Using Social Scientific Methodological Approaches to Reducing Risk: How the Risk Reduction Approach Works with Oil and Gas Faculties

Abstract

The global oil and gas industry is one key target for terrorists with impacts from attacks creating social problems for many societies that produce and use these energy products. This paper offers a methodology by which the risks of terrorism for this industrial segment can be articulated within an organizational context. Identifying the types of attacks that may transpire, the various motives for these attacks and conceptualizing strategies that allow the industry to address the risks of attacks moves the security onus from government to industry, a move that the authors believe is warranted and necessary

Keywords

• Risk reduction, oil & gas industry, terrorist attack

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