Analysis Brief

The Energy Policy Conundrum

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.

See more in United States; Oil; Energy Policy

Analysis Brief

Vying Claims on Bolivia's Energy

Author: Lee Hudson Teslik

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.

See more in Bolivia; Oil; Natural Gas

Analysis Brief

Russia and China Bond over Energy

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.

See more in China; Russian Federation; Oil

Analysis Brief

Mixed Views on Bush Energy Plans

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.

See more in United States; Energy Policy; Oil


Falling Oil Prices, the Saudis, and the Soviets

Author: Stephen Sestanovich
Wall Street Journal

With oil prices collapsing, Saudi Arabia is facing similar problems that the Soviet Union faced decades ago. Saudi policymakers’ economic reform strategies also echo those of  Mikhail Gorbachev. However, different from Gorbachev’s Soviet Union, Saud Arabia’s foreign policy is both confrontational and interventionist. Saudi seeks change, but hopes to keep it in bounds, and may want the world to remain a dangerous place.

See more in Saudi Arabia; Oil; Russian Federation


Weekend Reader: 'Market Madness: A Century of Oil Panics, Crises, and Crashes'

Author: Blake Clayton
The National Memo

In Market Madness: A Century of Oil Panics, Crises, and Crashes, stock analyst Blake C. Clayton tempers the craze surrounding oil exhaustion through a combination of historical investigation and sober, persuasive analysis. His book is a lucid, credible riposte to apocalyptic ravings about “peak oil.” Clayton examines how such panics have persisted through the decades, all unfounded, yet devastating to the market. Market Madness enjoins consumers, policymakers, and brokers to abstain from hysteria and remain informed about what the future of energy truly holds.

See more in Global; Oil


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