Room for Growth
May 16, 2011
Politicians in Washington are grappling with how to address rising gasoline prices, but most of their answers—from repealing tax breaks for oil companies to expanding offshore drilling—are unlikely to make much of a difference any time soon. The Arab awakening, coupled with Iran’s accelerated pursuit of nuclear weapons, ensures that energy prices will likely remain elevated for a long time. In the near- and long-term, those events are leading to less energy produced and exported from the Middle East and North Africa than there otherwise would be, as well as greater risk to their transport.
The SE&Ds of Change
July 27, 2009
China has arrived ... again. Beijing is growing confident enough in its own power and position in the world that it is increasingly and actively influencing world events. It can choose--and has chosen, in many cases--to play a helpful role in tackling shared threats. But China has also been standing its ground on disagreements with the United States.