"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."
The Ukraine crisis has spurred calls for ramping up U.S. liquefied natural gas exports to Europe, but lifting the ban on U.S. crude oil exports might help put more pressure on Russia, writes CFR's Meghan L. O'Sullivan.
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.
Robert Lawrence shows that, absent other changes in the economy, benefits from declining oil imports for the long-term U.S. trade deficit have been overstated.
"Although the OPEC embargo seemed to provide proof that the world was running short of oil resources, the move by Arab exporters did the opposite: It provided massive incentive to develop new oil fields outside of the Middle East—what became known as "non-OPEC," led by drilling in the North Sea and Alaska."
In the Energy Report, Rosemary Kelanic analyzes a specific conflict scenario—an air war between the People's Republic of China (PRC) and Taiwan (also known as the Republic of China or ROC)—to enhance broader knowledge about fuel requirements in wartime.
Stephen P.A. Brown and Mine Yücel 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.
Blake Clayton argues that federal lawmakers should overturn the ban on exporting crude oil produced in the United States.
"The hard edges of Syria's frontlines—dogmatic, revolutionary, Islamist or pure murderously sectarian—almost melt away outside the oilfields. New lines emerge pitting tribesmen against battalions, Islamists against everyone else, and creating sometimes surreal lines of engagement."
In this Energy Brief, Blake Clayton and Adam Segal argue that cyber threats to oil and gas suppliers pose an increasingly challenging problem for U.S. national security and economic competitiveness.
In this op-ed in the Dallas Morning News, Michael Levi argues that those who believe bullish reports on North American energy should also accept the possibility of a price crash.
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."
"Even as the United States ramps up its oil production," writes Michael Levi, "it's critical that we continue to cut the amount of oil we use."
The Atlantic's Charles Mann discusses the possibility that fossil fuels might last longer than we think, presenting unexplored opportunities and risks.
According to Michael Levi in this serial of The Power Surge, decreasing demand "is the only real path to confronting the climate consequences of abundant oil."
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."
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.
With this new American energy renaissance, Meghan L. O'Sullivan says, "The United States needs to rethink its grand strategy; strength in the energy domain can be a major driver of U.S. influence in a world in which American power is more diffuse."
Michael A. Levi examines the potential security risks of U.S. dependence on oil in this response to an article published previously in Security Studies.
The authors argue that it is essential to begin working now to expand and establish rules and norms governing armed drones, thereby creating standards of behavior that other countries will be more likely to follow.
The author examines Pakistan's complex role in U.S. foreign policy and advocates for a two-pronged approach that works to quarantine threats while integrating Pakistan into the broader U.S. agenda in Asia.
The authors assess the political, security, and economic challenges facing U.S. policymakers in Afghanistan and evaluate a range of policy options.
Maximalist finds lessons in the past that anticipate and clarify our chaotic present, revealing the history of U.S. foreign policy in an unexpected new light. More
This clear and authoritative book presents a sweeping account of China's global resource quest and the unrivaled expansion of its economy. More
The story of the tragic and often tormented relationship between the United States and Pakistan, and a call to prepare for the worst, aim for the best, and avoid past mistakes. More