Analyzing India’s Oil Security: MOSES Application and Evidences from Indian Economy

Authors applied IEA model of Short Term Energy Security (MOSES) to analyze Indian energy security profile with respect to ‘Crude Oil’, the 2nd largest component in country’s energy basket. The analysis was based on 8 quantitative indicators of External and Domestic Risk and Resilience. The MOSES indicator against each parameter was calculated and later collaborated against the rage of indicators resulting in identification of crude oil security profile of the country. The subject analysis of MOSES resulted in placement of India in GROUP-C of the energy security profile. Author also analyzed that completion of 3 Strategic Crude Oil Storage facilities and the establishment of dedicated ‘Sovereign Wealth Fund’ for asset acquisition will reduce the risk profile and will result in graduation of country’s oil security profile from GROUP-C to GROUP-B.