MenuPeak oil, a hypothetical point when global oil production maximizes and enters an irreversible decline, has been the holy grail of resource economics for decades: prized and just as elusive. Recently, technological development including increased digitization has altered conventional understandings associated with “peak oil”. Like other consumable resources, peak oil is grounded in reality: Oil
Category Archives: Middle East
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
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
India, The Rising Power, Is Seeking Oil From The Middle East And Russia
The world’s most populous democracy is searching for ways to satiate its oil hunger, and it has decided to follow the well-worn path of engagement with the Middle East. Continue reading here..
Pariahs And Pals: Emerging Russo-Iranian Energy Cooperation.
Russian President Vladimir Putin, Iranian president Ebrahim Raisi, and Turkish President Recep Tayyip Erdoğan met for a much-heralded meeting in Tehran on July 19th to discuss energy policy, maritime security, and Syria. Many are eager to portray the meeting as a convergence of principled anti-western leaders who will challenge the international system. Read the full
Power Transition in Turkmenistan Could Mean Big Changes for Neighbors
The forthcoming political change will affect vast energy resources, especially natural gas, in Turkmenistan, one of the most isolated and impoverished countries in Eurasia. Read the full article…
Political Risks and Hobbesian Warfare Complicate Libyan Gas Supply for Europe
Since 2011, Libya has been suffering from a Hobbesian state of the war of all against all. Chaos, violence, and warfare massively impaired the north African energy giant’s oil and gas supplies. Read the full article…
Can Qatar Come to Europe’s Energy Rescue?
As the risk of a conflict between Ukraine and Russia grows – one that would undoubtedly imperil European energy security – the Emir of Qatar is invited to visit President Biden at the White House at the end of this month to discuss opportunities for the country to supply liquified natural gas (LNG) to Europe. Read the
OPEC Says To Biden: If You Want More Oil, Pump It Yourself
OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then it has the capability to increase production itself. The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-member top producers guided by Russia,
The Global Take | U.S. at the U.N. General Assembly
In this video series, Dr. Ariel Cohen discusses current events happening around the world. This video discusses the U.S. at the U.N. General Assembly, as well as the U.S.’s ability to lead in the future. Dr. Cohen gives his analysis in an interview with Cheddar News. Continued