For instance, Iran is challenging Saudi Arabia's ability to guarantee the stability of global oil markets.
The paper suggested accumulating cash in an oil fund would help provide stability but says this could lead to reduced public spending.
For generations, the stability of global oil supplies has been guaranteed by Saudi Arabia's reserve capacity that could be relied on to make up for any shocks to those supplies due to political unrest or other factors.
Saudi Arabia spent 80 years building its oil industry amid relative peace and stability.
Ecuador has weathered political turmoil largely because the adoption of the dollar in 2000 and high oil prices have brought growth and stability.
In particular, we share the concern that rising oil prices is an obstacle to speedy recovery of the global economy, and agree that international cooperation needed to be further strengthened to bring about stability in the world oil market.
WHITEHOUSE: President Obama and President Lee Hold a News Conference
It decided to keep interest rates on hold, not because oil prices posed no threat to price stability, but because that threat was counterbalanced by the risks they posed to growth.
Both countries shared an interest in regionals stability, which would allow uninterrupted oil flows from the region.
Oil is a much less important resource to economic stability now than it was almost 40 years ago.
Until now, the United States has chosen its Arab friends for their stability, their anti-radicalism, their oil, and their non-belligerence towards Israel.
So oil was very, very, important to overall economic stability.
Customers sometimes take out their anger on the local gas station as if it had the power to create stability in the Middle East or curb speculation in oil markets.
From this historical and cultural legacy, those countries will have to build modern nation-states to achieve the stability they need to make proper use of their oil and gas bonanza.
Last month, the Energy Security Leadership Council detailed an oil security plan to improve the U.S. economy, promote fiscal stability, and protect national security.
In a semiannual report to Congress, Fed Chairman Ben Bernanke told politicians that commodity-price inflation, and oil prices more specifically, could pose a threat to economic growth and price stability if sustained at high levels, while at the same time reassuring markets and politicians that inflation remained low and expectations stable.
The year-old paper said the volatility in projecting North Sea oil revenues created financial uncertainty and, although an oil fund - which the Scottish government has said it wants to set up after independence - could increase stability, it might mean spending cuts.
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