Libya Rocks Oil Markets

Speaker: Michael A. Levi

As fighting continues across Libya, CFR's Senior Fellow for Energy and the Environment, Michael Levi, says the main cause of volatility in oil markets hasn't been the physical impact on oil production. So long as oil prices do not remain high over time, Levi does not expect economic growth to be impacted.

See more in Energy Policy; Libya; Oil

Backgrounder Author: Toni Johnson

The Gulf of Mexico oil spill spotlights the growth of deepwater drilling and the challenges of balancing strong environmental regulation with efforts to expand U.S. domestic oil production.

See more in United States; Oil