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Archive for the tag “Energy”

After Decades Of Wrong Predictions, Oil May Finally Be Peaking

After one of the most dramatic stretches in its history, the oil industry is slowly recovering. March and April saw the toxic combination of depressed demand, excessive supply, limited storage capacity, and intense financial speculation that turned prices on one index negative. Although concerns about a second wave of coronavirus infections remain high, demand is now back on the rise, and supply is in check.

Read Here – Foreign Policy

COVID-19 Has Killed The Oil Market’s Old Paradigms

During normal times, if the world’s petroleum producers announced an agreement to slash output, oil prices would immediately spike. During normal times, lower crude prices would boost economic growth. During normal times, low oil prices might be reason to celebrate. But if there is one fact we can agree on, it is that these are not normal times.

Read Here – World Politics Review

OPEC+ Deal Won’t Save Covid-19 Crashed Oil Prices

Global oil markets received the price war truce they had long sought, but hopes for a significant and sustained rebound in prices are still likely misplaced.  OPEC+, the group of oil producers led by Russia and Saudi Arabia, respectively the world’s second and third largest crude producers and top two exporters, reached a tentative agreement to trim oil production by 10 million barrels per day (bpd) to help ease the economic impact of the coronavirus crisis on global demand.

Read Here – Asia Times

Striking Oil Ain’t What It Used To Be

At a time when many countries are finally trying to reduce their reliance on fossil fuels, the world is suddenly awash in oil and gas discoveries. But for the countries with the newest finds, many of them in Africa and South America, mineral wealth may not be the bonanza it was in decades past.

Read Here – Foreign Affairs

How The Energy World Of Tomorrow Reshapes Geopolitics

To understand geopolitics we need to understand power, which in turn derives from the perception of national wealth. The way nation-states use their wealth to defend their interests helps to shape our perception of their place and their role in the world. Soil resources are among the most important elements of wealth. But it is the human being who evaluates those elements — as such, the human resource is superior to them.

Read Here – RealClearWorld

The Geopolitical Implications Of The Global Energy Transition

If for more than half a century oil and natural gas have been at the heart of the geopolitics of energy, it is sensible to investigate if and how this will change as a result of the global energy transition, a process driven by decarbonisation policies and by quick developments in renewable energy technologies and electric cars.

Read Here – Bruegel

China Brings The Coal, Pakistan Pays The Price

Pakistan’s virgin beaches are located in District Gwadar, which is the major coastal town of Balochistan, and also said to be the epicenter of the China-Pakistan Economic Corridor (CPEC). But the beaches are in danger of being badly affected by a newly planned 300MW coal power plant in Gwadar. Besides the beaches, there will be a significant impact on human lives and the environment.

Read Here – The Diplomat

China’s Great Leap Into Latin America

China’s interest in Latin America is both economic and strategic.  It was the accelerating Chinese economy’s voracious appetite for raw materials that keyed its entry to the region, a land of plenty when it comes to natural resources. Iron, soybeans, copper, and oil make up the bulk of Chinese imports from the region. In turn, securing access to Latin American markets for the export of Chinese manufactured products became a priority as well.

Read Here – RealClearWorld

A Chinese Marshall Plan?

Reports of Chinese companies negotiating buying more businesses and land in Pakistan have been welcomed by many but some who keep a closer watch on such developments have also been advising extreme caution.

Read Here – The Express Tribune

Pakistan And The Hidden Costs Of The CPEC

Nobody doubts that CPEC carries tremendous promise for Pakistan. And nobody doubts that our security forces have made major sacrifices in the war on terror, as well as facing the looming threat from a belligerent India these days. But greater transparency is needed in the financing of CPEC projects. Otherwise, hidden costs of all sorts will start getting bundled into whatever recovery machinery there is, whether power tariffs of gas surcharges or whatever else.

Read Here – Dawn

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