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.

Overview Global food prices have spiked several times in recent years, most notably in 2007–2008 and again in 2010–2011. A sharp increase in food prices, especially in staple grains such as corn, …

Overview Corporate average fuel economy (CAFE) standards, which require automakers to achieve government-mandated targets for the efficiency of the vehicles they sell each year, can reduce U.S. re…

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…