AGSIW's conference, “Petro Diplomacy: Navigating the New Oil Era,” focused on critical issues facing the oil industry against the background of the shifting economic and political landscape in the region.
The international oil industry is in the midst of writing a new chapter in its long-storied history, with a massive restructuring underway to meet the challenges of a new lower oil price world. The conference, “Petro Diplomacy: Navigating the New Oil Era,” focused on critical issues facing the oil industry against the background of the shifting economic and political landscape in the region.
Panel Discussion: Political and Economic Flashpoints for Oil Markets
Jason Bordoff, Founding Director, Center on Global Energy Policy, Columbia University
Elena Ianchovichina, Acting Chief Economist, MENA, World Bank
Ibrahim Al-Muhanna, Energy Consultant, Vice Chair for the Middle East, World Energy Council; Member of the Board of Directors, AGSIW
Jean-François Seznec, Nonresident Senior Fellow, Global Energy Center, Atlantic Council
Karen E. Young, Senior Resident Scholar, AGSIW (Moderator)
While Iraqi leaders consistently emphasize the importance of Western investment in their energy sector, their actions instead are increasing Iraq’s dependence on Chinese markets and oil firms.
The short-term effects of the U.S. presidential election for policy toward the Gulf region are likely to be minimal, though the most consequential effect may be indirect and long term.
Regardless of who prevails in November's presidential election, the next U.S. administration may contend with either a nuclear-armed or fragmented Iran.
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Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.