The Security Impact of Oil Nationalization：Alternate Futures Scenarios

Journal of Strategic Security

Abstract
This article highlights the security impact of oil nationalization, develops and analyzes four
energy security scenarios, and suggests options to reduce the potential negative impact of oil
nationalization. In addition to the use of oil as a weapon, nationalization of oil can also lead
to competition for scarce resources among states, facilitate the funding of terrorists or
insurgents, contribute to destabilizing regional arms races, influence intra-state conflict, and
sustain antagonistic political agendas