Global Economic Outlook In 2015 – Not Very Different From This Year
Businessweek takes a look at what to expect next year
Tag: Oil Prices
Oil Woes Are Back, And How…
Brent crude was projected by Wall Street analysts to average as much as $116 a barrel by the end of the year. Now, with violence escalating in Iraq, how far the price will rise has become anyone’s guess. Read Here – Bloomberg
It’s The Gas, Stupid
China has revolution envy. The world’s largest energy consumer wants a natural gas boom to match the speedy transformation in the U.S., where shale gas production more than quadrupled between 2007 and 2012. Read Here – Bloomberg
Shale To Not Pale Saudi Oil
the shale oil bonanza in the United States is actually a good thing for Riyadh. Over the last few decades, oil markets have experienced sharp price fluctuations, particularly with growing demand for oil in the emerging Asian economies. Read Here – Foreign Affairs
U.S. Oil And Foreign Policy Dividend
The domestic benefits of the U.S. oil production boom are well documented — everything from the creation of high-paying jobs to sending less money to foreign oil producers. Less well appreciated are the geopolitical benefits. U.S. oil production has already paid foreign policy dividends in at least one vital area… Read Here – Reuters
Saudi Oil Power And Its LImitations
Saudi Arabia is facing multiple fronts for potential destabilization. A modern society and wealthy citizenry have depended on millions of skilled and unskilled foreign workers to build infrastructure and keep homes, banks and, restaurants running smoothly. Oil money is also behind tremendous investment in education and other social benefits. Yet fossil fuels are limited. Competition […]
Can Saudi Arabia Outlive North America’s New Energy Boom?
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, […]
Asia’s New Prize
Every few decades a new energy source comes online and promises to revolutionize the way the world fuels its economies. This was true of the shift from coal and whale oil to conventional oil in the 19th and early 20th century. Then, in the 1960s and 70s came the nuclear power revolution soon followed by […]
Should America Be Happy That China Is Now The Biggest Oil Importer?
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 […]
Saudi Money Shaping U.S. Research
Saudi Arabia’s oil reserves are expected to run dry in fifty years. This prospect has encouraged the Saudis to go shopping for cutting-edge science that can secure the kingdom’s future—at elite American research universities. King Abdullah and Saudi Aramco are spending tens of billions on technology research to make the oil last longer and develop […]
looking beyond borders 