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For the United States, new questions are emerging about the economic impact of lower oil prices. The US is now the world’s largest petroleum producer and consumer, so lower prices creates both economic winners and losers. This policy brief explores the overall economic impacts of a sharp drop in oil prices for the United States.

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A combination of slowing global demand, recovering Libyan output, and strong US supply growth has caused a steep decline in oil prices. Many oil market participants are now eyeing OPEC, and specifically Saudi Arabia, to see if it will reduce production in order to support oil prices. Robert McNally, fellow for the Center on Global Energy Policy and President of The Rapidan Group, explores this complex issue and its repercussions in the following policy brief. The views expressed are his own.

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The Center on Global Energy Policy released a new report today, "American Gas to the Rescue? The Impact of US LNG Exports on European Security and Russian Foreign Policy,” co-authored by Jason Bordoff, Founding Director, Center on Global Energy Policy, and Trevor Houser, Partner, Rhodium Group. As Western governments have responded to Russia’s continued efforts to destabilize Ukraine, the potential for US natural gas exports to inflict economic pain on Moscow and undermine its influence in Europe have made for some eye-catching headlines. To cut through the hyperbole surrounding this issue, the authors undertook a study that provides a cool-headed examination of the impact of US LNG exports on European energy security and Russian foreign policy.

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During July 2014, a team led by Columbia University’s Center on Global Energy Policy conducted several dozen interviews on Chinese shale gas policies. Individuals interviewed were from central government ministries, provincial government ministries, state-owned enterprises, independent oil and gas companies, oil and gas service companies, law firms, environmental groups, consultancies and universities. The team also surveyed the Chinese and English-language literature on the Chinese shale gas sector. Based on those interviews and that research, the team provides this report as a resource for discussions in the months and years ahead.

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To provide background and context for improved understanding of the current situation in Iraq, the Center on Global Energy Policy is pleased to present an Issue Brief on Iraq’s Oil Sector providing facts about Iraq’s potential production, reserves, current production, pipeline network, refineries, and foreign investment. We hope you find it a useful resource.

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The Center on Global Energy Policy is pleased to present a new analysis from Adrian Lajous, CGEP Fellow and former CEO of Pemex, on Mexican Energy Reform.

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