Three factors are dramatically affecting international energy markets: the rise of China and India as major global economic powers, the continued growth in U.S. energy demand, and instability in key oil-exporting regions. Prospects for stable production are increasingly linked to internal political issues and the regional ambitions of major suppliers. As energy security is becoming a more important factor in countries’ national security and economic development calculations, these dynamics will affect the global balance of power.
On January 23, Brookings hosted the inaugural Foreign Policy Studies Energy Security Series event with a panel comprised of leading energy experts who have written extensively on these issues. The goal of the series is to present research findings and analyze the implications of the actions of three key energy-consuming nations: China, India, Japan, and a major producing nation, Russia.