Downsizing the U.S. Strategic Petroleum Reserve will have economic and foreign policy consequences that have not been fully considered. U.S. foreign policy should prioritize the management of these consequences.
Natural gas markets in the Asia-Pacific are on the cusp of an extraordinary transformation thanks, in part, to the rise of liquefied natural gas (LNG) exports to the Asia-Pacific from U.S. suppliers. If gas displaced coal, it would give a big boost to the world’s critically needed transition to a low carbon future.
The U.S.-Saudi relationship, long bound by common interests in oil and security, has shown strains over what some analysts see as waning U.S. involvement in the Middle East and a more assertive Saudi foreign policy.