Energy

The secret to Maugeri’s analysis? An original, bottom-up, field-by-field analysis of most of the world’s oil exploration and development projects.

A new Belfer Center initiative seeks to research and analyze defense, security, and intelligence issues on the Arabian Peninsula. 

Call it the fall heard round the world.

The dramatic decline in oil prices—from over $100 a barrel in 2014 to below $30 this year—has been one of the most disruptive and least expected developments in global energy markets since the 2008 financial crisis.

With the continuation of high oil production and low prices, the Belfer Center’s Khalid Alsweilem, Calestous Juma, David Keith, Henry Lee, Leonardo Maugeri, Meghan O’Sullivan, and Robert Stavins offer insights, predictions, and recommendations based on their research and varied perspectives.

Former Prime Minister of Australia Kevin Rudd is a senior fellow with the Belfer Center and the Inaugural Director of the Asia Society Policy Institute. A longtime China scholar, Mr. Rudd headed a major project at the Belfer Center during the past year on alternative futures for U.S.-China relations over the next decade. In April, he released a report titled U.S.-China 21: The Future of U.S.-China Relations Under Xi Jinping. In this Q&A, we ask Mr. Rudd about his report and the future of U.S.-China relations.

The Fall/Winter 2014/15 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 edition highlights discussions at the Belfer Center about Iran and its nuclear program. Former U.S. National Security Advisor and Center Senior Fellow Thomas Donilon and former Israeli National Security Advisor Yaakov Amidror added their voices to Center debate on this issue during a Harvard Kennedy School forum on a possible deal to prevent development of nuclear weapons in Iran.

In "Stopping ISIL," a number of Belfer Center security experts weigh in on what must be done in the next year to stop the spread and brutality of the Islamic State (ISIL). Graham Allison, Nicholas Burns, Chuck Freilich, Nawaf Obaid, Ariane Tabatabai, Payam Mohseni, David Petraeus, Gary Samore, and Barak Mendelsohn suggest solutions to this strategic challenge.

And much more...

Farah Pandith, America’s first special representative to Muslim communities, joined the Belfer Center this fall as a Fisher Family Fellow with the Future of Diplomacy Project and as a senior fellow with the Middle East Initiative. Jairam Ramesh, a member of Parliament from Andhra Pradesh, India, and a leader in international climate negotiations, joined the Belfer Center this fall as a 2014 Fisher Family Fellow with the Future of Diplomacy Project.

A sampling of Belfer Center members who have been featured in the news

In my 2012 study “Oil, the Next Revolution”, I stressed something that no one was seeing at that time (and much later as well). As summed up by the opening sentence of the study:

“Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.”

The Spring 2014 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 edition highlights the Belfer Center’s deepening engagement with China and increasing collaboration with Harvard Kennedy School’s Ash Center for Democratic Governance around critical issues related to China. We announce former Australian Prime Minister Kevin Rudd as a new Belfer Center senior fellow who will lead efforts to explore possibilities and impacts of a new strategic China-U.S. relationship. Read about this and much more.

Saudi Arabia’s Prince Turki Al Faisal told a standing-room only audience at Harvard Kennedy School in April that his nation is investing huge sums in solar, wind, and nuclear energy to reduce domestic reliance on its oil reserves. Prince Turki said Saudi Arabia’s security depends on a healthy energy policy that uses oil to earn export revenues rather than for domestic consumption.