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Master's Professional Reports Abstract

Geopolitical Aspects of Petroleum Development in the Caspian Sea Region

The United States is the world's largest consumer of petroleum and it imports more than half of this petroleum. Because the Caspian Sea region contains large reserves of petroleum it could fill much of the U.S. demand for oil. As a post-Soviet area, the Caspian Sea region is ripe for development and hungry for investors. Although it could prove to be a windfall for the United States, the area comes with its own problems such as political tensions, disastrous environmental conditions, and under-developed technologies with which to exploit the vast reserves it harbors. Thus, U.S. policy in the region needs to support U.S. investors in the Caspian Sea region so they can continue to support the American demand for petroleum.

--Author's foreword.