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.
This CFR Interactive looks at the history of U.S. oil dependence and foreign policy, from the days of the first market, to the crisis of 1970s, to the struggle to balance energy security with environmental concerns.
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.
Marshall I. Goldman interviewed by Bernard Gwertzman
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 authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »