Instead of tit-for-tat retaliation to US tariffs, trade partners should link their response to climate goals and kill two birds with one stone, write four researchers. Courtesy Climate Home News. … [Read more...]
The Trump and Juncker Agreement: there may be more to it than meets the eye
The agreement between Trump and Juncker to have Europe buy more U.S. LNG has been criticized because it contains few details and because “they can’t make it happen anyway”. However, according to Anna Mikulska of the Kleinman Center for Energy Policy and Rice University's Baker Institute for Public Policy, the two leaders could promote investment in infrastructure – and that could have a big impact on the market. Courtesy Kleinman Center for … [Read more...]
Coke, meth and booze: the flip side of the Permian oil boom
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers, writes Tsvetana Paraskova of Oilprice.com. Courtesy Oilprice.com. … [Read more...]
OPEC? NOPEC! What makes Putin’s vision of a Russian-US oil alliance a pipedream
U.S. president Trump, who wants the U.S. to become a dominant oil and gas supplier to the world, regards Russia as “competitor”, though he sees that as “a compliment”. Russian president Putin has said he would like to “work together” with the U.S. to forge an OPEC-like alliance. Anna Mikulska, a fellow at the Baker Institute’s Center for Energy Studies and at the University of Pennsylvania's Kleinman Center for Energy Policy, explains why such an … [Read more...]
Can Saudi Arabia prevent the next oil shock?
As the oil price is inching up, and geopolitical storm clouds are gathering, market watchers increasingly wonder: can Saudi Arabia prevent the next oil price spike? And is it willing to do so? In this article, Cyril Widdershoven explains why counting on Saudi Arabia’s spare capacity could be foolish. In an accompanying article, Nick Cunningham argues that even if Saudi Arabia manages to ratchet up production, it would mean that virtually all … [Read more...]
The Saudis won’t prevent the next oil shock
As the oil price is inching up, and geopolitical storm clouds are gathering, market watchers increasingly wonder: can Saudi Arabia prevent the next oil price spike? And is it willing to do so? In this article, Nick Cunningham argues that even if Saudi Arabia manages to ratchet up production, it would mean that virtually all spare capacity go out of the market, setting the market up for further price rises. In an accompanying article, Cyril … [Read more...]
Sanctions or self-sabotage? The story of Iran’s oil industry
In the 2.5 years between the end of international sanctions and the reimposition of US sanctions this May, Iran accomplished very little in terms of revitalizing its oil industry, writes Ellen Wald of Jacksonville University. Fighting between pro- and anti-western groups prevented all attempts to attract foreign investment. Courtesy: the EnergySource blog of the Atlantic Council. … [Read more...]
Electric buses can save local governments billions – China’s showing how it’s done
New York, Los Angeles, San Francisco - America's largest cities are switching their entire bus fleets from diesel to electric. They will save money in the long run, but how to overcome upfront financing hurdles? According to Silvio Marcacci of think tank Energy Innovation, Shenzhen in China, which has the world's first 100% all-electric bus fleet, provides useful lessons. Â … [Read more...]
11 ways the Paris climate deal is working in the real world
As climate talks stall, it’s clear the UN process is no longer the major driving force of the climate transition, write Soila Apparicio, Megan Darby and Karl Mathiesen of Climate Home News. While diplomates are negotiating the complex rules of the Paris deal, businesses, researchers, governments and citizens are coming up with new ways to move the climate to a safer place. Courtesy: Climate Home News … [Read more...]
Croatian LNG terminal: now or never?
If constructed, the planned Croatian LNG terminal could provide an alternative source of supply for Russian gas in Central and Eastern Europe. Yet without financial support from the region’s governments and diplomatic engagement of the US and the EU, it is unlikely to be realized anytime soon, writes David Koranyi of the Atlantic Council Global Energy Institute. … [Read more...]
Did Trump just kill the OPEC deal?
As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with estimates ranging from essentially nothing to as much as 1 million barrels per day of Iranian supply going offline. But the decision also could put an end to the OPEC agreement, writes Nick Cunningham of Oilprice.com. … [Read more...]
The extremism of Donald Trump
Now that Donald Trump has blown up the  Joint Comprehensive Plan of Action (JCPOA) on Iran, which he accuses of supporting “extremism and terrorism”, it seemed appropriate to hold up a mirror to the U.S. and ask whether perhaps that country has itself become an “extremist” state. No one better suited for this task than Tom Engelhardt, author a new book, A Nation Unmade by War, and editor of the website Tomdispatch.com, which has been documenting … [Read more...]
The Iran nuclear deal: to leave or not to leave
The future of the Iran nuclear deal hangs in the balance as the May 12 deadline set by US President Trump to “fix” the deal or walk away from it approaches. Rachel Brandenburg, director of the Atlantic Council’s Middle East Security Initiative interviews Matthew Kroenig, deputy director for strategy in the Scowcroft Center for Strategy and Security, and Aaron Stein, senior fellow in the Rafik Hariri Center for the Middle East, about whether the … [Read more...]
China’s growing oil demand creates a new geopolitical dilemma
China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as it seeks to quench its thirst for oil and gas, writes Tim Daiss of Oilprice.com. The country, mighty as it is, will become more dependent on OPEC, Russia - and even the U.S. Article courtesy Oilprice.com. … [Read more...]
Donald Trump versus OPEC
OPEC does have a role in today’s higher oil prices, but is this bad for the U.S., as Donald Trump is claiming? According to independent energy analyst Geoffrey Styles, in the new oil world, the U.S. economy may not be worse off with higher oil prices, even if consumers pay more at the pump. … [Read more...]
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