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.
Many countries are reducing or ending fuel subsidies in the face of high fuel costs and the spreading financial crisis. Though the cuts may prove unpopular, some experts say they could help ease global oil demand.
This report argues that unless there is a collapse in oil demand within the next five to ten years, there will be a serious oil 'supply crunch' - not because of below-ground resource constraints but because of inadequate investment by international oil companies (IOCs) and national oil companies (NOCs).
In contrast to conventional wisdom, OPEC's actions tend to lag behind fundamental changes in oil supply and demand rather than lead them. In this Newsweek Web Exclusive, David Victor argues that blaming high oil prices on OPEC won't have much impact. Real solutions should be focused on demand.
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 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.