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Roubini Topic Archive: Energy Security and Policy
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2012 and the American Psyche
Destiny is a big, pretentious concept. Yet today, most Americans understand what their politicians refuse to concede—at least publicly: We’ve lost control of our destiny. Globalization, the fairy dust proffered by everyone from Ronald Reagan to Bill Clinton to Thomas Friedman, turns out to have some significant downside risks. Can we manage them? At the [...]
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Oil, Nuclear Submarines and the Falklands-Malvinas Dispute
The discovery off the coast of Brazil in 2007 of what may turn out to be the largest oil field in the western hemisphere – the “pre-salt” fields of the Santos basin – changed many assumptions about the way this most placid of “BRICS” would emerge. The most obvious change, driven home by the record-setting [...]
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Can Kan? Japan Can’t
The fix was in: that’s the news on the alleged survival of Japanese Prime Minister Naoto Kan from a no confidence vote tabled by his parliamentary opponents on Thursday. On the face of it, Kan easily survived the challenge – with some 293 voting against the measure, including all of his Democratic Party of Japan (DPJ), [...]
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Geopolitical Risks: The Not-So-Pacific Rim
While any region of the size and complexity of the Pacific Rim is bound to see flare ups of rivalry and conflict, the coastal zone stretching roughly from the Malacca Straits to the Korean Peninsula has proved particularly busy in the second half of 2010. Three major drivers explain the current volatility: China’s rise in [...]
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The Middle Makes Its Move
If anyone needed reminding that the American Century is over, Turkey and Brazil provided it by giving notice that they won’t stand aside as another nuclear nonproliferation crisis slides toward armed conflict. The standoff between the U.S. and its allies in Israel and Western Europe on one side, and Iran and its sympathizers around the world on the other, may or may not end in violence. But the surprise Turkish – Brazilian diplomatic coup this week makes it clear that nations once relegated to the second-tier of influence in the world refuse to watch from the sidelines in deference to American power this time around.
