Economic growth leads to increased demand for energy resources, and oil in particular. Every recession in the United States except one since the end of World War II has been preceded by a rapid increase in the price of oil. As such, it is eminently important to understand the causes and consequences of market-oriented and geopolitically-motivated events in the world oil market. Baker Institute researchers will, therefore, conduct ongoing analysis of the impact of geopolitical trends regionally and worldwide to understand their respective roles in international oil markets in the coming decades. The CES will also address how supply and demand may be shaped in the coming years due to the emergence of new technologies, and how this, in turn, interacts with international geopolitics.