Category: Global Energy Center

If the Middle East conflict gets worse, don’t hesitate to tap the US Strategic Petroleum Reserve

The ongoing Israel-Iran hostilities risk disrupting global oil markets and reigniting inflation. But the United States and its allies should not hesitate to release strategic reserves if this conflict threatens to spike oil prices. The US Strategic Petroleum Reserve (SPR) of crude oil is currently well-stocked for domestic needs. After accounting for fifty-two-week averages of

As Middle East tensions simmer, the world fixates on the wrong energy market risks

As the anniversary of Hamas’ devastating October 7 attack on Israel approaches and the escalation of the Israel-Gaza war continues, tensions in the Middle East show no signs of receding. Iran’s role in supplying, training, and facilitating attacks from Hamas, Hezbollah, and the Houthis is well-known, but fears persist that dismantling this network will lead

Dispatch from Kyiv: Ukraine is fighting for its economic survival, too

Imagine a country exporting nearly 90 percent of the wheat and corn it did before losing control of a sixth of its territory. Consider facing daily air raids targeting vital infrastructure while still keeping the lights on and the internet running. These are some of the many impressive achievements of the Ukrainian economy in the

Does Taiwan’s massive reliance on energy imports put its security at risk?

Russia’s full-scale invasion of Ukraine has launched many useful comparisons about how Ukraine’s efforts to survive and repel Russian forces might be applicable to Taiwan’s defense against a potential attack by the People’s Republic of China (PRC). Taiwan and its partners, for example, could directly apply a number of military and economic statecraft lessons against

China’s support may not be ‘lethal aid,’ but it’s vital to Russia’s aggression in Ukraine

It’s the conventional wisdom in Washington and in most European capitals: China is only providing limited support to Russia’s invasion of Ukraine. In Beijing, meanwhile, officials attempt to portray neutrality, emphasizing that the People’s Republic of China (PRC) is not providing weapons to Russia. As PRC leader Xi Jinping told Ukrainian President Volodymyr Zelenskyy in a recent call,