Current Access Level “I” – ID Only: CUID holders, alumni, and approved guests only
Get the latest as our experts share their insights on global energy policy.
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....
Find out more about our upcoming and past events.
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...
Testimonies & Speeches by Jason Bordoff • April 26, 2016
Founding Director Jason Bordoff testified before the Senate Energy and Natural Resources Committee on the challenges and opportunities for oil and gas development in different price environments. In his testimony he makes three main points:
First, the oil price collapse has hurt many workers, families and communities by causing job losses in oil-producing states, with U.S. oil production now falling sharply after a lag. While low oil prices, on net, are a boost to the U.S. economy, that benefit has been more muted than many expected based on past experiences.
Second, while oil prices are low today, it is far from clear they will remain low. The oil industry has long known cycles of boom and bust, and there are many factors today that may combine to cause a price spike more quickly than anticipated. Moreover, oil prices moving forward may be more volatile than in the past.
Third, as the committee knows, the federal government has a diverse set of responsibilities regarding energy production, including to protect air and water quality, regulate oil and gas production on public lands, correct market failures, and more. These roles are necessary, and government should design smart and cost-effective regulations regardless of oil prices, particularly as this commodity’s future supply, demand, trade, and price trends are notoriously difficult to forecast.
Download the written testimony [PDF]
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.
Over the past few decades, liquified natural gas (LNG) trade has evolved from the initial point-to-point business model of the 1960s to become more flexible.
Calls to "Drill, baby drill" are back with Donald Trump's return to the White House, and for US natural gas production, the catchphrase might also be a necessity over the next three years if demand for the fuel grows as steeply as expected.
Full report
Testimonies & Speeches by Jason Bordoff • April 26, 2016