Energy security is the relationship between the accessibility of various natural sources for energy consumption and national security. Access to affordable energy has become imperative for the smooth functioning of contemporary economies. Yet, the uneven distribution of energy sources among nations has led to major vulnerabilities. One such vulnerability is the lack of a stable Middle East for oil. The Middle East has been divided into several groups of countries such as Syria, Iraq, Iran and Saudi Arabia, which all compete with each other for the control of oil supplies.
The political turmoil in the Middle East due to the unrest in Iraq, the increasing threats posed by Iran and instability in Yemen and elsewhere have had a detrimental impact on the supplies of oil. These factors have resulted in increased demand for oil from abroad. This has increased the volatility of the oil market and has put a strain on the currencies of various countries. Political conflict has often erupted between two countries that are dependent on oil exports. This has made crude oil transportation and pricing even more difficult.
Another major source of insecurity in the Middle East relates to the unstable Middle East Monetary Fund (EMSIF), which is based in Abu Dhabi. The EMSIF has several objectives including promoting sound international monetary policy, maintaining the stability of the national economy and implementing economic growth. The organization also aims at providing financial
assistance to states in need of petroleum and natural gas. Many of these nations in the Middle East have been battling with political instability and are dependent on oil for their finance and trade.
Oil prices are subject to frequent fluctuations because supply goes up and down as demand goes up and down. Short-term spikes in crude prices can lead to large jumps in inventory levels resulting in a lack of supplies for energy. This affects the international energy trade. The United States is the main producer of crude oil, while Iran produces under 3%. Both these countries rely on other countries for their energy supply.
In addition to these challenges, there are several environmental issues related to the consumption of petroleum and other petroleum products. These include global warming, air pollution due to vehicle exhausts, water pollution caused by improper disposal of waste and the depletion of the earth’s non-renewable resources. These issues are exacerbated by political instability and lack of infrastructure. As a result of this problem, there are concerns about global warming, climate change and potential increased instability throughout the Middle East and Asia. Security in this region is threatened by several nations that are trying to take advantage of the political turmoil to gain oil.
Energy security through the use of oil is threatened by the instability in several nations in the Middle East. There are several reasons for this issue. Some of these reasons are because of the demographics of the people living in those countries, as well as poor infrastructure, which cause an increase in the cost of energy and increase the risk of outages and blackouts. These outages and blackouts increase the threat to the public in those areas and can be detrimental to the security of the electrical grid in the event of a power outage. For this reason, oil is used by several nations to increase their national power production and provide electricity in that country.