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While Iran's first direct attack using missiles and drones against Israel on April 13 did not incur significant damage to military sites or, more importantly, civilian casualties, it...
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Reports • September 10, 2015
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While the collapse in oil prices since mid-2014 has stressed the economies of the majority of oil exporting nations, Venezuela stands out as one of the hardest hit among its peers. After a decade of some of the most favorable economic conditions in the nation’s history thanks to a relatively prolonged period of strong oil prices and low international interest rates, the country was already in difficult economic straits before the oil price drop over the past year.
In a new paper for the Center on Global Energy Policy, author Francisco Monaldi, Baker Institute Fellow in Latin American Energy Policy and Adjunct Professor of Energy Economics at Rice University, provides an examination of the difficulties facing Venezuela in light of its dependence on revenues from oil exports and the issues facing the energy sector, which have become more acute in the lower price environment seen over the past year. The key findings are below and the full study can be downloaded here (PDF).
For additional research and insight into how low oil prices are impacting consumers, producers, the environment and geopolitical relationships please visit our webpage on understanding the oil price drop.
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Key Findings
While Iran's first direct attack using missiles and drones against Israel on April 13 did not incur significant damage to military sites or, more importantly, civilian casualties, it...
Russia's isolation from the West following its invasion of Ukraine has given new impetus to the country’s already close cooperation with the Central Asian countries of Kazakhstan, Kyrgyzstan,...
National oil and gas companies in the Gulf Arab States, aspiring to establish themselves as pioneers in low-carbon energy production, are strategically investing in technologies that can mitigate...
Full report
Reports • September 10, 2015