Center Director Jason Bordoff and Columbia Graduate Student Akos Losz write about the causes and consequences of the 2014 oil price drop in Horizons Magazine (Spring 2015 / Issue No.3).
The Center’s research agenda emphasizes an economic and geostrategic approach to key energy policy areas. Current research programs encompass a wide variety of specific studies and topics, focused both on U.S. policy and specific regions around the world. Below is a list of research reports and working papers authored by Center staff and Fellows, ordered by most recent publication date.
Today the Center on Global Energy Policy released a new study, The Renewable Fuel Standard: A Path Forward, authored by Dr. James Stock, a former Member of the President’s Council of Economic Advisers and now a Harvard economist and non-resident Fellow at the Center.
Richard Nephew, Program Director for Economic Statecraft, Sanctions and Energy Markets at the Center on Global Energy Policy, reacts to the announcement today regarding the parameters for a Joint Comprehensive Plan of Action agreed to by the P5+1 and Iran. The views expressed here are his own.
This issue brief, authored by Richard Nephew, Program Director for Economic Statecraft, Sanctions and Energy Markets at the Center on Global Energy Policy, examines the possible application of new sanctions against Iran if a deal is not achievable between Iran and the P5+1. Nephew concludes that new sanctions would be a far riskier strategy to pursue than a successful negotiation and outlines the best way to design a sanctions regime if, unfortunately, it is needed. The brief reviews the logic of sanctions and how they can be best calibrated to achieve desired effects, drawing on lessons from past sanctions experience. Nephew is a former director for Iran at the U.S. National Security Council and was a member of the U.S. nuclear negotiating team with Iran from August 2013 to December 2014. The views expressed here are his own.
Today the Center on Global Energy Policy released a new study, "The US Shale Gas Revolution and its Impact on Qatar's Position in Gas Markets", that examines how Qatar may be impacted by major changes to the global LNG market, especially the development of US LNG exports, what those changes mean for Qatar’s revenues and the options it has to respond to new global competition. The study, a collaboration with the Oxford Energy Institute for Energy Studies, was co-authored by Bassam Fattouh, Howard Rogers and Peter Stewart.
Sanctions imposed by the United States and its partners against Iran’s oil sector have had a major impact in debilitating both the sector itself and the broader economy. It is likely that this sector will be the target of additional pressure should the international sanctions campaign against Iran be renewed in full. This issue brief, authored by Richard Nephew, Program Director for Economic Statecraft, Sanctions and Energy Markets at the Center on Global Energy Policy, examines the recent history of Iran oil sanctions and seeks to draw lessons for their renewed application.
CGEP Fellow Colin Fenton recently discussed why oil prices fell in 2014 and the broader implications and risks of a collapse in oil prices at the Oslo Energy Forum in February 2015.
As the debate around US crude oil exports grows and Pemex is reported to have sought a license to export crude to the US as part of an exchange, the Center on Global Energy Policy today released a new issue brief that examines the potential for crude exchanges from the Mexican perspective, including the reasons Mexico might seek additional supplies and under what conditions it would make sense. The brief was authored by Center Fellow Adrian Lajous, who served as the Director General of Pemex (CEO) and Chairman of the boards of the Pemex group of operating companies from 1994 to 1999. The views expressed are those of the author.
Today the Center on Global Energy Policy released a new study, Navigating the U.S. Oil Export Debate, that reviews the origin and current form of U.S. crude export restrictions and analyzes the energy market, economic, security, geopolitical, trade and environmental implications of modifying or lifting those restrictions. The study, a collaboration between the Center and the Rhodium Group, was co-authored by Jason Bordoff and Trevor Houser.
The steep decline in crude prices over the past five months has put a spotlight on many oil exporting countries and the pressures they face due to lower revenues. As part of the Center on Global Energy Policy’s examination of the effect of lower prices on the global economy and geopolitics, Center Fellow Adrian Lajous explored the implications for Mexico in the following policy brief. Mr. Lajous served as the Director General of Pemex (CEO) and Chairman of the boards of the Pemex group of operating companies from 1994 to 1999. The views expressed here are those of the author.