[shakespear1]

While scanning articles on Financial Sense I came across the following clever way to view the security of oil supplies to the World Markets.

Security to mean a source that is relatively dependable on supplying the commodity to the market.

$this->bbcode_second_pass_code('', 'The chart “Oil Safety” adds up total oil production from the US, Mexico, Canada, the UK and Norway and compares that to total world production; the resulting ratio is depicted as a percentage. These five oil-producing nations are among the most politically stable in the world so the higher their production relative to total world output, the safer the globe's oil supplies. A lower ratio spells a higher oil risk premium.')

Article

Very clever in my mind !!!

[elroy]

Sounds like a flawed way to measure it. The peaks in safety, highest safety numbers, correlate with the oil crisis. I wouldn't call that period of oil 'secure'.