Senior Fellow Elizabeth Rosenberg calls for policymakers and military leaders to reassess U.S. strategy to “safeguard the physical oil trade, new criteria for the use of strategic reserves, new potential energy export opportunities and new possibilities for energy-focused trade arrangements.” The author states that civilian and military leaders must adapt policies and recast strategic relationships and military commitments to better-fit complex and volatile global energy markets.
*An earlier version of this report contained errors in Figure 1. They have been corrected.
More from CNAS
VideoBetter than Crypto? Why central banks are racing to launch digital currencies
Emily Jin discusses the race for governments to regulate and create their own digital currency. Watch the full conversation from Deutsche Welle....
By Emily Jin
CommentaryOPEC Standoff: Resetting market share
Producers such as the UAE want to make money from their assets today and set up robust future asset streams that will be robust to the shift to net zero production....
By Rachel Ziemba
VideoBank of Russia Hiked Rates
Elina Ribakova discusses how the spike in Covid-19 cases and new restrictions could affect the Russian economy with Bloomberg's Alix Steel and Guy Johnson. Watch the full vid...
By Elina Ribakova
ReportsSanctions by the Numbers: Spotlight on Venezuela
As Venezuela battles a protracted financial and humanitarian crisis, U.S. sanctions on the country have emerged as controversial. This has sparked debate on whether the increa...
By Jason Bartlett & Megan Ophel