Climate Change
Climate change is one of the central challenges of the 21st century. Building and linking the policies, technologies, financial systems, and markets needed to achieve climate goals is key to addressing this challenge.
Even as prices decline, the tight oil market is once again raising economic and political worries in Washington.
In July, President Biden traveled to the Middle East to meet with several Arab leaders – including Saudi Arabia’s King and Crown Prince Mohammed bin Salman. Expanding oil supply was high on the list of the administration’s diplomatic objectives.
Saudi Arabia says it has limited ability to add extra oil to the market, and it’s not clear whether OPEC+ countries agree on a path forward for oil output. All of this comes at a time of enormous uncertainty in the global outlook for oil, due to fears of a recession and concerns over Russian supply.
Now all eyes are on OPEC+ in early August. Will Biden’s overtures have any consequential impact on production?
This week, host Jason Bordoff sits down with Dr. Karen Young and Bob McNally to discuss what’s next for oil markets.
Dr. Young is the newest Senior Research Scholar at the Columbia University Center on Global Energy Policy. She was a Senior Fellow and Founding Director of the Program on Economics and Energy at the Middle East Institute.
Bob McNally is a Non-Resident Fellow at the Center on Global Energy Policy. He’s the author of Crude Volatility: The History and the Future of Boom-Bust Oil Prices, published by Columbia University Press. In his full-time capacity he is the founder and President of Rapidan Energy Group, an independent energy consulting and market advisory firm based in the Washington DC area.
In the wake of Biden’s controversial trip to the Middle East, Jason spoke with Karen and Bob about what it tells us about the state of the global oil market in the months ahead.
This week host Bill Loveless talks with Timur Gül, head of the Energy Technology Policy Division at the International Energy Agency and leads the Energy Technology Perspectives report.
Critical minerals—such as aluminum, copper, lithium, and cobalt—will require unprecedented investment in order to make a shift to a clean energy system. Leveraging the increased global demand for these minerals is critical to achieving net-zero targets.
After years of political pressure, Democrats in Congress narrowly passed an historic climate bill at…
Establishing energy policy solutions informed by rigorous research and dialogue is key to addressing climate change, increasing access to energy, and sparking innovation for a thriving global energy economy.
Clean electrons are vital to the net-zero economy. What about molecules? There is a global…
As global warming mitigation and carbon dioxide (CO2) emissions reduction become increasingly urgent to counter climate change, many nations have announced net-zero emission targets as a commitment to rapidly reduce greenhouse gas emissions.
Developing countries face the dual challenge of meeting rapidly growing energy demand while also scaling…
Energy access is central to reducing poverty. Energy is also critical to developing country efforts to move towards broader prosperity, which are significantly increasing their demand for energy.
The transportation sector is responsible for more than half of global oil demand, with passenger vehicles and trucks making up by far the largest fraction.
Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes that are sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
A price cap on Russian crude oil in response to the country’s invasion and ongoing...
Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes that are sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
After months of debate and preparation, the United States and other members of the G7...
Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes that are sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes that are sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.