Columbia International Affairs Online: Working Papers

CIAO DATE: 09/2008

U.S. Energy Security and Oil Revenue Transparency

May 2007

The Woodrow Wilson International Center for Scholars

Abstract

This is a report on a half-day conference, co-sponsored by the Wilson Center and Global Witness, and with the support of the Offices of Senator Richard Lugar and Senator Russell Feingold, on the implications of poor governance and a lack of transparency in global energy transactions both for the economic development and political stability of oil producing countries, and for long-term US energy security. The conference brought together a very diverse set of experts from diverse sectors—from the oil industry, from the financial sector, from investors, from civil society, and from the US government. The resulting exchange was exceptionally rich and productive, both in generating an in-depth understanding of the dimensions of the related issues of energy transaction transparency and energy security, and in suggesting ways and means of strengthening energy transparency regimes and in building more constructive relationships between energy suppliers and energy consumers. We believe the conference deliberations were worthy of dissemination to a broader public audience—hence, this publication.

We of course would welcome any questions or reactions this document might stimulate.

Howard Wolpe
Director, Africa Program
WWICS

Simon Taylor
Director & Co-founder
Global Witness