With conflict on two fronts, and natural gas squarely in the crosshairs, the U.S. LNG industry will be needed to maintain commitments and support allies and trading partners in both Europe and Asia this winter.
Steven R. Miles, Gabriel Collins, Anna B. MikulskaAugust 17, 2022
Proactive U.S. efforts to enhance Europe’s gas security and blunt Russia’s ability to use gas for hybrid warfare would directly support its ability to sustain and upgrade its combat credibility in East and Southeast Asia. By incentivizing upstream gas investments globally through the demand call associated with a broader European move to replace Russian gas with LNG, gas geoeconomics would over the medium term also help increase global LNG supply to the ultimate benefit of U.S. allies in Asia, foremost among them Japan and South Korea.
Gabriel Collins, Anna B. Mikulska, Steven R. MilesAugust 4, 2022
The authors explain why, over the next decade, gas geoeconomics policies can enhance energy security, solidify market liberalization, and also reduce emissions by maximizing the use of clean-burning natural gas. Central and Eastern Europe offer fertile ground for interested countries to partner with the United States in this policy direction.
Gabriel Collins, Anna B. MikulskaSeptember 9, 2020
Despite its massive geological endowment and receiving what could be considered the largest windfall in its economic history, Venezuela entered 2020 in the middle of an unprecedented economic crisis. The Covid-19 pandemic and turbulence in oil markets represent the latest in a string of problems that expose the country’s vulnerability.
To avoid the resource curse, nonresident fellow Todd Moss proposes a direct cash dividend to drive macroeconomic benefit, alleviate poverty and create incentives that drive demand for transparency and sound management.
This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”
The authors examine merits of using a gas geoeconomics approach to develop U.S. and EU policy options to bolster gas supplies and national security in Europe.
Public finance fellow Thomas Hogan analyzes the relationship between bank lending and the Federal Reserve's policy of paying interest on excess reserves (IOER).