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…

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 …

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…

Overview U.S. policymakers who worry about the impact of energy developments on geopolitics typically think of high oil prices as bad news and low prices as an unalloyed good. But a sustained drop…