Michael Smolens: Clean energy politics heat up for GOP, but it’s not about climate change
Republican senators seek to reverse cuts in renewable energy tax credits that could hurt their states as global warming continues apace.
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Reports by Ilan Goldenberg, Jessica Schwed & Kaleigh Thomas • November 21, 2019
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Occidental Petroleum Corporation
In recent months, Iran has responded to rising tensions with the United States—particularly the US launch of the “maximum pressure” campaign against Iran—by attacking oil tankers and infrastructure in the Persian Gulf region around the Strait of Hormuz (the Strait). These actions have been designed to signal to the United States, the Gulf states, and the international community that the American strategy of strangling Iran economically will not be cost-free, and to Saudi Arabia in particular that it is highly vulnerable to Iranian retaliation.
As the Strait of Hormuz is one of the world’s most critical energy chokepoints, the implications of Iran’s efforts merit close scrutiny and analysis. This study was designed to examine three scenarios for military conflict between Iran and the United States and assess the potential impacts on global oil prices—as one specific representation of the immediate economic impact of conflict—as well as broader strategic implications. The three scenarios are:
Its main conclusions are:
Though these conclusions are to some extent comforting, the authors acknowledge that a key issue with any analysis of this situation is the unpredictability of the United States. In the present moment, neither US adversaries nor partners know quite what to expect—and, for that matter, neither does the US government or its observers.
President Donald Trump's first official foreign policy trip, as in his first term, was to Saudi Arabia earlier this month, with additional stops in Qatar and the United Arab Emirates.
PetroStates and ElectroStates clash as fossil fuels and clean energy reshape global power, strategy, and alliances.
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Reports by Ilan Goldenberg, Jessica Schwed & Kaleigh Thomas • November 21, 2019