As U.S. energy exports increase, the United States should think carefully about the kind of exporter it wants to be, promoting free trade and investment wherever possible, with no political strings attached. If it does, it could transform the world energy market and, in turn, reap vast political and economic rewards. Read Here – Foreign […]
Russia has consummated some huge energy deals with China in recent weeks. These deals are – or at least are being advertised as – major steps forward in the Russo-Chinese energy relations, Russia’s pivot to Asia – which uses big energy sales to upgrade its influence and standing – and the development of the energy […]
Current trends in the global energy market don’t look good for Saudi Arabia. First, the International Energy Agency projected in November 2012 that the United States will surpass the Gulf petrogiant as the world’s top energy producer by 2020. Then, last week, it revealed that North America, buoyed by the rapid development of its unconventional oil industry, […]
As the great research ship Chikyu left Shimizu in January to mine the explosive ice beneath the Philippine Sea, chances are good that not one of the scientists aboard realized they might be closing the door on Winston Churchill’s world. Their lack of knowledge is unsurprising; beyond the ranks of petroleum-industry historians, Churchill’s outsize role in the history […]
Exploratory drilling near the coasts of Cyprus, Egypt, Israel, Lebanon, Syria, and Turkey has unearthed vast reserves of natural gas. Competition over the rights to tap those resources is compounding existing tensions over sovereignty and maritime borders. The eastern Mediterranean is quickly becoming as volatile as its eastern cousin, the South China Sea. Read Here […]
Another milestone in China’s emergence as the world’s largest foreign energy consumer has been reached, with Chinese data indicating it has now become the largest net importer of oil. Amid the emergence of the United States as an energy superpower, China reportedly imported a net 6.12 million barrels of oil per day (bpd) last December, exceeding […]
It is a shift as momentous as the U.S. eclipse of Britain’s Royal Navy or the American economy’s surpassing of the British economy in the late 19th century. According to preliminary figures reported this week, China has overtaken the United States as the world’s largest net oil importer. Nearly 6 million barrels per day flowed into the United […]
Pakistan’s President Asif Ali Zardari arrives in Iran today to sign a series of economic agreements, including one that finalizes the Iran-Pakistan natural gas pipeline. At the end of January, the two sides agreed to set up a joint construction company to build the portion of the pipeline that will be on Pakistani soil. Iran is […]
“We are finally poised to control our own energy future,” said President Barack Obama in his State of the Union message, noting the drastic increase in American energy production from unconventional oil and gas resources. Controlling our energy future means more than just producing a greater amount of our own energy. It also means harnessing this energy […]
There are exceptions to this pattern. Ecuador is attempting to solicit payments in exchange for not developing oil in its Yasuni National Park, though it has only raised $300 million out of the total of $3.6 billion it is seeking. Considerably more thought has gone into a closely related area of low-carbon development for the resource-rich: charting alternative paths for highly […]
looking beyond borders 