Summary Venezuela’s economic and political deterioration will continue to have important implications for the country’s oil industry. As of 2013, U.S. oil imports from Venezuela account for 8 percent of total U.S. imports, making Venezuela the fourth-largest U.S. supplier. This report employs three scenarios to examine Venezuela’s potential oil production given future economic and political […]
The inaugural work of the Commission on Energy and Geopolitics, “Oil Security 2025: U.S. National Security Policy in an Era of Domestic Oil Abundance,” explores the potential for U.S. oil production to impact American foreign policy and national security in the coming decade and presents a series of recommendations designed to safeguard and advance U.S. […]
Economic researchers commonly identify reduced economic growth, current account deficits, weakened national security, and environmental harm as negative consequences of U.S. oil dependence. Missed in these discussions, however, is the relationship between oil prices, U.S. oil dependence, and the U.S. federal budget. This report, commissioned by Securing America’s Future Energy, identifies oil prices and oil […]
The members of the Organization of Petroleum Exporting Countries (OPEC) control the world’s largest and most accessible petroleum resources, and have undertaken a collaborative effort to maximize their collective profits through output restrictions over the past four decades. In this academic analysis, two leading petroleum economists present an overview of the many market failures which […]
Until recently, tight oil markets and oil dependence have dissuaded Western nations from implementing stronger measures aimed at curtailing Iran’s nuclear activities. New analysis from Securing America’s Future Energy and Roubini Global Economics shows that 2013 will present a temporary window to implement measures with the potential to deter Iran’s development of nuclear weapons without […]
