Greeks and other southern Europeans could now be feeling schadenfreude as Germany faces the collapse of its economic model in the face of the Ukraine war and the new cold war with China. But with a democratic Europe in the balance, this is no time to gloat. Read More Here
Time will tell whether President Joe Biden’s Middle East trip proves to be a turning point, but those who dismiss its importance are missing the bigger picture. Read More Here
As Russia plays hardball with Europe’s gas supply, the continent is staring down a worrisome energy future—and it’s not alone. Read More Here
Today’s global energy crisis could turn out to be even worse than what the world experienced in the 1970s. Much will depend on more informed collaboration between governments and industry leaders, with policymakers properly understanding and managing the energy flows on which modern economies depend. Read More Here
As President Joe Biden prepares to travel to the Middle East, his administration faces several challenges in its relations with Israel, Saudi Arabia, and other regional (non-treaty) allies. Read More Here
Prior to Russia’s invasion of Ukraine, Chinese President Xi Jinping was likely adding up the benefits of his warming relationship with Vladimir Putin. His Russian counterpart was pushing back against U.S. power, straining American alliances in Europe, and harassing a young democracy next door in Kyiv—all at almost no cost to China. Read More Here
The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter. Read More Here
If renewable energy sources like wind and solar are now competitive with fossil fuels, what’s stopping advanced economies like the United States from quickly shifting to a 100% clean-energy system? The short answer is that politicians are standing in the way of both markets and public opinion. Read Here | Project Syndicate
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 […]
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 […]
