Energy

Financial sanctions against Iran are contributing to the growth of regional criminal networks, which use fraud, bribery, and corruption to facilitate commerce. From airplane parts and medical equipment, to specialized materials for weapons programs, an intricate underground economy of financial and logistic intermediaries play a critical role in helping Iran circumvent Western sanctions. Do not expect this to change in a post-sanctions world...

"...[T]he region offers Iran great potential to enhance rail and land transport for the exchange of local goods to form new markets. The region can also serve as a major energy hub, specifically with natural gas for Iran, China and Russia. By developing an integrative transportation system inclusive of land, air and sea, Iran could help the region connect with the Indian Ocean, the Sea of Oman and the Caspian Sea. Iran already possesses a large road and rail system that connects Khorasan with its ports in the Persian Gulf, including in Chabahar and Bandar Abbas, which it can lease to its neighbors and derive transit and customs revenues."

"...[T]o believe that the market will maintain its current risk assessment forever is to believe in the power of magical thinking. The economic and political stakes are overwhelmingly in favor of drilling. The White House is pushing for domestic sources of energy. Alaska's elected and tribal leadership will gain much from taxes on new economic activity. And our foreign competitors near the Arctic circle — including Russia, which sent an oil tanker through the Arctic during in December — are ready to plunge into the cold."

The following report presents a consensus view of the members of a bipartisan study group on the U.S.-Japan alliance. The report specifically addresses energy, economics and global trade, relations with neighbors, and security-related issues. Within these areas, the study group offers policy recommendations for Japan and the United States, which span near- and long-term time frames. These recommendations are intended to bolster the alliance as a force for peace, stability, and prosperity in the Asia-Pacific region and beyond.

"Natural gas is a big deal, and fracking has transformed energy policies. Natural gas now constitutes 25 percent of US energy consumption. In only 10 years, shale gas, released through fracking, has risen from 2 to 30 percent of all natural-gas production. Shale depositories in states as geographically diverse as Texas, Montana, and New York have made the US essentially self-sufficient in natural-gas production, and even potentially an exporter of the commodity."

The Summer 2011 issue of the Belfer Center newsletter features analysis and advice by Belfer Center scholars regarding the historic upheavals in the Middle East and the disastrous consequences of the earthquake and tsunami in Japan. The Center’s new Geopolitics of Energy project is also highlighted, along with efforts by the Project on Managing the Atom to strengthen nuclear export rules.

The Spring 2011 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This issue highlights the Belfer Center’s continuing efforts to build bridges between the United States and Russia to prevent nuclear catastrophe – an effort that began in the 1950s. This issue also features three new books by Center faculty that sharpen global debate on critical issues: God’s Century, by Monica Duffy Toft, The New Harvest by Calestous Juma, and The Future of Power, by Joseph S. Nye.

"From the perspective of national security, independence from oil imports in the Middle East is necessary; our complicated relations with nations such as Saudi Arabia are made worse by our complete dependence on their commodity. Even the revolution in Egypt has made oil companies worry about the continuing accessibility of the Suez Canal, a crucial route to the Atlantic Ocean."