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 […]
The inaugural report from the Diplomatic Council on Energy Security highlights petroleum as a crucial component in the growth of the U.S. trade deficit to a potentially unsustainable and damaging level. Despite a third-straight year of growth in domestic oil production and a first year of net petroleum product exports since 1949, the U.S. trade […]
