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In this Friday, July 17, 2009 file photo, an Iraqi worker operates valves at the Nahran Omar oil refinery near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq.

(AP Photo/Nabil al-Jurani, File)

Press Release - Belfer Center for Science and International Affairs, Harvard Kennedy School

New study by Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity, and risk of price collapse

| June 2012

A new study by Belfer Center fellow Leonardo Maugeri shows that oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020. This could prompt a plunge or even a collapse in oil prices. The findings by Maugeri, a former oil industry executive who is now a fellow in the Geopolitics of Energy Project in the Kennedy School’s Belfer Center for Science and International Affairs, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

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News

Robert Kaplan warns of increased competition in the Indian Ocean and the “arrival of the Asian Century”

Nov. 15, 2010

By Vilas Rao, Research Assistant, India and South Asia Program

The Indian Ocean will become a critical area of influence over the next century, according to journalist and author Robert Kaplan, reflecting on the findings of his new book Monsoon: The Indian Ocean and the Future of American Power.