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81. Ending Dependence: Hard Choices for Oil-Exporting States

Author:
John V Mitchell and Paul Stevens
Publication Date:
07-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Since 2003, countries whose economies depend on the export of oil and gas have enjoyed a surge of revenue driven by rising oil prices and, in some countries, rising export volumes. The press has captured petroleum-fuelled prosperity in images of futuristic construction plans and the rocketing assets of sovereign wealth funds. However, this obscures important differences among oil and gas exporters in terms of reserves size and social development challenges. Based on a major study of twelve hydrocarbon-exporting countries, this report shows that the boom does not guarantee economic sustainability for these countries, most of which face hard policy choices over domestic consumption, development spending and rates of economic growth. The report estimates the timeframes these countries have in which to make the necessary changes and examine their prospects for success given the existing human, institutional and technical capacity, competitive advantages, infrastructure and access to capital.
Topic:
Development, Energy Policy, Oil, International Security, and International Affairs
Political Geography:
Middle East

82. Iran: Breaking the Nuclear Deadlock

Author:
Richard Dalton(ed.)
Publication Date:
12-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
The dispute over Iran's nuclear programme is deadlocked. Five years of negotiations, proposals, UN resolutions and sanctions have failed to achieve a breakthrough. As diplomacy struggles and Iran continues to advance its nuclear capabilities, the issue becomes ever more grave and pressing.
Topic:
International Relations, Foreign Policy, Oil, Weapons of Mass Destruction, and International Security
Political Geography:
United States, Europe, Iran, and Middle East

83. PolicyWatch #1416: OPEC Deliberates: A Saudi Opportunity

Author:
Simon Henderson
Publication Date:
10-2008
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Today, oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet in Vienna to discuss a possible production cut. Originally planned for November, the meeting was brought forward because of falling oil prices. With the perilous state of world financial markets, seldom has an OPEC meeting been so critical for both itself and the world. Although hard hit by falling revenues, oil market conditions give Saudi Arabia the opportunity to show strong leadership, most likely by limiting any production cut. But the oil-consuming nations would prefer no cut at all, so any reduction would discomfit relations between Washington and Riyadh. The kingdom was unhelpful as prices rose above $100 per barrel months ago, and both presidential candidates have called for independence from foreign -- implying Saudi -- oil.
Topic:
Oil
Political Geography:
Washington, Middle East, Arabia, Arab Countries, and Saudi Arabia

84. PolicyWatch #1425: Interfaith, Oil, and Afghanistan: Where Saudi and U.S. Interests Diverge

Author:
Simon Henderson
Publication Date:
11-2008
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Saudi king Abdullah is in the United States this week to discuss issues of considerable interest to both countries. Tomorrow and Thursday, he is in New York City for an interfaith meeting he is sponsoring and which President Bush will be attending. On Friday and Saturday, the Saudi monarch will be at the White House, where he will be the sole Islamic or Arab representative at a summit of major economic powers discussing the world financial crisis. In a separate meeting with President Bush, he is expected to report on Saudi mediation efforts with the Taliban in Afghanistan. Despite some common interest in all these areas, perspectives differ significantly on issues such as radical Islam and the price of oil. The United States, particularly during a time of presidential transition, should be careful not to concede ground on continuing points of disagreement.
Topic:
Economics and Oil
Political Geography:
Afghanistan, United States, Middle East, Asia, and Saudi Arabia

85. Oil for Soil: Toward a Grand Bargain on Iraq and the Kurds - Middle East Report N°80

Publication Date:
10-2008
Content Type:
Working Paper
Institution:
International Crisis Group
Abstract:
A long-festering conflict over Kirkuk and other disputed territories is threatening to disrupt the current fragile relative peace in Iraq by blocking legislative progress and political accommodation. Two events in particular stand out: a two-month stalemate in July-September in negotiations over a provincial elections law in which Kirkuk's unresolved status was the principal obstacle and, during this period, a campaign by the Iraqi army in and around the Kurdish-controlled disputed district of Khanaqin. To avoid a breakdown over the issue of Kirkuk, the current piecemeal approach should be discarded in favour of a grand bargain involving all core issues: Kirkuk and other disputed territories, revenue sharing and the hydrocarbons law, as well as federalism and constitutional revisions. Despite some progress, Iraq's legislative agenda, promoted by the U.S. in order to capitalise on recent security gains, is bogged down. The main culprit is a dispute over territories claimed by the Kurds as historically belonging to Kurdistan - territories that contain as much as 13 per cent of Iraq's proven oil reserves. This conflict reflects a deep schism between Arabs and Kurds that began with the creation of modern Iraq after World War I; has simmered for decades, marked by intermittent conflict and accommodation; and was revitalised due to the vacuum and resulting opportunities generated by the Baath regime's demise in 2003. In its ethnically-driven intensity, ability to drag in regional players such as Turkey and Iran and potentially devastating impact on efforts to rebuild a fragmented state, it matches and arguably exceeds the Sunni-Shiite divide that spawned the 2005-2007 sectarian war. Stymied in their quest to incorporate disputed territories into the Kurdistan region by constitutional means, Kurdish leaders have signalled their intent to hold politics in Baghdad hostage to their demands. At the same time, the Iraqi government's growing military assertiveness is challenging the Kurds' de facto control over these territories. Rising acrimony and frustration are jeopardising the current relative peace, undermining prospects for national unity and, in the longer term, threatening Iraq's territorial integrity. Rather than items that can be individually and sequentially addressed, Iraq's principal conflicts - concerning oil, disputed territories, federalism and constitutional revisions - have become thoroughly interwoven. Federalism cannot be implemented without agreement on how the oil industry will be managed and revenues will be distributed. Progress on a federal hydrocarbons law and a companion revenue-sharing law is inconceivable without agreement on the disposition of disputed territories that boast major oil fields, such as Kirkuk. And the constitution review has faltered over failure to settle all those questions, the solutions to which will need to be reflected in amendments reached by consensus. How to move forward? If there is a way out, it lies in a comprehensive approach that takes into account the principal stakeholders' core requirements. A sober assessment of these requirements suggests a possible package deal revolving around a fundamental "oil-for-soil" trade-off: in exchange for at least deferring their exclusive claim on Kirkuk for ten years, the Kurds would obtain demarcation and security guarantees for their internal boundary with the rest of Iraq, as well as the right to manage and profit from their own mineral wealth. Such a deal would codify the significant gains the Kurds have made since they achieved limited autonomy in the wake of the 1991 Gulf War and especially after April 2003, while simultaneously respecting an Arab-Iraqi - as well as neighbouring states' - red line regarding Kirkuk. This package entails painful concessions from all sides, which they are unlikely to make without strong international involvement. The UN Assistance Mission for Iraq (UNAMI) has been providing technical support on a range of issues and, since late 2007, has devoted the bulk of its efforts to the question of disputed internal boundaries. It will need stronger backing from the U.S. and its allies, which have an abiding interest in Iraq's stabilisation yet have played a passive bystander role that has confused Iraqi stakeholders and encouraged them to press maximalist demands. The U.S. should make it a priority to steer Iraq's political actors toward a grand bargain they are unlikely to reach on their own and to secure its outcome through political, financial and diplomatic support. There is little time to waste. As U.S. forces are set to draw down in the next couple of years, Washington's leverage will diminish and, along with it, chances for a workable deal. This serves no one's interest. The most likely alternative to an agreement is a new outbreak of violent strife over unsettled claims in a fragmented polity governed by chaos and fear.
Topic:
Security, Ethnic Conflict, and Oil
Political Geography:
Iraq and Middle East

86. PolicyWatch #1300: The Consequences of $100 Oil

Author:
Simon Henderson
Publication Date:
11-2007
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Over the next few days, oil is likely to break the $100 per barrel mark -- a price that will further raise U.S. consumer costs and conflict with economic measures such as the October 31 interest rate cut. Ironically, good news, such as predictions of greater economic growth, is just as likely to push oil prices above $100 as bad news. In either case, the price spike means both continuing danger and new opportunities for U.S. policy in the Middle East.
Topic:
Energy Policy and Oil
Political Geography:
United States and Middle East

87. The New Energy Security: 2005 Global Oil and Gas Forum

Author:
John A. Riggs
Publication Date:
01-2006
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
Energy security means different things to different countries. Importing countries primarily focus on supply. Since the oil price shocks of the 1970s, the focus of energy security has been on achieving adequate supplies at reasonable prices, without incurring serious disruptions. Recent high prices have intensified this concern and renewed interest in policies to bring prices down.
Topic:
Security, Energy Policy, and Oil
Political Geography:
Russia, China, Europe, Middle East, India, Asia, and Saudi Arabia

88. Energy: The New Normal?

Author:
John A. Riggs
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Aspen Institute
Abstract:
The title of the 2006 Energy Policy Forum—Energy: The New Normal? — raises two primary questions: has the world crossed a threshold into a qualitatively different energy environment in which the era of cheap and plentiful energy is over, and does the interaction of energy issues with other considerations, such as national security, foreign affairs, and global climate change, require fundamentally new ways of thinking about U.S. energy policies?
Topic:
Energy Policy, Environment, and Oil
Political Geography:
United States and Middle East

89. Al-Qaeda Attack on Abqaiq: The Vulnerability of Saudi Oil

Author:
Simon Henderson
Publication Date:
02-2006
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
The February 24 attack by al-Qaeda on Saudi Arabia's giant oil processing facility at Abqaiq failed. At least two of the attackers were killed, along with two security guards. On February 27, Saudi authorities said they had killed another five terrorists linked to the Abqaiq attack in a clash in Riyadh, and they were interrogating a further suspect. The failure of the attack and the reported success of the subsequent counterterrorist operation give the impression of Saudi efficiency, but it should at least as much serve as a warning. The planned attack, targeting the world's largest oil exporter, should give impetus to President Bush's determination, declared in his January State of the Union address, to wean the United States off foreign oil.
Topic:
Conflict Resolution, Economics, and Oil
Political Geography:
Middle East, Arabia, and Saudi Arabia

90. New rules for a new 'Great Game'

Author:
Anthony Bubalo and Mark P Thirlwell
Publication Date:
11-2006
Content Type:
Policy Brief
Institution:
Lowy Institute for International Policy
Abstract:
Strongly growing demand for oil, the sharp run up in prices since mid-2003 and tight supply, have seen energy insecurity return to the international policy agenda. Fears have been raised that China's emergence as a voracious consumer of oil and gas and a keen competitor in global energy markets might imperil the largely cordial relationship that has developed between Beijing and Washington over the last decade. There is also a risk that the competition for energy resources could feed into the less than cordial relations between China and Japan. The purpose of this Policy Brief is to examine the risks that the competition for oil resources might pose for international security, focusing in particular on the relationships between the United States, Middle East oil producers and major Northeast Asian energy consumers, and to propose a mechanism for defusing some of the risks that this competition could entail.
Topic:
Energy Policy, International Organization, International Political Economy, and Oil
Political Geography:
United States, Japan, China, and Middle East