Showing posts for "Energy Security"
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 »
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 »
Gasoline prices are the talk of the town right now. Lots of stories are circulating about where prices are on a historical basis and what this summer might bring. $4 a gallon? $5? Some have predicted even $6 a gallon. Wait, it gets better. You’d think you were at a horse auction the way analysts are talking these days. Read more »
Before I launch into the post, I thought it might be good for me to introduce myself to you readers, since I’m going to be blogging pretty regularly in the coming months. I joined CFR last October as a fellow for energy and national security as part of a larger Sloan Foundation-funded initiative, the Program on Energy and National Security. I’m delighted to be a part of the CFR and am looking forward to working on this new energy program. Read more »
In the not so distant future – indeed perhaps only months from now – the United States and Europe may enact a mix of sanctions against the Central Bank of Iran (CBI) and Iranian oil exports as part of an effort to stall the Iranian nuclear program. Sanctions against the CBI would leave many current Iranian oil customers without any way to pay for their crude, effectively triggering a partial boycott on Iranian oil exports. Explicit sanctions would, of course, do the same. Read more »
A basic disagreement lies at the root of many of today’s most heated energy debates: some people think that expensive oil is bad for the United States, while others think that it’s good. One side asserts that the economic benefits of cheap oil outweigh all else, while the other insists that the environmental and other damages stemming from inexpensive oil are clearly paramount. Read more »
Energy, Security, and Climate examines policy challenges surrounding energy, security, and climate change.