Oil price shocks spurred by Mideast events are unlikely to derail the U.S. economic recovery, says CFR Distinguished Visiting Fellow Michael Spence. But bigger shifts in the global economy will hit U.S. unemployment, income inequality, and capital costs, he says.
High and volatile energy prices have driven the regulation of commodity financial markets to the forefront of the U.S. and G20 policy agendas. Integrated commodity markets require international policy coordination, but not all domestic and international policy initiatives are equally desirable.
This report from the U.K. House of Commons expresses confidence in the government's regulatory ability over the oil drilling sector, while conceding that some proposed expansions in regulation should be adopted in light of the B.P. spill in the Gulf of Mexico.
Mikhail Khodorkovsky's sentencing to another prison term was a foregone conclusion, underscoring both the continued power of President Putin and Khodorkovsky's arrogance in trying to thwart him, says Russia expert Marshall Goldman.
The Obama administration has overreacted to the Gulf oil spill by suspending most new offshore drilling and moving to expand liabilities for future accidents, with implications for U.S. energy security, says Jack Coleman, an energy industry official and legal expert.
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.
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.