Understanding the Index of U.S. Energy Security Risk
- Since the early 1970s, presidential administrations and other policymakers have made energy security a priority. Yet, policymakers have lacked a tool to regularly measure our nation's progress and thus assess the impact of policy decisions on America's energy security. Indeed, energy is still recognized today as among the top challenges to our future prosperity, national security, and way of life.
- The Index, a first-of-its-kind energy risk indicator, uses quantifiable data, historical trend information, and government projections to identify the policies and other factors that contribute positively or negatively to U.S. energy security.
- It provides a look at energy security retrospectively from 1970 to 2010 and prospectively from 2010 to 2035.
- From this data, policymakers and energy professionals can use the Index to track shifts in U.S. energy security over time and assess potential impacts of new policies. It allows us to answer with precision and regularity the question: Is our energy security getting better or worse and, importantly, why?
- Visible in the Index are effects of major world events over the past four decades, as well as harbingers of risk over the coming two decades.
- To put the Index into some historical perspective, while the years 1980 and 2008 represent the years with the highest energy security risks in the series with a score of 100 and 100.9, respectively, 1991 represents the year with lowest risk with a score of 74.2.
- " Forecasts suggest that as the global economy recovers, the risks to U.S. energy security outlined in the Index will approach the highs seen in 1980 and 2008 and average 94 from 2011 to 2035.