Oil

Other Report

The Shale Gas and Tight Oil Boom: U.S. States’ Economic Gains and Vulnerabilities

Authors: Stephen P.A. Brown and Mine K. Yucel

Stephen P.A. Brown and Mine Y├╝cel examine how changes in U.S. oil and natural gas production may affect individual state economies, showing that some of the states providing new energy resources are becoming less economically diversified and more economically vulnerable to energy price declines.

See more in United States; Oil; Natural Gas

Op-Ed

Make Sure Fracking is Done Right

Author: Michael A. Levi
cnn.com

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."

See more in United States; Natural Gas; Oil

Op-Ed

Why More U.S. Oil May Not Mean Cheaper U.S. Gas

Author: Michael A. Levi
Bloomberg.com

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."

See more in United States; Oil

Book

The Power Surge

Author: Michael A. Levi

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

Must Read

NYT: Avoiding the Curse of the Oil-Rich Nations

Author: Tina Rosenberg

"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

Other Report

Using Oil Taxes to Improve Fiscal Reform

Authors: Daniel P. Ahn and Michael A. Levi

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.

See more in United States; Oil; Tax Policy

Op-Ed

The False Promise of Energy Independence

Author: Michael A. Levi
New York Times

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."

See more in United States; Energy Policy; Oil

Article

The Surprising Sources of Oil’s Influence

Authors: Blake Clayton and Michael A. Levi
Survival: Global Politics and Strategy

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