Energy

Op-Ed

Asia's Achilles Heel

Author: David G. Victor
Newsweek

In this article for Newsweek, David Victor says that the deeper cause of China's recent power crisis lies in the fact that China's free-market policiesthe same ones that led to China's extraordinary growth in the past decadehave eroded the government's ability to control its economy. In fact, the big challenge in the coming Asian century may not be China and India's burgeoning strength but their weakness.

See more in China, India, Energy, Energy Security, Environmental Pollution

Op-Ed

The Oil Paradox

Author: David G. Victor
Newsweek

Last week brought fresh evidence that the U.S. economy is slowing and may have slipped into recession. The news has not only dimmed expectations for world economic growth, but it has also hammered oil prices, which lost $15 from the $100 high just a month earlier. The question on policymakers' lips is whether a worldwide slowdown will bring an end to the boom in demand for oil and drive prices significantly lower. In this article for Newsweek, David Victor argues that although oil prices will eventually drop as new sources come online and biofuels and other alternatives take hold, crude prices are likely to remain high and volatile for a while.

See more in Energy, Natural Resources Management