For more than a year, ExxonMobil has stood as the backbone of Kurdistan politics, validating its independence as a global petro-player. Now, BP has taken up the mantle for the opposing side, shoring up Baghdad in a tense standoff at the city of Kirkuk. In doing so, it may be the first time in modern […]
From previously challenging the “tyranny of oil,” newly inaugurated U.S. President Barack Obama enters his second term in office as leader of a potential oil and gas superpower. According to BP’s Energy Outlook 2030, unconventional sources will make the United States virtually energy self-sufficient by 2030, largely thanks to the shale gas revolution. “The U.S. will likely surpass Russia […]
In 2011, when Algeria’s Religious Affairs Minister Bouabdallah Ghlamallah awarded the contract to build the Grand Mosque of Algiers, the third-largest such structure in the world, it did not go to a homegrown Algerian bidder nor to one based in a fellow Muslim-majority Arab nation like Lebanon, nor even to one in a nearby non-Muslim […]
The energy map of the world is being redrawn — and the global geopolitical order is adrift in consequence. We are moving away from a world dominated by a few energy mega-suppliers, such as Russia, Saudi Arabia, and Venezuela, and toward one in which most countries have some domestic resources to meet their energy needs […]
For some time now, a certain strategic vision has been gaining traction: the United States is becoming energy-independent, paving the way for its political retreat from the Middle East and justifying its strategic “pivot” toward Asia. This view seems intuitively correct, but is it? Energy-hungry America has long depended on the global market to meet […]
When oil prices spiraled much higher in global markets between 2003 and 2008, the governments of several oil-producing nations — including Algeria, Bolivia, China, Ecuador, Russia and Venezuela — responded by expropriating local assets of independent oil companies that had contracted to operate in their territories, or by imposing large windfall taxes on their oil […]
UNTIL the late 1950s America produced all the coal, oil and natural gas that its citizens could burn. But as they grew rich and bought cars as big as whales, America began to suck in fuel from beyond its shores. It now accounts for nearly a fifth of world energy consumption. China may be the […]
It is official. The US will overtake Saudi Arabia to become the world’s top oil producer by 2017. The International Energy Agency (IEA) said in its world outlook for 2012 this morning that the US will be a net exporter of gas by 2020, with all the vast implications of abundant cheap gas for its […]
While energy is not a top-tier issue for the American public, Obama and Romney present very different visions for how the United States will generate and consume energy over the next four years – and perhaps set the stage for the next twenty. They provide a clear choice for American voters and explicit differences for […]
looking beyond borders 