Abstract
This paper selects a sample of governments including the U.S., China, and South Korea to first analyze their views towards oil and establish evidence supporting the argument that much of the world views oil from a Cold War lens that does not reflect the reality of globalization. Second, this paper provides evidence supporting the argument that viewing oil supply from a national lens is incompatible with our single world supply and pricing system coupled with the effects of economic and financial integration on energy security. Third, this paper argues that the world’s misinformed view of oil perpetuates a physically pointless, but existent, energy security dilemma bubble.