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 […]
The recommendations presented in A National Strategy for Energy Security – Harnessing American Resources and Innovation are designed to achieve a fundamental necessity: safeguarding the physical and economic security of the United States by significantly reducing our dependence on oil. Today, U.S. oil dependence constrains foreign policy, limits military options, and harms economic growth and […]
The current instability in multiple oil producing regions means that supply disruption vulnerability is particularly high. Flashpoints include Iran, the Strait of Hormuz, Nigeria, Iraq, and Libya. If as few as two supply disruptions occurred simultaneously, demand for available spare capacity would be overwhelmed. But, even the threat of a single oil disruption has the […]
