CONTENTS

Economic Perspectives

An Electronic Journal
of the U.S. Department of State
Vol. 9, No. 2, May 2004

U.S. NATIONAL ENERGY POLICY AND GLOBAL ENERGY SECURITY
By Spencer Abraham, U.S. Secretary of Energy
In its quest for energy security, the United States must increase domestic energy production while seeking out new resources, from Africa to the Caspian region, and collaborating with other countries on new and more efficient energy technologies.

GEOPOLITICS OF OIL AND NATURAL GAS
By Alan Larson, Under Secretary for Economic, Business, and Agricultural Affairs, U.S. Department of State
U.S. policy aims to ensure the reliability of oil and natural gas supplies around the world by encouraging diversification of suppliers and promoting reforms in energy-producing countries necessary to attract investment.

THE GROWING DEVELOPING COUNTRY APPETITE
FOR OIL AND NATURAL GAS
By Amy Jaffe, Wallace Wilson Fellow for Energy Studies, James A. Baker III Institute for Public Policy, Rice University
The quest by emerging Asian markets to meet their rapidly growing demand for energy may lead to a shift in political and economic ties among those markets, oil-exporting countries, and the United States.

ENERGY COMPETITION OR COOPERATION:
SHIFTING THE PARADIGM
By Joseph A. Stanislaw, President, Cambridge Energy Research Associates
Balancing the forces of competition and cooperation will require strengthening economic linkages among major actors on the energy scene and building a level playing field where they can interact fairly and effectively.

ENERGY DIVERSIFICATION: FINDING THE RIGHT BALANCE
By Pete V. Domenici, Chairman, Senate Energy and Natural Resources Committee
Major energy legislation, which seeks to reconcile a multitude of often-contradictory interests, would diversify and expand the nation's energy portfolio.

RENEWABLE ENERGY AND NEW TECHNOLOGIES
By David K. Garman, Assistant Secretary, Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy
Meeting rising global demand for clean energy will require the United States and other countries to adopt next-generation technologies while continuing to invest in energy efficiency and renewable alternatives to fossil fuels.

GLOBAL ENERGY SUPPLIES AND THE U.S. MARKET
By Guy F. Caruso, Administrator, and Linda E. Doman, Energy Analyst, Energy Information Administration, U.S. Department of Energy
U.S. dependence on foreign oil and gas will rise in the next two decades, and so will energy imports from non-OPEC producers, ensuring diversity in supply.

LINKING NATURAL GAS SUPPLIES TO CRITICAL MARKETS
By Sara Banaszak, Senior Analyst, PFC Energy
Natural gas could play a key role in the energy security of the United States and other countries, but development of the natural gas industry has been hampered by large investment costs and issues involved in getting gas to consuming markets.

ENERGY AND THE DEVELOPING WORLD:
THE NEED FOR NEW KINDS OF PARTNERSHIPS
By David J. O'Reilly, Chairman and Chief Executive Officer, ChevronTexaco Corporation
Corporations operating in poor countries have compelling business reasons to engage in poverty reduction efforts, and their efforts work best when they involve multiple and varied partners.

Additional Readings

Key Internet Sites

Economic Perspectives

An Electronic Journal of the U.S. Department of State

Volume 9, Number 2, May 2004

The Bureau of International Information Programs of the U.S. Department of State publishes five electronic journals that examine major issues facing the United States and the international community. The journals — Economic Perspectives, Global Issues, Issues of Democracy, U.S. Foreign Policy Agenda, and U.S. Society and Values — provide statements of U.S. policy together with analysis, commentary, and background information in their thematic areas.

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