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Podcast
Columbia Energy Exchange

GCC Countries in the New Oil World (1/28/16)

The collapse of oil prices since mid-2014 has shaken many of the cornerstones of the oil markets. For decades, oil-importing countries have relied on the oil-producing economies of the Gulf Cooperation Council (GCC) to balance the global market. At the same time, oil has financed the rapid development of the GCC nations, and, as such, the modern history of oil and the Middle East cannot be disentangled. But the oil market has not been standing still. As part of its efforts to help improve understanding of the challenging issues emerging from the new oil world, the Center on Global Energy Policy organized a discussion of the global market, domestic economic and geopolitical considerations facing the Gulf Cooperation Council (GCC) countries with a distinguished set of experts:

  • Jason Bordoff, Founding Director, Center on Global Energy Policy
  • Bassam Fattouh, Director, Oxford Institute for Energy Studies
  • F. Gregory Gause, III, John H. Lindsey ’44 Chair, Professor of International Affairs and Head of the International Affairs Department, Bush School of Government and Public Service, Texas A&M University
  • Amos Hochstein, Special Envoy and Coordinator for International Energy Affairs, Bureau of Energy Resources, U.S. Department of State
  • Adnan Shihab-Eldin, Director General, Kuwait Foundation for Advancement of Sciences
  • Adam Sieminski, Administrator, US Energy Information Administration
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Assessing US Government Efforts to Support Fossil Fuel–Reliant Communities

The decline of domestic fossil fuel production in the United States poses serious economic risks for communities that rely on fossil fuel industries for jobs and public revenues. Many of these communities lack the resources and capacity to manage those risks on their own. The absence of viable economic strategies for affected regions is a barrier to building the broad, durable coalitions needed for an equitable national transition to cleaner energy sources.

Reports by Noah Kaufman • February 05, 2026
Assessing US Government Efforts to Support Fossil Fuel–Reliant Communities
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