Oil

Op-Ed

What the 2014 Oil Crash Means

Author: Michael A. Levi
Politico Magazine

As oil prices continue to drop, Michael Levi argues that the benefit to American consumers will outweigh any damage to the U.S. economy. However, how you view this plunge in oil prices "depends a lot on where you live and what work you do."

See more in Global; Oil; Financial Markets

Op-Ed

Beijing’s Actions in the South China Sea Demand a U.S. Response

Authors: Elizabeth C. Economy and Michael A. Levi
Washington Post
The China National Overseas Oil Coorporation (CNOOC) began drilling in Vietnamese-claimed waters late last week, accompanied by more than seventy vessels, including armed Chinese warships. Elizabeth Economy and Michael Levi write that the United States needs to face up to the full magnitude of the Chinese challenge to have any hope of successfully confronting it.

See more in China; Vietnam; Territorial Disputes; Oil

Must Read

WSJ: How a Giant Kazakh Oil Project Went Awry

Authors: Selina Williams, Geraldine Amiel, and Justin Scheck

"To replace what they pump, oil companies need to collaborate with state-owned companies that control 90% of the globe's remaining oil reserves, by a World Bank estimate. But governments often give foreign oil companies access only to the hardest-to-develop acreage. Kashagan's large-scale stumble shows how collaborations in these difficult fields can go sour for both sides."

See more in Kazakhstan; Oil

Foreign Affairs Article

Reverse the Curse

Authors: Karol Boudreaux, Tiernan Mennen, Larry Diamond, and Jack Mosbacher

Larry Diamond and Jack Mosbacher ("Petroleum to the People," September/October 2013) rightly observe that the coming oil boom in Africa is, paradoxically, a frightening prospect for the continent's poor and marginalized.

See more in Africa (sub-Saharan); Oil