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April 15, 2020

Oil and Petroleum Products
FAQ: A Shale New Deal

This is a guest post by Hunter Kornfeind, intern for Energy and Climate Policy at the Council on Foreign Relations and current student at Temple University. A breakthrough agreement between major …

A horizontal drilling rig on a lease owned by Parsley Energy operates at sunrise in the Permian Basin near Midland, Texas U.S. August 24, 2018.

August 17, 2005

Emerging Markets
Fuel subsidies (and fuel shortages) in emerging economies

If you care to head to Baghdad - and are willing to wait in line - you can fill up your car with premium gasoline for 3.3 cents a liter (around 13 cents a gallon).  Basic gasoline goes for just more …

October 20, 2011

Defense and Security
Defense, Foreign Aid, and the Las Vegas Debate

GOP presidential candidates on stage at the CNN Western Republican debate in Las Vegas on October 18, 2011. R(Richard Brian/courtesy Reuters) I like political debates. They offer candidates a chance…

GOP presidential candidates (L-R) former Pennsylvania Senator Rick Santorum, Rep. Ron Paul (R-TX), Herman Cain, former Massachusetts Governor Mitt Romney, Texas Governor Rick Perry, former House of Representatives Speaker Newt Gingrich and Rep. Michele Bachmann (R-MN) stand on stage at the CNN Western Republican debate in Las Vegas, Nevada October 18, 2011. REUTERS/Richard Bria

April 11, 2013

United States
Funding Foreign Policy for National Security: Obama’s Civilian Power Budget

The Obama administration’s $3.8 trillion budget request to Congress, released Wednesday, calls for $47.8 billion in discretionary funding for the Department of State and the U.S. Agency for Internati…

U.S. Secretary of State John Kerry waves as he leaves Ankara

August 8, 2006

Monetary Policy
A couple of (mental) light bulbs …

I spend a lot of time thinking about reserves.  And I have long been puzzled by the modest April increase in China's reserves.   China’s trade surplus was solid.  There is no particular reason to thi…