Diversifying Energy Industry Risk in the Gulf of Mexico
Diversifying Energy Industry Risk in the Gulf of Mexico. David Dismukes. Funded by the U.S. Department of the Interior, Minerals Management Service and the LSU Coastal Marine Institute. Project Funding: $165,302.
This project proposes to investigate how the energy industry diversifies its risk exposure in general in the GOM, with a particular emphasis on insurance-related issues. Risk mitigation is secured through the use of various strategies, including but not limited to the following: the private insurance market, energy supply portfolio management, alternative energy development, and non-traditional markets such as hedge funds.
The purpose of this study is to examine the main issues associated with the energy industry's risk diversification strategies, with a particular focus on the implications that these strategies will have not only on major oil and gas companies, but also smaller independents and Gulf Coast communities.
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