CFR Presents

Energy, Security, and Climate

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

Cyber Threats to Oil and Gas Supplies: How Much of a Worry Are They?

by Blake Clayton Wednesday, June 26, 2013

What harm could a cyber attack do to oil and gas production? Could it cause a catastrophic if temporary loss in supplies, sending prices soaring?  Does it pose a serious threat to oil companies’ operations? Or is talk of a new age of cyber insecurity in oil and gas—which has been in the air ever since a virus destroyed some 30,000 Saudi Aramco computers—overblown? Read more »

Reading Between the Lines of Obama’s Climate Change Plan

by Michael Levi Tuesday, June 25, 2013

Anyone who reads a newspaper has probably heard about President Obama’s climate change speech today and seen more than enough commentary on its highlights. Instead of piling on, I thought it would be enlightening to reflect on five things that are buried in the plan released alongside the speech but could have important consequences. Read more »

How to Improve the LNG Export Approval Process

by Michael Levi Friday, June 14, 2013

One of the odder aspects of how applications to export liquefied natural gas (LNG) are being handled is the “first come, first served” approach. The Department of Energy (DOE) has said that it will consider applications to export LNG to countries with which the United States does not have applicable free trade agreements (non-FTA countries) in the order that they are filed with the DOE, regardless of any other merits or weaknesses of the individual applications. This is led to a stampede of questionable applications driven by a desire to be first in line. Read more »

Is China the Real Winner from Iraq’s Oil Boom?

by Michael Levi Tuesday, June 4, 2013

Iraqi oil production has boomed in recent years, and Chinese companies have been deeply involved in producing and buying the oil. That prompted headline writers to go with this for a New York Times story on Sunday: “China Is Reaping Biggest Benefits of Iraq Oil Boom”. There’s a lot of good stuff in the article, but the headline rests on a wrongheaded view of how oil trade is intertwined with countries’ economic fortunes. Indeed one could easily argue that the United States, not China, has been the biggest winner (aside from Iraq) from the surge in Iraqi supplies. Read more »