Energy & Economics

In his January 31 State of the Union address, President George W. Bush declared that America was "addicted to oil" and urged spending on technologies "to break [that] addiction." Noting that oil is often imported from unstable parts of the world, he set a goal of replacing more than 75

On November 29, 2005, Edward Morse, David Goldwyn, Simon Henderson and Paul Simons addressed The Washington Institute's Special Policy Forum. The forum, titled "Where Are Oil Prices Headed in 2006?" marked the publication of the Institute's policy focus, Reducing Vulnerability to Middle East Energy Shocks: A Key Element in Strengthening

Exploring continuities and changes, this book provides the historical backdrop crucial to understanding how Iranian pride and sense of victimization combine to make its politics contentious and potentially dangerous. From the struggle between the Shah and Ayatollah Khomeini to the current tension between the reformers and traditionalists, a central issue

On May 25, the presidents of Azerbaijan, Kazakhstan, Georgia, and Turkey inaugurated the Baku-Tbilisi-Ceyhan pipeline (BTC), a major artery linking oil fields in the Caspian Sea region to the Mediterranean Sea and Western markets beyond. It will take several months for oil pumped from Baku, Azerbaijan, to pass through Tbilisi

On March 1, British prime minister Tony Blair will host a conference in London dedicated to garnering support for the Palestinian Authority (PA). The summit is intended to help the new Palestinian leadership strengthen PA institutions, with a special focus on facilitating economic development, encouraging donor pledges, and identifying investment

As Iraqi elections rapidly approach despite an entrenched and violent insurgency, the country's economic challenges are extensive. The government is faced with the momentous task of transforming a war torn, state-dominated economy into a transparent, investment-friendly institution, all during the course of daily political violence. Problems Inherited from the Former

Rapidly growing Chinese oil demand was one of the key factors influencing discussions at this week's meeting of the Organization of Petroleum Exporting Countries (OPEC), convened in Vienna by ministers from OPEC member states. During the first eight months of 2004, Chinese oil imports surged by 40 percent compared with

The Organization of Petroleum Exporting Countries (OPEC) is meeting this week in Beirut, where the cartel is expected to confirm a higher production ceiling that should lead to a decrease in international oil prices. Nevertheless, the sharp price hikes seen during the past few weeks have rekindled questions about OPEC's

Over the past week, oil prices have exceeded $40 per barrel for the first time since the 1990 Iraqi invasion of Kuwait, and gasoline prices in parts of the United States are now more $2 per gallon. Contributing to this increase were heightened concerns about supply, particularly in the wake