Abstract
With historical time series of 2001–2010, this paper uses the OSMM method to explore the cost of oil security in China. The cost can be divided into three parts according to the model: Transfer of wealth, potential loss of GDP and disruption loss. With the calculation, results are clear that the most content of the cost is wealth transfer, followed by disruption loss (or “MAC” for Macroeconomic Adjustment Cost) and potential GDP loss. Total cost of the oil can nearly make up to 4 % of the national GDP in the calculation.
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