Oil

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

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