CFR Presents

Energy, Security, and Climate

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

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Showing posts for "Energy Security"

Is U.S. Energy Independence Possible?

by Blake Clayton

It depends on how you define it.

Take oil, for example. The recent, sustained downturn in U.S. oil imports is already the talk of the town, but to recap: The United States is importing far less foreign oil to satisfy its domestic needs than it was even a few years ago. This trend is very likely to continue in the coming years. Read more »

Is South Korea Undermining Sanctions Against Iran?

by Michael Levi

The Wall Street Journal delivered some disturbing news yesterday: South Korea “sharply boosted imports of Iranian crude” in April, buying 42 percent more than a year before, and 57 percent more than in March. Analysts have speculated as to whether Seoul was attempting to sneak in extra oil before European sanctions begin to bite. A more careful look at the data, though, suggests that the spike in Korean imports is less peculiar than meets the eye. Read more »

From Tehran with Love

by Daniel P. Ahn

As the Iranian oil embargo begins to bite, the widespread assumption is that this should hurt Iran’s oil revenues and government budgets, hopefully inflicting enough economic pain to bring them to the bargaining table. But rather counterintuitively, some basic economics suggest Iran may have cause to thank the United States, European Union, and embargo participants for helping raise their total oil revenue! Read more »

Revisiting High Oil Prices and the U.S. Economy

by Daniel P. Ahn

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 »