March 11, 2011 View this newsletter as a web page on CFR's website. In this Issue: Breaking News Analysis: The Costs of Japan's Tsunami Options for the United States in Libya Oil Price Shocks and Global Recovery China's Revealing Five-Year Priorities Breaking News Analysis: The Costs of Japan's Tsunami Japan's most powerful earthquake and the accompanying tsunami will sorely test its weak government and have a devastating impact on its struggling economy, says CFR's Sheila Smith. Read more Options for the United States in Libya As fighting continues in Libya between anti- and pro-government forces, the Obama administration has warned that it is considering all options, including military intervention. Micah Zenko and Matthew Waxman discuss the Obama administration's options in Libya and their implications. Read more Op-ed: "The United States Should Keep Out of Libya" by Richard Haass (Wall Street Journal) Op-ed: "Don't Use U.S. Force in Libya!" by Leslie Gelb (The Daily Beast) Foreign Affairs: "Libya's Terra Incognita - Who and What Will Follow Qaddafi?" by Frederic Wehrey Op-ed: "7 Ugly Options for the United States in Libya" by James Lindsay (cnn.com) Analysis Brief: Weighing a Libya no-fly zone Op-ed: "Preparing for Unpredictable" by Paul Stares (Politico) CFR experts on North Africa Oil Price Shocks and Global Recovery Oil price shocks spurred by Mideast events are unlikely to derail the U.S. economic recovery, says CFR's Michael Spence. But bigger shifts in the global economy will hit U.S. unemployment, income inequality, and capital costs, he says. Read more Interactive: Timeline - Oil and U.S. Foreign Policy Blog: "Libyan Oil Isn't Coming Back Soon" by Michael Levi ("Energy, Security, and Climate") Foreign Affairs: "Oil and Unrest - What Uprising in the Middle East Means for Energy Supplies" by Edward L. Morse Op-ed: "Prepare Now for a Saudi Oil Price Shock: by Michael Levi (Financial Times) Analysis Brief: Mideast oil market jitters CFR experts on energy China's Revealing Five-Year Priorities China's new five-year work plan has a familiar list of growth and energy targets, an emphasis on technology investments, and special concerns about resource constraints and corruption, says CFR's Elizabeth Economy. Read more Op-ed: "Why American Innovation Will Beat Out China's" by Adam Segal (cnn.com) Foreign Affairs: "The Advantages of an Assertive China - Responding to Beijing's Abrasive Diplomacy" by Thomas Christensen Op-ed: "Beijing Has Bought Itself a Respite from Middle Class Revolt" by Joshua Kurlantzick (The National) Foreign Affairs: "Will China's Rise Lead to War? Why Realism Does Not Mean Pessimism" by Charles Glaser Op-ed: "Is China 'Eating Our Lunch'?" by Evan Feigenbaum (Business Standard) CFR experts on China   Obama's Guantanamo Shift With his new executive order on Guantanamo, President Obama acknowledges that the controversial detention center will remain open for some time, but now provides improved protections and review processes, says CFR's Matthew Waxman in this interview.     This Week on CFR's YouTube Channel Michael Levi argues that the United States should be prepared with a coherent policy on the use of strategic oil reserves, on conservation measures, and on addressing the financial element of oil markets in response to conflict in the Middle East. In another video, James Lindsay responds to comments to his cnn.com blog post on U.S. intervention in Libya. Watch more videos on CFR's YouTube channel.     On the CFR Blogs THE WATER'S EDGE James Lindsay discusses Obama's pragmatic approach toward Libya in today's "Friday File." LATIN AMERICA'S MOMENT On her new blog, CFR's Shannon O'Neil previews President Obama's trip to Latin America ASIA UNBOUND Joshua Kurlantzick argues that Burma won't follow Egypt any time soon. PRESSURE POINTS Elliott Abrams urges the Obama administration to back up its rhetoric on Libya. AFRICA IN TRANSITION John Campbell argues that Qaddafi's use of mercenaries will diminish his stature among sub-Saharan African leaders. FROM THE POTOMAC TO THE EUPHRATES Steven Cook argues that Washington should keep a low profile in Egypt's transition. ENERGY, SECURITY, AND CLIMATE Michael Levi explains that Libyan oil isn't coming back soon. Read and weigh in on CFR's expert blogs.     EXPLORE CFR's WEBSITE:     Regions      Issues      Experts     Publications     About CFR Find CFR on Twitter and Facebook. Privacy Policy The Council on Foreign Relations does not share email addresses with third parties. Council on Foreign Relations 58 East 68th Street New York, NY 10065 Tel. +1 212.434.9400 Fax: +1 212.434.9800