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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.

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 …

The Impact of Removing Tax Preferences for U.S. Oil and Gas Production header

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…

Lessons Learned From the 2011 Strategic Petroleum Reserve Release header

June 13, 2016

Fossil Fuels
Oil Price Volatility: Causes, Effects, and Policy Implications

CFR convened a workshop to explore what drives oil price volatility, what effects it has on the economy and geopolitics, and what policy options to reduce price volatility.

Oil Price Volatility: Causes, Effects, and Policy Implications cover

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…

The Shale Gas and Tight Oil Boom header

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…

Oil Security and Conventional War header

November 20, 2015

Fossil Fuels
Fiscal Breakeven Oil Prices

Introduction An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget …

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June 29, 2015

Energy and Climate Policy
Oil Prices, Low-Carbon Energy, and Climate Policy

Overview For decades, oil prices have influenced the outlook for alternatives to oil and policies that support those alternatives. Expensive oil makes substitutes more appealing; cheap oil makes t…

Oil Prices, Low-Carbon Energy, and Climate Policy header

July 15, 2019

Technology and Innovation
Securing 5G Networks

5G networks could revolutionize the digital economy, but with this opportunity come major cybersecurity challenges. U.S. policymakers need to respond using technical and regulatory measures, diplomac…

A woman walks past a billboard reading '5G is here' on day one of the Mobile World Congress (MWC) Shanghai 2019 at the Shanghai New International Expo Center on June 26, 2019 in Shanghai, China.

June 14, 2019

Energy and Environment
Climate Risk Impacts on the Energy System

Insights from a CFR workshop examining the financial, regulatory, security, and technological dimensions of climate risks to the U.S. energy system.

Hurricane Harvey off the coast of Texas as seen from the International Space Station, on August 25, 2017.