Falling gas prices in the United States pose a challenge to policy experts seeking to move the country away from dependence on foreign oil. A new CFR Task Force report urges steps such as expanded domestic oil exploration, raising the cost of gas, and better engagement with India and China on energy issues.
Evo Morales, Bolivia's populist president, has nationalized his country's energy industry. The decision will have specific economic ramifications, and possibly broader political ones in a region that lacks a coherent identity.
Russia and China are signing groundbreaking deals to deliver Russian oil and gas to feed surging Chinese demand. The economic cooperation is also reflected on the political side, where the two nations are joining to counter U.S. influence in Central Asia and around the world.
In his State of the Union speech, President Bush said America is "addicted to oil" and proposed using technology to reduce Americans' dependence on foreign oil. Critics say the proposals are farfetched, inadequate, and contradict the administration's own policies.
China is increasingly turning to Africa to supply the oil it needs to feed its booming economy. Chinese Foreign Minister Li Zhaoxing is on a six-nation tour in Africa this week to raise China's profile in the region.
During peak driving season, a disruption in flows from the largest U.S. oil field compounds U.S. worries about energy supplies. Two widely different approaches in Congress to offshore drilling highlight the difficulties in crafting new policy.
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.
Blake Clayton says what's really behind New York's epic gasoline lines in the wake of Hurricane Sandy is the problem of getting gas and power to gas stations, with panic buying making things all the worse.
Blake Clayton and Greg Sharenow explain how the threat of a Strategic Petroleum Reserve release is a tantalizing tool to influence the oil market and consider whether the White House is the new Federal Reserve of oil.
In an article launching a new Forbes.com blog, "Risk and Return,"Blake Clayton says that President Obama, having learned the hard way last year that a Strategic Petroleum Reserve release can't reliably lower oil prices for very long, is likely weighing the potential political costs of a release versus its possible economic benefits.
Terra Lawson-Remer and Joshua Greenstein say, "Many resource-rich African countries make poor use of their wealth... Instead of creating prosperity, resources have too often fostered corruption, undermined inclusive economic growth, incited armed conflict and damaged the environment."
Author: Captain Melissa Bert, USCG American Foreign Policy Interests
Captain Melissa M. Bert, USCG saysnow is the time for the Obama administration to advance a comprehensive Arctic strategy that addresses both governance and acquisition requirements, or it risks further harm to the economic and national security of the United States.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.