International Market Analysis

 

Category Archives: Energy Security

Carbon Offsetting In The Global South Provides A Moral Hazard – And No Escape

The COP27 conference which wraps up in the Egyptian resort of Sharm-el-Sheikh featured dire environmental predictions. Secretary-General of the United Nations António Guterres warned world leaders we are “on a highway to climate hell with our foot still on the accelerator”. This has prompted an array of responses of varying efficacy, including carbon offsetting on a global

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Democrats’ And GOP Energy Policies Clash At Midterms

President Joe Biden’s recent statements denouncing coal drew fire from Sen. Joe Manchin (D-W.Va.) and several western Democrats, upsetting the calculus for many elections out west. In midterms, Biden may have forgotten, all voters have a say, not just the activist base. To make things worse, Biden also “promised” to stop all oil drilling in a Q&A

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Don’t Expect Energy Sanctions To Stop Iran’s Crackdown

The Iranian government’s violent crackdown on protests stemming from the murder of Mahsa Amini by Iran’s Morality Police is driving the West to levy further sanctions against Iran. The US Treasury Department has already placed extensive financial sanctions on the members of Iran’s Morality Police with the US State Department promising more to follow. With the protests continuing to gain steam as Iran’s

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Russia Is Threatening Europe By Attacking Ukrainian Energy

Russia’s targets are not limited to nuclear. A September 12th attack on Ukraine’s second largest thermal powerplant left thousands in major metropolitan areas without power. The attack was a response to Ukrainian counteroffensives, where the Ukrainian military retook over 6,000 sq km of the Russian-occupied territory in the Balakleya, Izyum and Kupiansk regions, and seized the initiative. While this

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The Greed And Geopolitics Of The OPEC+ Oil Production Cut

This move is not unexpected. As I wrote here, President Joe Biden’s failure in Saudi Arabia in July to secure more oil production shook Saudi Arabia’s transactional relationship (security for oil) with the USA to its foundations. Saudi Arabia began importing Russian fuel oils for domestic use to free up more crude oil for export months ago, with the

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Russia’s Purported Sabotage Of The Nord Stream Pipeline Marks A Point Of No Return

There can now be no negotiated reopening or resumption of deliveries even if the battlefields of Ukraine instantly fall silent. The Russians have achieved their immediate goal, with Reuters reporting “Nord Stream AG said it was impossible to estimate when the gas network system’s working capability would be restored.” This winter, Europe is doomed to face

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