US Energy Diplomacy in the Caspian Sea Basin: Changing Trends Since 2001

This book provides a comprehensive analysis of US policy in the Caspian Sea region since 2001, comparing the foreign policies of the Bush, Obama, and Trump administrations and discussing topics such as China's Belt and Road Initiative, the oil price war, and Russian and U.S. competition in the EU energy market. It will be of interest to researchers, policymakers, and analysts in foreign policy, diplomacy, international relations, and energy policy.

Format: Paperback / softback
Length: 280 pages
Publication date: 20 March 2022
Publisher: Springer Nature Switzerland AG

This book offers a comprehensive analysis of US policy from the perspective of an analyst and scholar from the region, delving into the intricacies of US energy diplomacy in the Caspian Sea region since 2001. It provides a comparative examination of the foreign policies of the Bush, Obama, and Trump administrations, highlighting the evolving role of energy in shaping the US's approach towards states in the energy hubs of Central Asia and the Caspian Sea. Through a blend of historical analysis, regional analysis, interviews, and case studies, the chapters trace the evolution of US interests in the area and offer insightful predictions about future policy trends.

The book explores a range of topics, including:

China's massive Belt and Road Initiative: This initiative, aimed at promoting economic connectivity and infrastructure development across Asia, Europe, and Africa, has significant implications for the Caspian Sea region. The book examines how the BRI affects the energy and foreign policies of the Caspian littoral states, comparing them with those of China, India, the European Union, and Turkey.

Escalation of Differences Among Key OPEC Members: During the Trump era, there was a notable escalation of differences among key OPEC members, particularly Saudi Arabia and Russia. The book explores the factors contributing to these differences and their impact on the oil market, including the oil price war and the spread of COVID-19.

Impact of the Oil Price War on the US Shale Industry: The oil price war between Saudi Arabia and Russia in 2018-2019 had a significant impact on the US shale industry. The book examines how the price war affected the profitability of shale producers and the strategies they adopted to survive in the challenging market conditions.

Spread of COVID-19 and Its Impact on the Oil Market: The COVID-19 pandemic has disrupted the global oil market, leading to a decline in demand and a sharp increase in oil prices. The book explores how the pandemic affected the oil market and the strategies adopted by oil-producing countries to mitigate the impact.

Russian and U.S. Competition in the EU Energy Market: The EU is a major energy consumer, and Russia and the United States are two of the largest suppliers of energy to the region. The book examines the competition between Russia and the United States in the EU energy market, including the role of gas and oil in the energy mix and the impact of geopolitical tensions on energy trade.

US-China Trade War and the Role of Energy in the First Phase of the US-China Trade Deal: The trade war between the United States and China has had a significant impact on the global economy, including the energy sector. The book explores how energy played a role in the first phase of the US-China trade deal and the potential implications for future energy trade between the two countries.

Energy Policy of the Incoming US President, Joe Biden: The United States will soon have a new president, Joe Biden, who has pledged to prioritize climate change and renewable energy. The book examines the energy policy of the incoming Biden administration and its potential implications for US energy diplomacy in the Caspian Sea region.

Shedding light on the complex geopolitics of US-Caspian Sea Energy diplomacy, this volume is of interest to researchers of foreign policy, diplomacy, international relations, and energy policy, as well as policymakers and analysts working in related areas. It provides a valuable resource for understanding the evolving dynamics of US-Caspian Sea relations and the critical role of energy in shaping global politics.

Weight: 468g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030669317
Edition number: 1st ed. 2021