Indonesians’ public discourse about their country’s international profile has shifted dramatically over the past few months.
New oil and gas discoveries across Africa have raised hopes among governments and citizens alike of significant investments and revenues that will drive economic growth and development well beyond the energy sector. The recent collapse of oil prices and broader uncertainty in energy markets leaves the timetable for capitalizing on these discoveries uncertain.
The North American energy landscape has shifted in significant ways. New development of abundant tight oil and unconventional natural gas resources creates an historic opportunity to enhance economic growth throughout North America and improve the region’s competitiveness in global markets.
Maintaining international security and pursuing American interests is more difficult now than perhaps at any time in history. The security environment that the United States faces is more complex, dynamic, and difficult to predict. At the same time, no domestic consensus exists on the purposes of American power and how best to pursue them.
The recent decline in world oil prices is likely to constrain economic growth and investment in the Caspian region.
The steep decline in global oil prices has dealt a blow to earnings for many energy-exporting states, pushing their finances and investment projects over the red line.
On June 2, 2014 the Environmental Protection Agency (EPA) released its draft Clean Power Plan (CPP), a proposed rule to regulate carbon dioxide from the nation’s existing fossil fuel-fired generation facilities. As the central pillar of the Obama Administration’s strategy for addressing climate change, the draft rule’s release was both highly anticipated and contentious.
Lately President Vladimir Putin of Russia has transformed what others saw as either his tactical nimbleness or dangerous unpredictability into performance art. Putin’s actions may not always achieve a positive result, however. The annexation of Crimea and expanding conflict in Donbas in Ukraine caused severe damage to the Russian economy and to the standard of living of average Russians.
New Perspectives in Foreign Policy is published by the Center for Strategic and International Studies (CSIS) to provide a forum for young professionals to debate issues of importance in foreign policy. Though New Perspectives seeks to bring new voices into the dialogue, it does not endorse specific opinions or policy prescriptions.
The rapid drop in oil prices over the past six months has spawned a wide range of (at times, conflicting) conspiracy theories on how and why oil prices are falling.