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July 13, 2017

Fossil Fuels
Managing a Smaller U.S. Strategic Petroleum Reserve

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 c…

A section of the BP Eastern Trough Area Project oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland, on February 24, 2014.

July 11, 2017

Fossil Fuels
Using External Breakeven Prices to Track Vulnerabilities in Oil-Exporting Countries

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…

External breakevens petroleum oil

July 11, 2017

Energy and Environment
Interactive: Oil Exporters' External Breakeven Prices

The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a deca…

June 19, 2017

Global Governance
Council of Councils Sixth Annual Conference

The conference devoted sessions on domestic support for trade, multilateral rules of the road in cyberspace, North Korea’s nuclear ambitions, the European Union, and the Middle East.

From left, Greek Prime Minister Alexis Tsipras, U.S. President Donald J. Trump, Hungarian Prime Minister Voktor Orban, and UK Prime Minister Theresa May pose for a photo during the NATO summit in Brussels, Belgium, on May 25, 2017. (Jonathan Ernst/Reuters)

May 31, 2017

United States
A New Deal for the Twenty-First Century

Meeting America's economic challenges will require bipartisan cooperation and the adoption of a Twenty-First Century New Deal for American workers.

Iron workers twenty-first century deal

May 19, 2017

Fossil Fuels
Increasing the Use of Natural Gas in the Asia-Pacific Region

Increased use of natural gas in the Asia-Pacific region could bring substantial local and global benefits. Countries in the region could take advantage of newly abundant global gas supplies to diversify their energy mix.

An LNG tanker passes boats along the coast of Singapore on February 3, 2017.

April 27, 2017

Global
Global Economics Monthly May 2017

Bottom Line: British Prime Minister Theresa May’s decision to seek early elections comes as the economic costs of Brexit are becoming more apparent. While the removal of electoral uncertainty may be …

March 15, 2017

Greece
Global Economics Monthly: March 2017

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that Greece and its creditors are again locked in a showdown over reforms, cash, and debt relief. Another cliff-hanger ahead of heavy July debt payments looks likely. Extend-and-pretend is a dead end for Greece and an increasingly populist Europe, and a more ambitious agreement seems ruled out by bailout fatigue in creditor countries. Markets are once again underestimating the risks of “Grexit.”

January 1, 2017

Global
Global Economics Monthly January 2017

Bottom Line:  Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different. A greater range of possible, if…

December 2, 2016

Financial Markets
Global Economics Monthly: December 2016

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn writes that financial markets rallied following the U.S. election, on hopes that President-Elect Donald J. Trump’s fiscal stimulus and deregulation initiatives would spur corporate profits and growth. Perhaps so, but a strong case could be made for the opposite: that Trump’s economic agenda will prove disruptive to trade and growth, face growing headwinds in Congress, and exert a contractionary impact on the U.S. economy.