Energy Realpolitik

Amy Myers Jaffe delves into the underlying forces shaping global energy.

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The Suezmax sized oil tanker Karvounis lies at anchor stranded off the coast of Louisiana for lack of a bank letter of credit to discharge its cargo of Venezuelan heavy crude, south of Port Fourchon, Louisiana, U.S. August 17, 2017. (REUTERS/Jonathan Bachman)

OPEC’s Venezuela Dilemma and U.S. Energy Policy

As senior officials from the Organization of Petroleum Exporting Countries (OPEC) gather in Houston for the international industry gathering CERA Week, they will be listening carefully to speeches by the CEOs of the largest U.S. independent oil companies about the prospects for the rise in U.S. production in 2018 and 2019. Likely, they won’t like what they hear. U.S. industry leaders are saying U.S. shale production could add another one million barrels per day (b/d) or more on top of already substantial increases, if oil prices remain stable. Read More

February 22, 2018

China’s Coming Challenge to the U.S. Petro-Economy

U.S. oil production is set to surpass its all-time record monthly high (first set in 1970), and U.S. liquefied natural gas exports are roaring ahead, with 800 billion cubic feet already shipped since 2016. The U.S. Energy Information Administration is expecting the United States to become a net exporter of natural gas soon. This all bodes well for the Donald J. Trump administration’s aspiration for America to “dominate” global oil and gas markets and will improve the U.S. trade balance.

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February 6, 2018

Energy and Climate Policy
Is Natural Gas the Transition Fuel for Hydrogen?

This post is co-written by Joan Ogden, professor of environmental science and policy at UC Davis and director of the Sustainable Transportation Energy Pathways (STEPS) program at the campus’ Institute of Transportation Studies.

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January 23, 2018

How Much Worse Can it Get for Venezuela’s State Oil Firm PDVSA?

Venezuela’s latest attempt to raise capital by issuing a cryptocurrency, the petro, linked allegedly to its Orinoco oil reserves is problematical on so many levels, it is hard to know how to comment on it beyond pointing out the U.S.

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