Extreme fluctuations in oil prices (such as the dramatic fall from mid-2014 into 2015) raise important strategic questions for both importers and exporters. In this volume, specialists from the US, the Middle East, Europe and Asia examine the rapidly evolving dynamic in the energy landscape, including renewable and nuclear power, challenges to producers including the shale revolution, and legal issues. Each chapter provides in-depth analysis and clear policy recommendations. This volume is based on a workshop held at the 5th Gulf Research Meeting organized by the Gulf Research Center Cambridge in summer 2014.