Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
For the past 68 years, BP has published its Annual Statistical Review of World Energy, an impressive collection of global energy data that offers a retrospective view of what has happened in the world of energy production, consumption, trade, and related issues.
This week, host Jason Bordoff is joined by Spencer Dale, BP’s Chief Economist. He is responsible for advising BP’s board and executive team, and manages BP’s global economics team, providing economic input into the firm’s commercial decisions.
Jason and Spencer discuss trends, key findings and insights from this year’s report, including the fact that as global energy consumption grew rapidly in 2018, carbon emissions rose at their highest rate in seven years. Jason and Spencer discuss the mismatch between growing calls to act on climate change, growing energy demand, and increasing global carbon emissions. They discuss the unique double-firsts in the U.S. last year, recording the single largest-ever annual increases by any country in both oil and gas production. They discuss how an unusually large number of hot and cold days in the U.S., China and Russia drove strong growth in energy consumption in 2018, and the importance of decarbonizing the power sector to meet our global climate goals. They also discussed BP’s role in fighting climate change.
While US and Israeli forces have significantly degraded Iran’s military and nuclear capability, the global energy landscape remains in a precarious position. For weeks, the Strait of Hormuz...
During President Trump’s second term, the administration has taken unprecedented action in the US private sector. The federal government’s investments in critical mineral mining and chip manufacturing are...
Today marks the last day of CERAWeek, the annual energy industry conference sometimes described as the Davos of energy. As oil and gas CEOs and government officials gathered...
The Iran conflict has rapidly expanded, drawing in actors across the Middle East and raising concerns about broader regional escalation.
The Iran war will accelerate the region’s economic transformation.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.
The war in Iran has significantly enhanced Latin America's geopolitical advantage as a reliable source of hydrocarbon resources.