Tag: Energy
Who has gas?
President Putin’s cancellation of the South Stream pipeline project leaves parts of the Balkans vulnerable to a supply disruption and without sufficient future gas supplies. This is a rare opportunity for the European Union and the United States. South Stream would have tied Serbia, Bulgaria and others umbilically to a Moscow that is hard to like and unreliable. Sanctions and lower oil and gas prices killed the project. Finance had already killed its Western-backed competitor, Nabucco. Now what is needed is some active diplomacy to ensure that any future projects undermine Russian pretensions in the Balkans.
So where else might the gas come from? The planned TANAP/TAP (Trans-Anatolian Natural Gas/Trans-Adriatic) pipeline will bring gas to the Balkans (Turkey, Greece, Albania and Bulgaria) as well as Italy from Azerbaijan and eventually Turkmenistan. Construction is supposed to begin in 2015. This is a good but partial solution for 2020 and beyond.
There are many additional options, at least in the long term: Croatia and Montenegro have contracted for exploration in the Adriatic, where it is known deposits exist. Libyan gas already enters Europe through the Italian peninsula not far from the Balkans. Eastern Mediterranean gas lies not far away, and Iraqi gas not all that much farther.
Of these options, Libyan gas is in principle the quickest and easiest, not least because it is already flowing close by. Caveat emptor, as always: Libyan gas production has not recovered to prerevolution levels, though ongoing political instability has affected gas supplies less than oil production. Once Libya achieves a modicum of stability, it might be possible to build a pipeline from Italy to the Balkans that could be fed in the future by Adriatic gas, once that is developed. Israeli/Greek/Cypriot gas is a longer shot, but not impossible if the political knots ever get untied. Iraqi gas, shipped either from Kurdistan or the Sunni-majority provinces of Anbar and Ninewa, would be geopolitically a great way to tie Iraq to Europe, but shipment to Turkey may well prove the more economical proposition.
In the meanwhile, the Balkans have quite a bit to worry about if Russian gas is constricted or cut off anytime during the rest of this decade. That is unlikely this year because of lower prices, which increase Moscow’s incentive to export in order to maintain revenue (and commitments have already been made). Liquefied natural gas, which might come from Qatar or eventually even the US, may provide some insurance. The EU is backing a terminal in Croatia,but that option is expensive and won’t be built for years.
For the near term, the EU has been encouraging a market-based approach as well as pipeline interconnections and storage, so that gas can be stored and shipped more readily to and around the Union, including to the Balkans, should the need arise. That is the kind of solution that has worked so well in the US, which has built enough interconnections to make the entire country a single gas market:
Europe isn’t so far off from that, but the Balkans clearly need more connectivity:
There is no one solution to the gas problem in the Balkans. Wise heads should be pondering how to make sure that whatever menu of options is chosen is economically viable and has the kinds of geopolitical impact the US and Western Europe will find beneficial. That means diversification and resilience above all, with reduced dependence on Russia. Moscow would make far less trouble in countries like Bulgaria, Bosnia, Serbia and Montenegro if the Balkans had alternative sources of gas.
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In the long term…
Proceedings kicked off at Thursday’s Middle East Institute conference with a panel on A Middle East in Flux: Risks and Opportunities. Moderating was peacefare’s Daniel Serwer, presiding over a star-studded panel consisting of Juan Cole, professor at the University of Michigan, Robert Ford, former US ambassador to Algeria and Syria, Paul Salem, vice-president for policy and research at the Middle East Institute, and Randa Slim, director for Track II initiatives at MEI.
The panel focused on long-term forces and factors in the Middle East and North Africa. Cole drew attention to the youth bulge, low investment, lack of jobs, and the effects of climate change on the region. The population is growing as resources are shrinking. Dwindling water supplies will create immense social pressures, and may lead to mass migrations and regional tensions, including over water supplies. Sea level rises will inundate the low-lying plains in southern Iraq, areas of the Nile Delta, and other inhabited areas.
This will happen as hydrocarbon production levels off and even declines, squeezing countries made rich by petrodollars. The region needs sustainable development, Cole underlined, which means a shift towards solar and wind power and a big increase in technological capacity.
Agreeing on the importance of resource and economic constraints, Salem underlined the collapse of already weak and corrupt institutions in Syria, Iraq, Libya and Yemen. With the failure of the Arab uprisings in these countries, the region has lost its sense of direction, as well as any semblance of regional governance. There is no real alternative to accountable, inclusive and ultimately democratic governance, but it is difficult to see how the region will get there from the disorder into which it has fallen. It needs high-value exports that it is unable to produce today.
The currently oil-rich region must adapt now, before it is left without options. Ford predicts that the Middle East will become a major food-importing region. To generate the revenue needed to pay for this food, the region will need to attract investment. Businesses will want to see fair and honest rule of law before sinking money into the region. Failing to develop economies producing more than commodities risks condemning the region to an impoverished and unstable future.
The panel considered the role of religion in the future of the Middle East, but it said notably little about sectarian or ethnic strife, which is more symptom than cause. Ford hopes that Islamists will be pulled towards the center of the political spectrum, as political Islam cannot provide the answers to all the socio-economic problems faced today. But this only applies to those Islamists actively engaging within the political system. There will be no single solution. With the region in such a dramatic state of flux, Salem cautions that there is a developing contest for defining the region’s cultural identity. Sheikhs, militias, and jihadists are competing to define the future of society and culture in the Middle East. The cacophony risks drowning out more moderate reformers and democrats.
Slim underlined the importance of Iran’s trajectory for the region as a whole. Whether a nuclear deal is reached and the choices Tehran makes about support for its allies in Syria, Lebanon, Yemen, Bahrain and Palestine will affect Iran’s relations with its neighbors in the Gulf and with the West. There is great potential for improvement, but also serious risk of deterioration if those in Tehran who want a nuclear deal have to pay for it by giving others a free rein to do what they want regionally.
The West must engage better in the battle for hearts and minds. For Slim, the key battle ground is online and across smart phones. ISIS releases thousands of propagandistic tweets, videos and online messages every day. Jabhat al-Nusra has a similarly slick media operation. Media literacy in the Arab world is high. The West should not let extremists be the only voice in cyberspace. Twitter and Facebook are theatres in the war against violent doctrines just as much as Kobani.
But the ideological battle cannot be won only through convincing words and media campaigns. Robert Ford recalled the warm reception he had received at a university in Algeria, which had a link with a university in the US. The few graduating from the program had all found employment. The result was goodwill from an much wider section of the local population. Providing quality education, developing human connections , and working to build the skills that bring employment and prosperity are vital in combating ideologies that preach hatred.
The path to long-term success and stability in a region facing increasing chaos can be summed up by two 1990s political catch phases. Bill Clinton’s “it’s the economy, stupid”, and Tony Blair’s “education, education, education.” Military campaigns against threats such as ISIS may sometimes be necessary, but in the long term the region’s future will be determined by other factors: demographic and climate pressures, the search for dignity, institutional strength and economic success or failure. The US and its allies cannot determine the outcome. They can only encourage and support local actors as they seek to achieve stability and prosperity.
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Geopolitics of lower energy prices
Oil prices are down by about 20% from their recent peak (or 15% from their three-year plateau around $100 per barrel) and likely to stay low for months if not years. Downward pressure will continue unless the Saudis are prepared to rein in their production (no sign of that yet) or prices decline enough (to $70 or less) to turn off the flow of tight oil and gas in the US, which has become a major factor on world markets.
There is a lot of benefit to be seen from lower oil prices. From the US perspective, cutting revenue flow to the governments of Russia, Iran and Venezuela is a big plus. Putin, who is already feeling substantial pressure from European Union and US sanctions, faces serious financial difficulties. Iran, likewise hurt by sanctions, will find it difficult to generate anything like the revenue it needs to fund economic recovery, even if sanctions are lifted. Venezuela was already headed towards a financial crisis. Its budget is almost entirely dependent on oil revenue.
Major oil and gas producers in the Gulf will be hit as well. Saudi Arabia, the United Arab Emirates , Kuwait and Qatar as well as Iraq will feel the pinch. They are far more likely to cut their spending on various international causes than risk austerity at home. That could mean scarcer resources for the restored military autocracy in Egypt, Yemen’s besieged government and Syria’s opposition. It could also mean less revenue for Islamist extremists of various stripes, including the Islamic State in Iraq and Syria, for which oil sales are a significant portion of revenue.
Lower oil prices will also give a boost to global economic growth, particularly in the US and Europe but also in China and India. The Economist worries that the lower prices may be due to slack economic growth and that lower prices will do little for consumers, but then it gives ample evidence that the lower prices are in fact due to higher production. If past patterns hold, global economic growth could gain by a significant 1% over current 3.3% predictions for 2015.
What has happened in the past couple of weeks is part of a broader secular trend that will have profound impacts on geopolitics and economics for a long time to come. Production of oil and gas is rising sharply in the Western Hemisphere, especially in the US, Canada and Brazil. Demand is rising principally in the East, where economic growth is strong, the economies are still heavily dependent on energy, and energy resources are scarce. This trend has implications for future security risks and burden sharing: it will not make much sense for the US to carry most of the burden of ensuring the security of the strait of Hormuz when 90% or more of the oil shipped through this classic “choke point” is going to India, China and other Asian consumers.
Asian consumers should be stocking 90 days of imports, as members of the International Energy Agency are required to do. They should also be providing some of the naval assets to protect the strait of Hormuz. That will require a major rethink on the part of the US, as well as creation of a multinational force that the Asians can feel comfortable joining.
There are calls in Congress to curtail the Strategic Petroleum Reserve, which is slated for use in an oil supply disruption. That would be an unwise move, as a major disruption of oil markets anywhere means a hike in prices everywhere. The US may be much less dependent on the Middle East in the future, but it will still be vulnerable to the economic damage of an oil supply interruption.
We have tended to view the rise of Asia as a challenge. But of course it is also an opportunity. The US will soon be the world’s largest oil and gas producer. If the Washington can continue to moderate American demand and in addition decides to allow oil and gas exports, the assumption of its declining influence could soon be proven, once again, a mirage.
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Where strong men rule
I spent most of last week in Moscow talking with Russian Middle East experts. It was a deeply saddening experience. Not because of the Middle East: that is a gloomy subject even in Washington DC. It was above all Ukraine, but more broadly Putin’s Russia that darkened the mood.
First, the good news: Moscow looks good, the Russians I met were friendly and helpful, and the Bolshoi Opera is once again open. Contrary to my expectations, downtown the skyline has not changed much, Lenin is still in Red Square (though it is unclear how often his mausoleum is open or whether anyone bothers to visit it), and traffic is light compared other European capitals. Skyscrapers have not been allowed in the center. I saw them only at a distance from the Foreign Ministry, near the Arbat market. Most of the older buildings in the center are renovated, some like the GUM department store beautifully. Ditto the churches.
Walking streets lined with high-end fashion as well as low-end chic lace the center. As in the Gulf petro-states, the number of customers seems inadequate to support the investment. Recently enforced parking rules have cleared the streets of double parked cars and limited the number of people interested in paying a couple of dollars per hour for a space. Drivers are surprisingly respectful of pedestrians and each other. Public spaces (Red Square, parks, walking streets) are well-groomed. Security guards, private and public, are everywhere. Order prevails, at least in the center.
The smiling Moscow I found on the street evaporated quickly in the meetings I attended. Ukraine cast a long shadow. American and Russian leaders, the Russians said, are not communicating. There is a lack of trust. The media are biased. Russia has pursued integration with the rest of the world only to find itself blocked by sanctions, even after the recent ceasefire in Ukraine. US/Russia relations are at a nadir. Is it wise to sacrifice global issues for the sake of Kiev? Fascism is reemerging in Ukraine, which the West is using as a pretext for blocking Russia. All Russia wants is for Ukraine not to join NATO, for the Black Sea not to become a NATO lake threatening to Russia, and for the Russian navy to remain in Sevastopol. Crimea did not join Ukraine voluntarily. There is no reason why it shouldn’t return to Russia.
From the American perspective, the Russians are in denial. They deny their army has anything to do with the rebellion in Ukraine. They ask Americans to understand that Ukraine for them is an emotionally searing internal question, apparently unaware that this implies that they do not recognize the independence or sovereignty of their neighbor. They deny Ukraine the right to make a free choice about joining the European Union and NATO. They fail to mention the downing of the Malaysian airliner, the deaths of Russian soldiers, or the photographic evidence of Russian army tanks and other heavy equipment crossing the border. They insist that Russia is in no way involved in Ukraine, even while trying to justify anything Moscow and its proxies might be doing there.
The Russian attitude on Ukraine is linked to broader themes. The Russians I spoke with do not regard Moscow as having lost the Cold War. It liberated itself from the Soviet Union, defeated totalitarianism and initiated a democratic transition on its own. While this was achieved under Boris Yeltsin, no one has anything good to say about him. President Putin is viewed as the best available leader, attractive because of his efforts to restore Russian power. Nostalgia for that power is palpable: even a casual conversation produces admiration for the Soviet Union. Czarist Russia is not far behind in the memory pantheon. The opposition to Putin is all more nationalist than he is, claim his defenders. Americans should view Russia as an equal, a superpower that Washington should treat with caution and respect.
It is not easy to convey what the Russians had to say about the Middle East with this static in the air. Harking back to Condoleezza Rice’s “transformational diplomacy,” we were told rigid American ideologically driven efforts to export democracy triggered the Arab uprisings, even though democracy is inappropriate for traditional societies in which family relations are predominant. The UN, the G7, the G8 and the G20 are all fronts for American ambitions, which are driven by an “energy elite” thirsting for hydrocarbons (no mention was made of America’s soaring energy production and reduced dependence on imports). Ukraine is part of the American democratization program. Ultimately, Washington aims at regime change in Moscow.
The Russians see what is happening in Syria as vindicating their support for Bashar al Assad, even as they repeat the refrain that they are not necessarily attached to him personally. The Russian port facilities at Tartous are not vital to Moscow. The Russians attribute the emergence of Islamic extremists, in particular the Islamic State in Iraq and Syria (ISIS) to American mistakes and even to American assistance. At the root of the crisis is the American invasion of Iraq, which gave power to the Shia and incited the Sunni rebellion in both Syria and Iraq.
Fearing that it will eventually infect Russia’s Muslim population, the Russians want ISIS defeated. It will take a long time. The US should team up with Russia for the fight. Russia can be helpful in identifying and blocking foreign fighters, especially Chechnyans coming not only from Russia but also from Austria and other European countries. Bombing ISIS in Syria without permission of Damascus would be wrong and likely counter-productive. Arms sent to the opposition will end up in the hands of jihadists. Rejection of the election results in Syria while accepting them in Ukraine demonstrates America’s double standard. Assad has to play a role in the Syrian transition. Russia may prove useful in promoting intra-Syrian dialogue, though the regime has not yet accepted this idea.
My last night in Moscow was spent at a marvelous performance of Mussorgsky’s “Boris Godunov.” This iconic Russian opera features a guilt-ridden hero who rises to the throne by murdering the heir apparent. Guilt was not something I found in Moscow last week, but confidence in strong men was much in evidence.
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Peace picks July 14-18
1. Ending Wars to Build Peace: Conflict Termination Workshop Monday, July 14 | 8:30 am – 1:00 pm United States Institute of Peace; 2301 Constitution Ave NW, Washington, D.C. REGISTER TO ATTEND Designing a conflict termination strategy is an essential but often overlooked component of warfighting. Improperly planned or incorrectly implemented, a failure to effectively terminate a conflict will leave open the original issues that brought on the war and likely create the conditions for future conflict. The U.S. Institute of Peace, U.S. Military Academy’s Center for the Study of Civil-Military Operations and RAND Corporation invite you to an event featuring notable experts sharing their observations and concerns about the issue of war termination, its planning, transition and challenges. SPEAKERS: Gideon Rose, Author, How Wars End, Amb. Jim Jeffery, Former U.S. Ambassador to Iraq, Hon. James Kunder, Former Deputy Administrator, USAID, Lt General Mark Milley, Commander, U.S. Army III Corps, and Dr. Rick Brennan Senior Political Scientist, RAND.
2. Ukraine: The Maidan and Beyond Monday, July 14 | 12:00 pm – 2:00 pm National Endowment for Democracy;1025 F Street NW, Suite 800, Washington, D.C. REGISTER TO ATTEND The forthcoming July 2014 issue of the Journal of Democracy will feature a cluster of eight articles on Ukraine. Please join NDI as four of the contributors elaborate on the subjects discussed in their articles. Serhiy Kudelia analyzes the evolution of Ukraine’s political system during the past four years and why it led to the downfall of President Viktor Yanukovych. Lucan Way assesses the role that civil society played in bringing down Yanukovych and the challenges that it will now face. Anders Aslund examines the “endemic corruption” that has long plagued Ukraine and goes on to suggest how the new government can rebuild the country’s economy. Finally, Nadia Diuk considers the longer-term significance of the Maidan Revolution.
3. Doing Business in Burma: Human Rights Risks and Reporting Requirements Tuesday, July 15 | 8:15 am – 10:00 am Center for Human Rights & Humanitarian Law; 500 8th St. NW, Washington D.C. REGISTER TO ATTEND In 2012, the U.S. lifted economic sanctions on resource-rich Burma, sanctions that had been in place for over a decade. American businesses are required to publicly report to the State Department on the potential human rights, environmental, and political impacts of their investments if they exceed $500,000. Some of the questions that will be addressed: How can the Reporting Requirements guide companies and their attorneys in assessing and managing the risks that accompany new investment in Burma? Why is the information contained in the reports valuable to the State Department and other organizations? SPEAKERS: Amy Lehr, Attorney, Foley Hoag LLP, Jason Pielemeier, Esq., U.S. Department of State/DRL, Genevieve Taft, Global Manager of Workplace Rights, Coca-Cola, and Jennifer Quigley, Executive Director, U.S. Campaign for Burma.
4. New Story Leadership for the Middle East Congressional Forum Tuesday, July 15 | 10:00 am – 2:00 pm New Story Leadership; Cannon House Office Building, 200-299 New Jersey Ave SE, Washington D.C. REGISTER TO ATTEND New Story Leadership for the Middle East is presents their class of 2014, featuring presentations from young Israeli and Palestinian leaders who are living, working, and learning together this summer in Washington, DC. Young voices throughout the world have decisively spoken up for change, demanding new leadership, greater freedom, and the right to choose their own futures. Now a new generation of Israelis and Palestinians wants to engage you in an emerging conversation by sharing their stories and their hopes for peace.
5. For the Least of These: A Biblical Answer to Poverty Tuesday, June 15 | 2:00 pm – 3:30 pm Heritage Foundation;214 Massachusetts Ave NE, Washington, D.C. REGISTER TO ATTEND While much progress has been made toward poverty alleviation, many well-intentioned efforts have led Christians to actions that are not only ineffective, but leave the most vulnerable in a worse situation than before. Is there a better answer? Combining biblical exegesis with proven economic principles, For the Least of These: A Biblical Answer to Poverty equips Christians with both a solid biblical and economic understanding of how best to care for the poor and foster sustainable economic development. With contributions from fourteen leading Christian economists, theologians, historians, and practitioners, For the Least of These presents the case for why markets and trade are the world’s best hope for alleviating poverty. SPEAKERS: Dr. Anne Bradley, Dr. Art Lindsley, Michael Craven, and Derrick Morgan.
6. The Madrid 3/11 Bombings, Jihadist Networks in Spain, and the Evolution of Terrorism in Western Europe Tuesday, June 15 | 2:00 pm – 3:50 pm Brooking Institute; 4801 Massachusetts Avenue, NW, Washington, D.C. REGISTER TO ATTEND Ten years after the terror attacks in Madrid, Professor Fernando Reinares, a senior analyst within Elcano Royal Institute, has published a definitive account of the attacks. Reinares provides evidence showing that the decision to attack Spain was made in December 2001 in Pakistan by Moroccan Amer Azizim and that the Madrid bombing network began its formation more than one year before the start of the Iraq war. Spain battles the challenge of jihadist radicalization and recruitment networks that are sending fighters to join the wars in Syria and elsewhere. On July 15, the Intelligence Project at Brookings will host Professor Reinares for a discussion on his book’s revelations, the empirical data on the evolution of jihadism in Spain and the future of terrorism in Western Europe.
7. Forgotten, but Not Gone: The Continuing Threat of Boko Haram Tuesday, June 15 | 2:00 pm – 3:00 pm International Institute for Strategic Studies; 2121 K Street NW, Suite 801, Washington, D.C. REGISTER TO ATTEND The furor of the #BringBackOurGirls movement has faded rapidly and Boko Haram’s insurgency, now in its fourth year, has again been largely forgotten by the international media, despite the fact that violence has continued in the form of mass killings, attacks in the capital, Abuja, and new abductions. Virginia Comolli will be discussing the implications of Boko Haram’s insurgency for Nigeria, repercussions for other West African countries and the role of non-African partners in dealing with the security challenges the group presents. Comolli is the Research Fellow running the newly established IISS Security and Development Programme.
8. Petrocaribe, Central America, and the Caribbean: Who Will Subsidize the Future? Wednesday, July 16 | 8:30 am – 10:30 am Atlantic Council of the United States; 1030 15th St. NW, 12th Floor, Washington, D.C. REGISTER TO ATTEND US Vice President Joe Biden used his recent trip to Latin America to announce a new initiative to promote energy security in the Caribbean. Is it enough? Join the Atlantic Council’s Adrienne Arsht Latin America Center for a timely discussion on the future of Petrocaribe. The huge Venezuelan oil subsidy enters its tenth year, and continues to provide Caracas with political support from its closest neighbors – but at what cost to the region? Given Venezuela’s economic demise, will Petrocaribe continue delivering into the future? Now is the moment to examine energy alternatives for the Caribbean and Central America. This event will launch the Atlantic Council’s new report, Uncertain Energy: The Caribbean’s Gamble with Venezuela, authored by Arsht Center Senior Nonresident Energy Fellow David L. Goldwyn and his associate, Cory R. Gill.
9. The Resurgence of the Taliban Wednesday, June 16 | 10:30 am – 12:00 pm Carnegie Endowment for International Peace; 1779 Massachusetts Ave. NW, Washington, D.C. REGISTER TO ATTEND In autumn 2001, U.S. and NATO troops were deployed to Afghanistan to unseat Afghanistan’s Taliban rulers. Yet, despite a more than decade-long attempt to eradicate them, the Taliban has endured—regrouping and reestablishing themselves as a significant insurgent movement. Hassan Abbas, author of The Taliban Revival: Violence and Extremism on the Pakistan-Afghanistan Frontier, will examine how the Taliban not only survived but adapted to regain power and political advantage. Carnegie’s Frederic Grare will moderate.
10. Citizens, Subjects, and Slackers: Polish, Russian, and Ukrainian Attitudes Toward Paying Taxes Wednesday, June 16 | 3:30 pm – 5:00 pm Woodrow Wilson Center; 1300 Pennsylvania Ave., NW, Washington, D.C. REGISTER TO ATTEND Marc Berenson’s unique surveys of Poles, Russians, and Ukrainians, conducted from 2004 to 2012 regarding their attitudes towards paying taxes, illustrate that Polish citizens express a far greater willingness and support for paying taxes than Russian citizens, who, in turn, are more willing taxpayers than Ukrainian citizens. Unlike Poles, whose compliance is related to their trust in the state, and Russians, whose compliance is related to their fear of the state, Ukrainians, showing the lowest support for tax obedience, have reacted to state efforts to increase compliance with less fear and little trust. This suggests that post-transition governments must find ways to create and build up levels of trust on the part of citizens in their state, but that bridging the exceptionally high and long-held levels of distrust in the Ukrainian state will remain an extreme challenge for those seeking a new rule-of-law Ukraine. Kennan Institute Global Fellow, Amb. Kenneth Yalowitz, will provide discussion.
11. Fixing the US Department of Veterans Affairs: Prospects for Reform Thursday, June 17 | 10:00 am – 11:30 am American Enterprise Institute; 1150 17th Street, NW, Washington D.C. REGISTER TO ATTEND Recent scandals at medical centers for veterans have trained a spotlight on longstanding inefficiencies within the US Department of Veterans Affairs (VA). In the case of the VA’s disability system, a nearly century-old approach to wounded veterans still prevails. The widespread consensus is that the problem goes much deeper than falsified waiting lists and delayed access to care, and necessitates a global overhaul. What would a renewed vision of veteran care look like, and how should we clarify the objectives of the VA’s disability system? In the interim, what short-term reforms are practical? Join AEI as House Committee on Veterans’ Affairs Chairman Jeff Miller presents a blueprint for reform, followed by a discussion with experts in health care, disability, and public administration. Other speakers include Michael H. McLendon, Joseph Antos, Richard V. Burkhauser, Peter Schuck, and Sally Satel.
12. Beyond Air-Sea Battle: The Debate Over US Military Strategy in Asia with Professor Aaron Friedberg Thursday, June 17 | 2:00 pm – 3:00 pm IISS; 2121 K Street NW, Suite 801, Washington, D.C. REGISTER TO ATTEND China’s military build-up, particularly the expansion of its long-range nuclear forces and its development of ‘anti-access/area-denial’ (A2/AD) capabilities, poses a serious threat to both the American position in East Asia and the security of other regional powers. The growth of these forces challenges Washington’s ability, and perhaps its willingness, to project power into the region. This could call American security guarantees into question, eventually undermining the United States’ place as the dominant Asia-Pacific power. Left unchecked, perceived shifts in the regional military balance away from the US and its allies towards China could also raise the risks of miscalculation and deterrence failure. Professor Aaron Friedberg of Prince University will be launching his new Adelphi series book, Beyond Air-Sea Battle: The Debate Over US Military Strategy in Asia.” He will be joined by discussant Elbridge Colby, the Robert M. Gates Fellow at the Center for New American Security.
13. Putting Military Personnel Costs in Context: Analysis by AEI and BPC Friday, July 18 | 9:00 am – 10:00 am Russell Senate Office Building; Constitution Avenue and 1st Street, NE, Washington, D.C. REGISTER TO ATTEND According to a new study by the Bipartisan Policy Center (BPC) and the American Enterprise Institute (AEI), the per capita cost of military personnel on active duty increased by 42 percent over the last decade. Overall, growth in cost was much faster than growth in the number of people serving. AEI and BPC invite you to a conversation about the cost trends impacting America’s professional volunteer force and their implications for the future. SPEAKERS: Linda Bilmes, Charlie Houy, Scott Lilly, Ann Sauer, and Charles Wald.
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