Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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July 13, 2017
Fossil Fuels
Managing a Smaller U.S. Strategic Petroleum Reserve
Downsizing the U.S. Strategic Petroleum Reserve will have economic and foreign policy consequences that have not been fully considered. U.S. foreign policy should prioritize the management of these c…
July 11, 2017
Fossil Fuels
Using External Breakeven Prices to Track Vulnerabilities in Oil-Exporting Countries
The best single measure of the resilience of an oil- or gas-exporting economy in the face of swings in the global oil price is its external breakeven price: the oil price that covers its import bill…
September 10, 2012
Fossil Fuels
Lessons Learned From the 2011 Strategic Petroleum Reserve Release
Overview In this Working Paper, Blake Clayton analyzes the 2011 International Energy Agency (IEA)–coordinated release of strategic petroleum reserves to shed light on the political underpinnings a…
July 11, 2017
Energy and Environment
Interactive: Oil Exporters' External Breakeven Prices
The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a deca…
October 7, 1999
Trade
The Diminishing Returns to Export-Led Growth
Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…
