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The US Export-Import Bank is preparing to close the first funding tranche of Project Vault, a public-private partnership establishing the US Strategic Critical Minerals Reserve.
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
For years, the energy transition was discussed as a shift that would happen in steady, predictable increments. But a massive surge in electricity demand in recent years—now colliding...
Commentary by Robert McNally • December 17, 2015
In this commentary piece, Bob McNally, a Fellow at the Center on Global Energy Policy and Founder and President of The Rapidan Group, explains how OPEC abdicated the role of market manager over ten years ago–not just in the last year–and that we have already seen the results in a boom (2004–2008) and two busts (2008, 2014–2015) in oil prices. Given oil’s vital role in the global economy, financial markets, and policymaking, coping with elevated price volatility will require the sustained and smart attention of business and government leaders.
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.
Within days of the initial U.S. and Israeli attack on Iran on February 28, 2026, the world was plunged into an energy crisis.
