Gustafson holds degrees in both political science and chemistry from the University of Illinois, and a doctorate from Harvard University. He is a former professor at Harvard, and a former analyst for RAND Corporation. He is Senior Director of Russian and Caspian Energy for IHS Cambridge Energy Research Associates (IHS CERA).
Gustafson is the author of Capitalism Russian Style, Crisis amid Plenty: The Politics of Soviet Energy under Brezhnev and Gorbachev (which was awarded the Marshall Shulman Book Prize as the best book on Soviet affairs), coauthor (with Daniel Yergin) of Russia 2010 and What It Means for the World, and Wheel of Fortune: The Battle for Oil and Power in Russia.
- "Thane Gustafson". Georgetown University. Retrieved January 14, 2013.
- "Thane Gustafson, Senior Director, Eurasian Energy and Policy". IHS CERA. Retrieved January 14, 2013.
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