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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.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
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 & Akos Losz • April 23, 2015
Read the complete article here Introduction: The global energy market is undergoing a historic transformation....
Read the complete article here
Introduction: The global energy market is undergoing a historic transformation. Some major consumers of energy are now sharply growing production, with the United States emerging as the world’s top petroleum producer, thanks to a dramatic reversal of its oil and gas fortunes through innovations in shale development. And major producers of energy are emerging as some of the fastest growing consumers of energy—especially in the Middle East and Latin America.
Energy has been among the largest drivers of U.S. economic growth and shifting trade patterns, played a key role in global conflicts from Russia and Ukraine to the South China Sea, and continues to be the primary source of global greenhouse gas emissions that portend potentially severe climate change impacts. Among the world’s most pressing challenges are to promote faster economic growth, supply the energy needed to pull a billion more people out of extreme poverty, and promote geopolitical cooperation rather than competition over energy resources—all the while protecting the health of the planet and dramatically lowering greenhouse gas emissions. These are indeed staggering challenges.
As the world confronts these fast-moving dynamics, the global energy market has just experienced one of its largest shocks in recent history: the rapid drop in the price of oil. This has had several significant consequences.
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 & Akos Losz • April 23, 2015