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August 2, 2016

Energy and Climate Policy
The Impact of Removing Tax Preferences for U.S. Oil and Gas Production

Overview The tax treatment of oil and gas investment in the United States has been a contentious policy issue for decades. Reform advocates argue that eliminating tax preferences for producers of …

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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.

September 10, 2012

Fossil Fuels
Lessons Learned From the 2011 Strategic Petroleum Reserve Release

Overview In this Working Paper, Blake Clayton analyzes the 2011 International Energy Agency (IEA)–coordinated release of strategic petroleum reserves to shed light on the political underpinnings a…

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October 15, 2013

Fossil Fuels
The Shale Gas and Tight Oil Boom

Introduction U.S. policymakers have been concerned about the country's dependence on imported energy since World War II. Those concerns were highlighted in the 1970s when episodes of sharply risin…

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October 15, 2013

Fossil Fuels
Oil Security and Conventional War

Overview In the past, conventional militaries were plagued by wartime oil shortages that severely undermined their battlefield effectiveness. But could oil shortages threaten military effectivenes…

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