141 Results for:

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

January 27, 2014

Fossil Fuels
Implications of Reduced Oil Imports for the U.S. Trade Deficit

Robert Lawrence shows that, absent other changes in the economy, benefits from declining oil imports for the long-term U.S. trade deficit have been overstated.

Implications of Reduced Oil Imports for the U.S. Trade Deficit header

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

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

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 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

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 …

Fiscal Breakeven Oil Prices header

September 10, 2019

Climate Change
Impact of Climate Risk on the Energy System

Climate change poses risks to energy security, financial markets, and national security. Energy companies and local, state, and federal governments need to better prepare to face these challenges.

Impact of Climate Risk on the Energy System by Amy Myers Jaffe et al.