UK

The oil reserves of the UK may be regarded as an asset whose rate of return will depend on future oil price movements and cost developments. The profits on depleted oil may be invested in assets above the ground. An optimal depletion policy is one which maximizes the rate of return on oil both as an asset below the ground and as an asset above the ground. On the assumptions made, it is shown that such a policy implies a rapid depletion profile.

Published in: Energy, Volume 2, Issue 3, September 1977, Pages 249-256
Available from: ScienceDirect

The UK faces long term challenges to the reliability of its energy supplies, arising from a
combination of domestic resource depletion, subsequent dependence on eroding global raw
fuel reserves, poor infrastructure investment and worsening weather. This study evaluates the
readiness of UK companies for such disruption.

The literature suggests that the approach to business continuity planning is not taking
account of these emergent risks and thus companies are unprepared. Selected UK businesses
were asked for their views on business continuity planning. This information gathering
comprised both qualitative and quantitative information obtained through questionnaire and
interviews.

It was found that whilst most companies in the study had measures in place that would provide a degree of protection, there were shortfalls in their approach to risk assessment
which meant emergent risks were not captured or mitigated against. To alleviate these vulnerabilities, it is recommended that the UK government become more proactive in communicating emergent risks and that companies review their risk assessment approach and take appropriate action to ensure that protective measures are implemented and risks are regularly reviewed.

Published in: Liverpool University, master of business administration thesis
Available from: See attachment below