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.
Authors: Terra Lawson-Remer and Joshua Greenstein Africa in Fact
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.
John Campbell says that as oil-rich Nigeria continues to suffer from decades-long dysfunctional governance and tensions between the Christian South and the Muslim North are rising, Nigeria is in need of creative American diplomacy.
In this YaleGlobal piece, Amity Shlaes and Gaurav Tiwari examine entrepreneurship and oil wealth in various countries and how these factors relate to a country’s policy towards the U.S. They find that there is indeed a significant positive relationship between the pro-US votes and the level of enterprise in a country, and that countries with oil tend to be less entrepreneurial as well as less friendly to the US. It seems clear that the US would benefit not only from helping countries strengthen education, the rule of law and free trade, but also from supporting the entrepreneurial culture of any country where the US has an interest.
Terra Lawson-Remerargues that the International Finance Corporation (the member of the World Bank Group responsible for financing private-sector projects) can and should require inclusion of commitments regarding sustainable development and human rights in the legal covenants that often govern large private-sector investments.
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