MenuThe Biden Administration – due to take office January 20th, 2021 – is expected to turn political rhetoric into political action when it comes to the nation’s resource use and energy management. Central to this will be decarbonizing the US electricity sector through renewable power sources as part of the much-touted green energy transition. Continued
Monthly Archives: December 2020
Foreign Investment In Renewables And Beyond: The Last Best Hope For Central Asia’s Economic Recovery
Central Asia’s economies have been hit hard by the COVID-19 pandemic, with demand for the region’s prolific oil and gas supplies down substantially over the course of 2020. Relative to last year, global oil demand is expected to contract by 9 million barrels (about 10 percent) and crude prices remain at an anemic $48/bbl. International natural
COVID, Cheap Batteries, And EV Adoption Put Peak Oil Demand In Sight
In September, British oil conglomerate BP made a stunning prediction: the use of oil as a fuel in transport may peak in the mid-to-late 2020s. This means that we are either fast approaching peak oil demand — the zenith of oil consumption growth — or we are already there. Continued
America’s Global Retreat and the Ensuing Strategic Vacuum
Shortly after President Donald Trump ordered a U.S. retreat from Syria and Afghanistan in October 2019, events in the region drew U.S. forces right back in. The administration’s decision to target Gen. Qassem Soleimani, commander of the Quds Force of the Iranian Revolutionary Guard Corps, triggered tit-for-tat retaliation between Washington and Tehran at the opening
Why OPEC+ may welcome the Biden administration
By most accounts, OPEC, the global oil exporting cartel and their allies led by Russia — known as OPEC Plus — should be wary of the incoming U.S. administration’s rhetoric. President-elect Biden campaigned on an historically pro-environment agenda: He intends to rejoin the UNFCCC Paris Agreement on climate change, achieve a carbon-neutral economy by 2050, and