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1. Don’t Count Out U.S. Oil Production as a Market-Shaper

Author:
Patrick Clawson
Publication Date:
03-2020
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Total U.S. production from all sources will remain the world’s largest no matter how low prices go, leaving Washington (and Texas) with considerable room to help domestic companies and press Riyadh and Moscow on stabilizing prices. Five years ago, U.S. shale production costs were so high that whenever oil prices dropped, the impact was felt first and foremost by American producers. Many commentators and media sources assume that is still the case, but the situation has changed dramatically. A recent IMF report with the dry title “The Future of Oil and Fiscal Sustainability in the GCC Region” listed the “breakeven price” for various sources of crude. Naturally, Gulf oil had the lowest cost at $18 per barrel, but the shocker was that U.S. shale came in second place at $22—50 percent below the average deepwater project, 80 percent below Canadian oil sands, and 90 percent below Russian onshore projects. Since costs vary widely, some projects presumably have a much lower breakeven price and some much higher, but the general findings are nonetheless striking. If the IMF is correct, then U.S. production should not be counted out, since the cost fundamentals are on its side. To be sure, the current market structure is not on U.S. shale’s side. Small U.S. producers have to raise money on financial markets and cannot rely on the deep government pockets available to producers in Russia and OPEC states. As a result, many are staring at a very dire situation.
Topic:
Oil, Natural Resources, Global Markets, Business, and Domestic politics
Political Geography:
North America and United States of America

2. Iran’s New Budget Is Tight, But Not Tight Enough

Author:
Patrick Clawson
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Rouhani has taken a remarkably austere fiscal approach ahead of the looming parliamentary election, but the country’s economic situation is still not sustainable over the long run. On December 8, following established procedures, President Hassan Rouhani visited parliament to present his budget for the Iranian year 2020/21, which begins in March. Notwithstanding the government’s rosy rhetoric, his spending proposals show the tough times the Islamic Republic is facing.
Topic:
Foreign Policy, Oil, Sanctions, Budget, Elections, and Economy
Political Geography:
Iran and Middle East

3. What Difference Would an Iran Deal Make?

Author:
Patrick Clawson and Mehdi Khalaji
Publication Date:
11-2014
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Implementing a nuclear agreement will be no easier than reaching one, and Washington will have little influence over what Iran decides to do over time about the deal.
Political Geography:
Iran and Washington

4. Post-Asad Syria: Opportunity or Quagmire?

Author:
Patrick Clawson
Publication Date:
02-2012
Content Type:
Working Paper
Abstract:
U.S. policy toward the continued rule of Syrian President Bashar al- Asad is partly based on the impact his rule has had in Syria. Asad's fall might not bring improvement for the Syrian people. But the argument that Asad, odious as he may be, provides stability now looks less and less convincing. Whether Asad stays or falls, the current Syrian unrest could have profound implications on the Middle East in at least four ways: the impact on Iran, Asad's closest strategic partner; the perception of the power of the United States and its allies; the stability of neighboring states; and the impact on Israel. The more Asad falls on hard times, the more Tehran has to scramble to prevent damage to its image with the “Arab street” and to its close ally, Lebanese Hizballah. Asad's overthrow is by no means assured, and U.S. instruments to advance that objective are limited. The U.S. Government decision to call for his overthrow seems to have rested on a judgment that the prospects for success were good and the payoff in the event of success would be high.
Topic:
Conflict Resolution, Security, Civil War, Government, and Insurgency
Political Geography:
United States, Middle East, Arabia, and Syria

5. The Iranian Opposition, the Nuclear Issue, and the West

Author:
Ray Takeyh and Patrick Clawson
Publication Date:
01-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
In the wake of Iran's June 2009 presidential election and the development of an opposition movement, analysts are confronted with two questions: What impact will international diplomacy regarding the nuclear issue have on Iran's domestic politics? And what impact will Iran's domestic politics have on the issues of most concern to the international community? The newly released Washington Institute report Much Traction from Measured Steps offers good, bad, and mixed answers.
Topic:
Nuclear Weapons and Weapons of Mass Destruction
Political Geography:
Iran, Washington, and Middle East

6. New Multilateral Consensus Emerges on Iran

Author:
Patrick Clawson and Matthew Levitt
Publication Date:
02-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
A February 18 report from the Financial Action Task Force (FATF), the Paris-based organization that sets global standards for combating money laundering and terrorism financing, revealed new details about Iran's ongoing activities in both realms. The same day, a new report from the Vienna-based International Atomic Energy Agency (IAEA) reached disturbing conclusions about Iran's past nuclear efforts while raising intriguing questions about technical problems the regime may be encountering. As global powers debate a fourth round of UN sanctions on Iran, these reports demonstrate growing international consensus on the nature of Iran's illicit conduct.
Topic:
International Cooperation, Nuclear Weapons, and Weapons of Mass Destruction
Political Geography:
Iran and Middle East

7. Ahmadinezhad's Bomb Rhetoric: Opportunities for U.S. Policy

Author:
Patrick Clawson
Publication Date:
08-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
On July 31, according to Iran's semiofficial Mehr News Agency, presidential chief of staff Esfandiar Rahim Mashai claimed that the West had raised no objections to President Mahmoud Ahmadinezhad's open proclamation that the Islamic Republic could build a nuclear bomb. How should this surprising claim be interpreted? And what implications might it hold for Iran's domestic politics, especially when viewed alongside Ahmadinezhad's history of confrontational rhetoric?
Topic:
Nuclear Weapons, Politics, and Weapons of Mass Destruction
Political Geography:
United States and Iran

8. What is the Purpose of the U.S. Foreign Terrorist Organizations List?

Author:
Patrick Clawson
Publication Date:
03-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The United States maintains a range of "terrorist lists," of which the Foreign Terrorist Organizations (FTO) list is one of the better known. But in two recent court cases, the U.S. government has offered arguments that raise questions about the purpose of the list.
Topic:
Foreign Policy and Terrorism
Political Geography:
United States

9. Analyzing the New UN Sanctions Proposal on Iran

Author:
Patrick Clawson, Jeffrey White, and Michael Singh
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The May 18 draft resolution proposing additional sanctions to curb Iran's nuclear program is backed by all five permanent members of the UN Security Council. Although this unanimity is the proposal's principal strength, it comes at the cost of making the draft weaker in some sections than ideas discussed previously by the Obama administration. The following is an analysis of some of the resolution's key elements.
Topic:
Arms Control and Proliferation, Nuclear Weapons, Treaties and Agreements, United Nations, Weapons of Mass Destruction, and Sanctions
Political Geography:
Iran and Central Asia

10. Lessons from the Iran Nuclear Developments

Author:
Patrick Clawson
Publication Date:
05-2010
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
In the fluid situation surrounding Iran's nuclear program, perhaps the safest bet is to expect more surprises. Despite the promising draft circulated on May 19, it is not clear how meaningful a sanctions resolution adopted by the UN Security Council will be, even if it is adopted soon. Nor is it clear how vigorously Brazil and Turkey will pursue the trilateral agreement that the two countries reached with Iran on May 16. All the same, important lessons can be drawn from this week's developments.
Topic:
Arms Control and Proliferation, Nuclear Weapons, Treaties and Agreements, United Nations, and Weapons of Mass Destruction
Political Geography:
Iran, Central Asia, Turkey, and Brazil