Living on Canada's Oil

Author: Michael A. Levi

Michael A. Levi argues that a price on carbon would provide the United States energy security and prod the Canadian oil sands industry to clean up its emissions act.

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Council Special Report No. 47

The Canadian Oil Sands

Author: Michael A. Levi

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.

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Must Read

BI: Russia and the Caspian States in the Global Energy Balance

Author: Amy Myers Jaffe

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.

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Averting the Next Energy Crisis: The Demand Challenge

Speaker: Scott Nyquist

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.

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Poor Policy, Not Sanctions, Weakens Iran's Economy

Djavad Salehi-Isfahani interviewed by Greg Bruno

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.

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Venezuela's Oil-Based Economy

Authors: Cesar J. Alvarez and Stephanie Hanson

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.

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Transparency and Surpluses in Iraq's Oil-Dependent Budget

Joseph A. Christoff interviewed by Greg Bruno

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.

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Must Read

NYT: OPEC Says It Will Cut Oil Output

Authors: Nelson Schwartz and Jad Mouawad

Stung by what it called “a dramatic collapse” in crude prices, the OPEC cartel said on Friday that it would reduce output by a steeper-than-expected 1.5 million barrels a day.

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Analysis Brief

Cutting Back on Fuel Subsidies

Author: Toni Johnson

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.

See more in Global; Food Security; Oil