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Energy Security in Danger? A Comparative Analysis of Oil and Copper Supply

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  • Maciej Mróz

    (Warsaw School of Economics, 02-554 Warszawa, Poland)

Abstract

This study aims to examine energy security in terms of crude oil and copper supply. While oil remains the leading energy commodity globally, copper is crucial for many new technologies, foremost for RES. Therefore, both oil and copper are extremely important for current and future energy security. This article contains a bivariate methodological approach to a comparative analysis of oil and copper supply: determining supply security with an Index of security of supply, and examines price stability with generalized autoregressive conditional heteroscedasticity (GARCH) models. This research provides evidence that there are many differences but also significant similarities between these two completely different commodities in terms of both supply security and price stability. Facing the future for RES, significant demand may cause a threat to energy security on a previously unknown scale. Therefore this instability, both supply- and price-related, appears to be the main threat to future energy security.

Suggested Citation

  • Maciej Mróz, 2022. "Energy Security in Danger? A Comparative Analysis of Oil and Copper Supply," Energies, MDPI, vol. 15(2), pages 1-16, January.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:2:p:560-:d:723962
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    References listed on IDEAS

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    1. Vivoda, Vlado, 2010. "Evaluating energy security in the Asia-Pacific region: A novel methodological approach," Energy Policy, Elsevier, vol. 38(9), pages 5258-5263, September.
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    1. Siksnelyte-Butkiene, Indre & Streimikiene, Dalia & Lekavicius, Vidas & Balezentis, Tomas, 2024. "Comprehensive analysis of energy security indicators and measurement of their integrity," Technological Forecasting and Social Change, Elsevier, vol. 200(C).

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