Blake Clayton argues that federal lawmakers should overturn the ban on exporting crude oil produced in the United States.
See more in United States; Trade; Oil
Blake Clayton argues that federal lawmakers should overturn the ban on exporting crude oil produced in the United States.
See more in United States; Trade; Oil
"The hard edges of Syria's frontlines—dogmatic, revolutionary, Islamist or pure murderously sectarian—almost melt away outside the oilfields. New lines emerge pitting tribesmen against battalions, Islamists against everyone else, and creating sometimes surreal lines of engagement."
In this Energy Brief, Blake Clayton and Adam Segal argue that cyber threats to oil and gas suppliers pose an increasingly challenging problem for U.S. national security and economic competitiveness.
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In this op-ed in the Dallas Morning News, Michael Levi argues that those who believe bullish reports on North American energy should also accept the possibility of a price crash.
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According to Michael Levi, the boom in American energy production could be short-lived, "if we don't get serious about the accompanying risks and make sure that oil and gas development is done right."
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"Even as the United States ramps up its oil production," writes Michael Levi, "it's critical that we continue to cut the amount of oil we use."
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The Atlantic's Charles Mann discusses the possibility that fossil fuels might last longer than we think, presenting unexplored opportunities and risks.
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According to Michael Levi in this serial of The Power Surge, decreasing demand "is the only real path to confronting the climate consequences of abundant oil."
See more in United States; Climate Change; Oil
In the first Bloomberg View excerpt of his forthcoming book The Power Surge, Michael Levi writes, "Oil markets are often as much about politics as economics, and predicting future political twists and turns should be done with care."
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A groundbreaking analysis of what the changes in American energy mean for the economy, national security, and the environment, authored by one of America's most prominent experts on energy's role in the world.
See more in Energy Policy; Oil; United States
With this new American energy renaissance, Meghan L. O'Sullivan says, "The United States needs to rethink its grand strategy; strength in the energy domain can be a major driver of U.S. influence in a world in which American power is more diffuse."
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Michael A. Levi examines the potential security risks of U.S. dependence on oil in this response to an article published previously in Security Studies.
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"If a government can finance itself through the profits on oil, it needn't collect taxes. Let me suggest that this is not a good thing. Taxes create accountability — citizens want to know how the government is spending their money. Substituting oil revenues decouples government from the people. The list of the world's worst-governed countries today features many that are dependent on the production of oil: Nigeria, Angola, Chad, Venezuela, Libya, Equatorial Guinea."
See more in Global; Environmental Policy; Oil
CFR senior fellow Michael A. Levi discusses President Obama's energy agenda and the energy future of America with Anya Schmemann, Director, Editorial Strategy, Studies Program.
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Michael A. Levi and Daniel P. Ahn say, "If lawmakers decide to go ahead with further deficit reduction, they would be remiss not to take a hard look at higher oil taxes as part of the deal."
See more in United States; Oil; Tax Policy
Taxes on oil consumption have long been a legislative third rail, yet concerns about the national debt may soon change that political calculus. Daniel Ahn and Michael Levi demonstrate that energy taxes can reduce the national debt and improve economic performance, all while reducing U.S. oil consumption.
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Could Ohio, New York or Pennsylvania be the next North Dakota and "frack" its way to budget surpluses?
See more in United States; Oil; State and Local Governments
Michael A. Levi says, "The benefits of the oil and gas boom—jobs, wealth and, in the case of natural gas, reductions in greenhouse gas emissions—offer plenty of reasons to continue to develop these resources judiciously. But we should beware of turning this potential blessing into an unintended curse."
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Drawing on lessons from a Council on Foreign Relations workshop in January 2012, Blake Clayton and Michael A. Levi examine the connection between global oil markets and international relations, saying that in many cases the oil trade is politically consequential simply because policymakers believe that it is.
See more in Global; Business and Foreign Policy; Oil
With the Middle East unrest ongoing and the global economy recovering, gasoline prices are rising considerably. But policies to ease U.S. consumer impact take time and policymakers are divided over the course of action.
See more in United States; Oil; Energy Policy
Will the Obama administration show a greater interest in Africa in the second term?
The Future of U.S. Special Operations Forces
Special operations play a critical role in how the United States confronts irregular threats, but to have long-term strategic impact, the author argues, numerous shortfalls must be addressed.
Reforming U.S. Drone Strike Policies
The author analyzes the potentially serious consequences, both at home and abroad, of a lightly overseen drone program and makes recommendations for improving its governance.
Pathways to Freedom
An authoritative and accessible look at what countries must do to build durable and prosperous democracies—and what the United States and others can do to help. More
The Power Surge
A groundbreaking analysis of what the changes in American energy mean for the economy, national security, and the environment. More
Two Nations Indivisible
Through an in-depth analysis of modern Mexico, Shannon O'Neil provides a roadmap for the United States' greatest overlooked foreign policy challenge of our time—relations with its southern neighbor. More