According to Michael Levi , "selling Teslas (TSLA) to wealthy people today may be the best way to get electric cars to everyone tomorrow, and for the United States to eventually reduce its dependence on oil, with all the national security and economic benefits that entails."
In the first Bloomberg View excerpt of his forthcoming book The Power Surge, Michael Levi writes, "Oil markets are often as much about politics as economics, and predicting future political twists and turns should be done with care."
Asked by Soumaya Maghnouj, from Sciences-Po Author: Daniel P. Ahn
The global economic crisis and the subsequent attention to economic and budgetary issues have monopolized the political debate. With the aftermath of the crisis still being felt, there is not much political will for policies that may create short-term economic pain for long-term benefits. These include policies to combat or adapt to climate change.
A groundbreaking analysis of what the changes in American energy mean for the economy, national security, and the environment, authored by one of America's most prominent experts on energy's role in the world.
Taxes on oil consumption have long been a legislative third rail, yet concerns about the national debt may soon change that political calculus. Daniel Ahn and Michael Levi demonstrate that energy taxes can reduce the national debt and improve economic performance, all while reducing U.S. oil consumption.
Michael A. Levi says, "The benefits of the oil and gas boom—jobs, wealth and, in the case of natural gas, reductions in greenhouse gas emissions—offer plenty of reasons to continue to develop these resources judiciously. But we should beware of turning this potential blessing into an unintended curse."
Drawing on lessons from a Council on Foreign Relations workshop in January 2012, Blake Clayton and Michael A. Levi examine the connection between global oil markets and international relations, saying that in many cases the oil trade is politically consequential simply because policymakers believe that it is.
While California may not be getting much attention at this year's UN climate talks in Doha, "California's new cap-and-trade system is perhaps the biggest good news climate story this year, and delegates in Doha should be celebrating it," says Michael A. Levi.
Michael A. Levi says natural gas is a good and inexpensive alternative to coal and oil, but it's still a fossil fuel. Keeping in mind that gas is far from a permanent climate solution, delegates meeting in Doha for the UN climate change negotiations "should strengthen their efforts, individually and collectively, to promote innovation and development of cost-effective zero-carbon energy options."
In Money, Markets, and Sovereignty, the authors present a fascinating intellectual history of monetary nationalism from the ancient world to the present and explore why, in its modern incarnation, it represents the single greatest threat to globalization. More
In The Closing of the American Border, Edward Alden goes behind the scenes to tell the story of the Bush administrationís struggle to balance security and openness in the wake of the September 11, 2001, terrorist attacks. More
In this report, Benn Steil shows that the financial crisis is the inevitable bust of a classic credit boom, and explains how monetary, taxation, and home ownership promotion policy combined with other features of the financial system to fuel an unsustainable buildup in debt. He recommends significant reforms to reverse the debt financing bias and make the system more resilient to falls in asset prices. More
In order for policymakers to tackle todayís global economic crisis, this report argues, they must go beyond bailouts and stimulus packages and focus on one of the crisis's root causes: imbalances between savings and investment in major countries. More