Research Library

With conflict on two fronts, and natural gas squarely in the crosshairs, the U.S. LNG industry will be needed to maintain commitments and support allies and trading partners in both Europe and Asia this winter.

Proactive U.S. efforts to enhance Europe’s gas security and blunt Russia’s ability to use gas for hybrid warfare would directly support its ability to sustain and upgrade its combat credibility in East and Southeast Asia. By incentivizing upstream gas investments globally through the demand call associated with a broader European move to replace Russian gas with LNG, gas geoeconomics would over the medium term also help increase global LNG supply to the ultimate benefit of U.S. allies in Asia, foremost among them Japan and South Korea.

How can the U.S. government help the recovery of the post-transition Venezuelan oil and gas sector? The authors offer key recommendations.

Venezuela, which has one of the largest hydrocarbon endowments in the world, offers a striking case study on the resource curse, write Francisco Monaldi, Igor Hernández and José La Rosa. This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

The authors evaluate Argentina’s energy sector and test the hypothesis that investments in tight oil and shale gas extraction expose investors to fewer risks than extracting conventional oil and gas. This working paper is part of a series titled “The Role of Foreign Direct Investment in Resource-Rich Regions.”

This paper examines the cash flow and financial issues affecting Venezuela’s PDVSA, as well as the operational challenges facing the country’s oil industry.

Venezuela is a textbook example of a resource-dependent country. Nevertheless, Venezuela currently combines an economy that is stagnant, despite high oil prices, with an increasingly authoritarian government.

Latin America recently experienced a new wave of nationalization in the hydrocarbon sector with tax increases and the participation and control of the state. There is considerable variation in the specific policies that Latin American countries implemented, however.

The political institutions that established Venezuela's democracy in the 1960s were deliberately set up to generate a cooperative equilibrium with low stakes of power. The recent political reforms, increasing the stakes of power, have stimulated a complete breakdown in cooperation and a highly polarized political system.