The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill…

Overview How much Iranian nuclear capability is too much? The simplest answer is that any amount is unacceptable. But it is far from clear that zero enrichment is a realistic goal. To help illumin…

Overview Corporate average fuel economy (CAFE) standards, which require automakers to achieve government-mandated targets for the efficiency of the vehicles they sell each year, can reduce U.S. re…

Overview Economists have long argued that taxing oil consumption would be the most efficient way to address U.S. vulnerability to overpriced and unreliable oil supplies. Yet energy taxes are a thi…