CFR Presents

Energy, Security, and Climate

CFR experts examine the science and foreign policy surrounding climate change, energy, and nuclear security.

Revisiting High Oil Prices and the U.S. Economy

by Daniel P. Ahn Sunday, March 4, 2012

Given how oil is back in the media spotlight and as oil markets brace for the implementation of the Iranian oil embargo, it seems as good a time as any to revisit the question of high oil prices and their impact on the U.S. economy (as well as revitalize my hitherto moribund blog output), discussed at length in this post. Read more »

Missing the Point on Natural Gas as a Bridge Fuel

by Michael Levi Friday, March 2, 2012

Hardly a month seems to go by without another study that’s touted as showing that natural gas is a dead end when it comes to climate change. First there was the International Energy Agency’s “Golden Age of Gas”, which foresaw global temperatures rising by as much as five degrees centigrade.  Then there was a paper by Tom Wigley in Climatic Change Letters that was released under the banner “Switching From Coal To Gas Would Do Little For Global Climate”. The latest entry in the genre is a paper out a couple weeks ago in Environmental Research Letters, whose abstract concludes: “Conservation, wind, solar, nuclear power, and possibly carbon capture and storage appear to be able to achieve substantial climate benefits in the second half of this century; however, natural gas cannot.” One prominent climate blogger interpreted that bluntly: “Natural gas is a bridge fuel to nowhere”. Read more »