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All items tagged oilOpen Think Tank ArticlesApril 7, 2008 | The $100 Barrel: Long Term Gains, Short Term CostsMemo 5: Members of the Atlantic Community are more concerned about the short term consequences than the potential long term benefits of the current high oil price. ... MoreJanuary 3, 2008 | The $100 Barrel is a BlessingThomas Straubhaar: The oil price’s rise towards $100 per barrel is not a cause for concern over economic growth, but has many positive implications for the economy and the climate. ... MoreOctober 8, 2007 | Now Is the Worst Possible Time to Leave BasraReidar Visser: I criticize the British for their intention to hand over Basra to the Iraqi army as early as November. Competing Shiite parties have a strong desire to control the oil-rich region, and the potential for internal violence once the British leave is high. ... MoreGlobal Must Read ArticlesOctober 7, 2008 | Russia is DyingWe are too easily impressed by the Russian bear. ++ “Moscow remains bent on ignoring the devastating truth: The nation is not just sick but dying.” ++ The population is declining, the economy is totally dependent on oil revenues, and the public health crisis “verges on the catastrophic.” ++ AIDS, tuberculosis, alcoholism, heart disease, and smoking are killing Russians at an alarming rate. ++ ... MoreSeptember 19, 2008 | Volatile Oil Prices Signal Looming Market MeltdownOil prices spiked to US$147 per barrel and then dropped to $90, demonstrating their dangerous volatility. ++ The US approach to oil price regulation is ineffective. ++ Global oil price benchmarks are now largely based on Black Sea crude oil (Brent), a relatively small reserve. ++ With increasing amounts of money invested in the oil market, speculation bubbles are more likely. ++ Oil price risks ... MoreAugust 15, 2008 | The World Needs an "Arctic Authority"The Arctic Circle contains 13 percent of the world’s untapped oil supplies. ++ But a clash of interests between businesses, NGOs, and the five different governments who claim rights to the region’s energy resources is likely to cause a delay in drilling. ++ Existing international institutions cannot deal with the impending disputes. ++ Therefore, an “Arctic Authority” is required to make ... MoreAugust 12, 2008 | The West and the Georgian-Russian ConflictThe current conflict is not only about Russia and Georgia, but also represents the US-Russian competition for control over the strategically important transit routes for oil and gas. ++ The Georgian President must have aimed at American involvement when he attacked Russia, because he knows only the US is able to enforce a solution advantageous for Georgia. ++ The West is now challenged by ... MoreJune 23, 2008 | Bribing Voters With a Populist Energy PolicyJohn McCain intends to subsidize domestic drilling and cut taxes to “free” the US of its dependence on foreign oil. ++ However, the basic rules of microeconomics doom this popular yet cynical energy policy to failure. ++ American gas prices would still be linked to global supply, demand would remain high, and the environmental consequences would be disastrous. ++ A transition to alternative ... MoreJune 17, 2008 | Sudan Flouts its International ObligationsIf the international community remains inactive regarding Sudan, its outrage could end up being regarded as hollow. ++ With the help of the International Criminal Court, France, Britain, and the US should pursue a strategy for concomitant peace and justice. ++ To avoid the country’s disintegration, leaders in Khartoum need to be threatened with ICC prosecution. ++ Since there is currently no ... MoreMay 29, 2008 | US Iran Policy Requires More FlexibilityIran cannot be prevented from acquiring nuclear power capabilities. ++ The US should therefore favor negotiation with the regime over the current threats and sanctions driven policy which merely provides for hostile relations. ++ Since “a successful approach to Iran has to accommodate its security interests and ours,” strategic deterrence should prove effective. ++ Additionally, cooperation could ... MoreMay 28, 2008 | Oil Prices Have Reached Their Break PointThere are three factors underlying the current rise in oil prices: rising global demand, increased costs for oil producers, and the relatively short time span in which supply has yet to adapt to these increased pressures. ++ Timely and efficient investment needs to be encouraged in resource-holding countries to improve supply. ++ However, oil has already reached its break point and is starting to ... MoreMay 16, 2008 | The Future Should be Energy EfficientGrowing oil prices and diminishing supplies of natural resources increasingly give rise to doubts regarding the long-term stability of an economy that relies on fossil fuels. The underlying assumption of pessimistic analyses based on the “peak oil” theory is that oil production reached its highest level long ago and will decline continuously from now on - while demand keeps growing. This means we ... MoreMay 7, 2008 | What Will Follow US Dominance?The end of the unipolar world is approaching. The unipolar world emerged after the collapse of the Soviet Union when the bipolar era of the cold war came to an end. Yet just after one decade and a half of US supremacy, the international system is once again in the face of enormous tectonic change: In his recent essay for Foreign Policy, Richard N. Haass declares we live in a century of ... MoreMay 6, 2008 | The Threat of the New Middle EastThe old Middle East and the secular nationalism that went along with it is being replaced by a new, modern Middle East in which political Islam and anti-Western nationalism play a decisive role. ++ There is now a serious threat of “a confrontation between Iran and Saudi Arabia for sub-regional supremacy, and between Iran and the US for regional hegemony.” ++ The entire state system in the ... MoreMarch 18, 2008 | Saudi Arabia: Between Reform and Preserving PowerThe Kingdom of Saudi Arabia has come to play a peculiar role on the Arabian Peninsula. This country has the largest petroleum resources in the world, is the home to the most important historic holy sites of Islam, and entertains good relations with the United States. In addition, Saudi Arabia is diplomatically one of the most dynamic countries of the region, whether with respect to the ... MoreOctober 19, 2007 | Big Oil Getting SmallerControl of the world’s oil is in a smaller and smaller number of hands, writes Sacha Kumaria on Yale Global Online. Rising oil prices — analysts predict $100 per barrel by the end of 2007 — has fuelled increasing competition between independent oil companies (IOC’s) such as Exxon Mobil and national oil companies (NOC’s). However, the world’s largest oil companies plan ... MoreOctober 11, 2007 | Turkmenistan-Kazakhstan Ambitions For Energy TransportationTransportation of energy resources was top of the agenda during a recent talk between the presidents of Kazakhstan and Turkmenistan, reports News Central Asia. Presidents Nazarbaev and Berdymuhamedov said their countries had reached an agreement on cooperation for transit and transportation of energy resources. Until now Kazakhstan’s energy exports have been dependant on the Russian ... MoreAugust 29, 2007 | The Increasing Importance Of Africa in US Trade RelationsPrinceton Lyman, former US ambassador to Nigeria and South Africa, writes together with Council on Foreign Relations director Patricia Dorff that the United States must recognize Africa’s growing significance and improve the assistance it currently provides to the continent. The United States currently imports 15 percent of its oil from Africa, equal to its share from the Middle East, and ... MoreAugust 14, 2007 | How US Investors Could Stop The Darfur GenocideMia Farrow and Jody Williams provide possible explanations in Opinion Journal for the ongoing violence in Darfur. According to Ms. Farrow and Ms. Williams, one of the primary reasons is the investment of US-based investment funds such as Fidelity in companies like PetroChina or Sinopec. These companies are subsidiaries of the Chinese National Petroleum Company (CNPC), which is exporting about ... MoreMay 18, 2007 | ISN Looks At Nigeria After the ElectionsAlthough elections for the Senate and the President were held in April, Nigeria’s (democratic) future remains uncertain, writes Dulue Mbachu of ISN Security Watch. According to the Transition Monitoring Group (TMG), the first vote was accompanied by violence. The presidential election was calmer, but observers claim more fraudulent. Conversely, the government-appointed election commission ... MoreApril 17, 2007 | Erica Downs on Chinese EnergyThe rapid rise of China as an economic and industrial power has put new demands on Beijing’s energy policy, reports Erica Downs of Brookings. Once self-sufficient in oil, China is now the world’s third-highest oil importer, and energy security is a clear focus of China’s foreign and domestic policies. As Beijing tries to balance administrative and market mechanisms, there is a struggle to create ... MoreApril 16, 2007 | Christoph Bertram on Gently Nudging Iran to Play BallThe United Nations approach to halting the Iranian nuclear program is a deepening hole that the Security Council and Germany should “stop digging,” says Christoph Bertram, the former director of the German Institute for International and Security Affairs in Berlin and a member of the Atlantic Initiative Advisory Board. Bertram notes that attempts at sanctioning Iran have heightened Tehran’s ... MoreCommentsSeptember 3, 2008 | The US possesses an extraordinary opportunity...September 2, 2008 | Russia, Iran and Venezuela all have different...February 29, 2008 | I can't agree that the state accumulation of...February 28, 2008 | The Russian state under Vladimir V....February 8, 2008 | Dear Ms. Alizadeh, you raise a lot of...February 6, 2008 | I totally fail to understand how a system that... |
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