SAFE’s analysis of the latest data from the Bureau of Labor Statistics finds that despite record domestic oil production, U.S. consumer spending on gasoline remained near all-time highs last year. Recent data from the Consumer Expenditure Survey (CES) from the Bureau of Labor and Statistics (BLS) indicates that the average U.S. household spent more than $2,600 […]
Summary With the July 20 deadline for the P5+1 nuclear talks with Iran fast approaching, Securing America’s Future Energy (SAFE) and Roubini Global Economics (RGE) have assessed three potential oil market and geopolitical scenarios based on differing outcomes from the negotiations: a temporary deal (70 percent probability); a final settlement (20 percent probability); and a […]
The current crisis in Iraq is a sobering reminder of the vulnerability of the United States to the inherent instability of the global oil market. The situation in Iraq has deteriorated rapidly over the past week, with significant implications for regional security and oil markets. Sunni militants aligned with former Baathist elements and tribal groups have […]
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. […]
