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Saudi Arabia’s recent moves into the liquefied natural gas (LNG) market may be a sign the giant oil exporter is looking to expand into a rapidly growing and politically influential market it had long ignored.
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From oil pipelines crossing the border to integrated electricity grids, energy trade has long been a key part of the economic relationship between the United States and Canada....
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The relationship between the US and Canada, each of which is the other’s principal source of imported energy, has become increasingly fraught in recent months. Canada and the...
Op-eds & Essays with Jason Bordoff • June 26, 2018
In his latest essay in Foreign Policy, Jason Bordoff, Founding Director of Columbia University SIPA’s Center...
In his latest essay in Foreign Policy, Jason Bordoff, Founding Director of Columbia University SIPA’s Center on Global Energy Policy, provides reflections from his visit to Vienna for last week’s OPEC/non-OPEC meeting about the importance of the group’s agreement and what it tells us about the role of oil producers, particularly Saudi Arabia and Russia, in managing oil markets despite the shale revolution. “The decision last week to provide oil price relief, reflecting newfound oil policy partnership between Saudi Arabia and Russia, marks a potential turning point in the global oil order and a reminder that despite the shale boom or a possible energy transition, oil geopolitics is alive and well,” Bordoff concludes.
Steps by the second Trump administration show it is taking a tougher stance against the regime of Nicolas Maduro. Trump recently issued an executive order that could levy a 25 percent tariff on countries that directly or indirectly import Venezuelan oil starting on April 2, and it has modified Chevron’s oil license to operate in the South American nation.
Trump’s abandonment of antibribery efforts will hurt—not help—U.S. companies.
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Op-eds & Essays with Jason Bordoff • June 26, 2018