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Amid the surge in US gas demand coming from LNG exporters, there is a lack of equivalent new working gas storage capacity in the US.
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It started last year as a pressure campaign at sea, with the United States seizing tankers as part of what President Trump called a “total and complete blockade”...
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External Publication by • June 28, 2017
In a new article for the journal Global Policy, CGEP Fellow Morgan Bazilian and co-authors explore the changing geopolitics of energy for the United States.
Abstract
The Trump Administration has an opportunity to foster a new energy statecraft based on the realities of a dynamic and rapidly-changing global energy marketplace. The geopolitical considerations of this energy transition are not well-explored. Additionally, the recent renaissance of oil and gas in the US has reinforced the alluring notion that energy independence and national energy security are the same thing. But the global nature of energy markets expose this notion as utterly misleading. A re-envisaged energy statecraft would utilize a variety of US foreign policy and multilateral tools to reform the international energy sector, protect the global energy marketplace, and spur investments in new generation and innovation. These steps require building an integrated approach to the multiple energy-security challenges.
The US-Israeli war against Iran highlights the Gulf’s dual role as the backbone of global energy supply and a major source of systemic risk.
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External Publication by • June 28, 2017