Video Brief: Energy

Video Brief: Energy

February 8, 2012 4:33 pm (EST)

Video Brief: Energy
Explainer Video

The winner of the U.S. presidential election will face at least three sets of energy challenges, says CFR’s Michael Levi. The winner will have to continue to focus on reducing U.S. dependence on oil, he says, in order to make the economy less vulnerable to disruptions in oil markets.

More From Our Experts

At the same time, the president will also face "a different challenge" from previous presidents who had to worry about how to increase U.S. energy supplies. The recent increase in natural gas and oil production, Levi says, will require the next president to facilitate development in a way that maximizes economic payoffs but is also sustainable and addresses environmental concerns.

The president must also be prepared to face unexpected energy crises, Levi cautions. "The next president may face a disruption in another critical producing region, they may face a disruption associated with confrontation between the United States and Iran, they may face disruptions that are less acute, stemming from a rising demand for supply," he says. The critical challenge is that the president will have "a limited set of tools" with which to address these types of events, Levi says.

This video is part of Campaign 2012, a series of video briefings on the top foreign policy issues debated in the run-up to the 2012 elections.

More From Our Experts

Top Stories on CFR

Palestinian Territories

The leading UN aid agency for Palestinian refugees is engulfed in allegations that twelve of its employees were involved in the Hamas attacks on southern Israel. The agency faces severe funding cutbacks, with huge consequences for hundreds of thousands of Palestinians. 

United States

New U.S. Census Bureau data shows the United States importing more goods from Mexico than from China. Will the shift change the global trading landscape?