Policy Briefs & Testimonies

The influence of oil on conflict is often poorly understood. In U.S. public debates about the 1991 and 2003 Iraq wars, both sides focused excessively on the question of whether the United States was fighting for possession of oil reserves; neither sought a broader understanding of how oil shaped the preconditions for war.

A new study by Belfer Center Geopolitics of Energy researcher Leonardo Maugeri finds that oil production capacity is surging throughout the world, but the United States in particular will experience unprecedented output as a result of technological advances and some unique attributes. This increased production will not be without challenges, however, as the drilling industry adapts to this relatively new method and overall output depending greatly on price stability. In the end, the U.S. may yet still import oil from other countries. The findings by Maugeri, a former oil industry executive who is now a fellow at Harvard Kennedy School’s Belfer Center, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

A new study by Belfer Center Geopolitics of Energy researcher Leonardo Maugeri finds 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 at Harvard Kennedy School’s Belfer Center, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.

New Harvard Kennedy School research finds that energy research, development, and demonstration (ERD&D) funding by governments and 100 percent government-owned enterprises in six major emerging economies appears larger than government spending on ERD&D in most industrialized countries combined. That makes the six so-called BRIMCS countries—Brazil, Russia, India, Mexico, China, and South Africa—major players in the development of new energy technologies. It also suggests there could be opportunities for cooperation on energy technology development among countries.

This policy brief is based on Belfer Center paper #2010-02 and an article published in Energy Policy, Vol. 38, No. 3.

Oil security and the threat of climate disruption have focused attention on the transportation sector, which consumes 70% of the oil used in the United States.
This study explores several policy scenarios for reducing oil imports and greenhouse gas emissions from transportation.