Although the surging oil consumption in India and China is often cited as the reason for skyrocketing oil prices, Michael Levi points out that they are only part of the picture. Due to massive oil subsidies, many Middle East countries are note just major producers, but major consumers of oil and are responsible, in part, for the growing oil prices over the last few years.
This report presents international energy projections through 2030, prepared by the Energy Information Administration, including outlooks for major energy fuels and associated carbon dioxide emissions.
The Canadian oil sands present an important challenge to policymakers: they promise energy security benefits but present climate change problems. Michael A. Levi assesses the energy security and climate change effects of the oil sands and makes recommendations for U.S. policymakers within the context of broader bilateral relations with Canada.
Russia's position as a major energy supplier has great significance not only for its foreign policy but for its relationships with major energy consuming countries. The nature of Russia's future geopolitical role in world energy markets has become a major concern of international energy security with important implications for Europe, Japan and the United States. Given a range of economic and geopolitical uncertainties, the fate of Russian and Caspian natural gas exports remains a major risk factor in global energy supply. In this study, researchers examine several scenarios for Russian and Caspian oil and natural gas production, possible export routes, and the geopolitics involved.
Council on Foreign Relations address by Scott Nyquist, Senior Partner of McKinsey & Company, Inc., who discusses the energy demand contract, to what degree today's credit constraints will impact supply and how the post-recession balance between demand and supply will play out.
Low oil prices are undermining Iran's economy, a political liability for President Mahmoud Ahmadinejad as he seeks reelection in June. Djavad Salehi-Isfahani, a former Iranian central bank economist, assesses the link between politics and economy in Iran.
Economist James Hamilton explores similarities and differences between the run-up of oil prices in 2007-08 and earlier oil price shocks, looking at what caused the price increase and what effects it had on the economy.
Venezuela is trying to develop new markets for its oil at a time of increasing friction with its main customer, the United States. But a significant short-term shift in oil relations between Venezuela and the United States is unlikely.
An official at the U.S. Government Accountability Office says Iraq will retain a healthy budget surplus in spite of falling oil prices. He also notes that auditors' access to Iraq's finances could be curtailed sharply after the end of this year.
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.
Learn more about CFR’s mission and its work over the past year in the 2014 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 »