CALL: 1-876-927-1779 | CARIBBEAN PETROLEUM UPDATE : FEBRUARY 2015 
PAGE 1
CARIBBEAN Petroleum Update A Publication of the Caribbean Energy Information System (CEIS)
FEBRUARY 2015 ISSUE
F uel P rice H edging
V
Image Source: www.thrombyair.com
ulnerability to fluctuating crude oil prices has always impacted the energy security of most Caribbean countries. To ensure energy security, energy resources must be affordable and must also be consistently available. At the core of the economic development of a country is energy security which takes into con-
sideration a short term and a long-term approach to securing energy. The long term aspect of energy security focuses on economic and environmental developments with regards to the supply of energy. Short-term energy security focuses on the ability of the energy structure to react swiftly to sudden changes in the energy production and
consumption variables. In light of the recent plummeting of crude oil prices and in order to secure against the prospects of prices going up sharply again and derailing economic progress, many governments globally and in the Caribbean are looking at what is known as petroleum fuel price hedging. In this issue of the Petroleum Update we
continued on page 2/
To access CEIS website
1-876-927-1779 (Tel) 1-876-977-1840 (Fax) ceis@src-jamaica.org www.ceis-caribenergy.org