In The News

Sovereign Debts in a Fossil-Fueled World

Will Hickey April 8, 2014
Transition away from fossil fuels toward new alternatives is not going smoothly. Proponents of alternatives confront a powerful industry with longstanding incentives and favorable tax policies, suggests analyst Will Hickey. Around the globe, economic struggles and immediate profits take priority over development of alternative energies. Emerging economies are in a race to catch up with the living...

Shale Gas Helps Fracture US-Saudi Ties

Joergen Oerstroem Moeller April 1, 2014
President Barack Obama traveled to Saudi Arabia to meet with King Abdullah, and both men “recognize that the geopolitical ground shaped by their common interest in stable oil prices has shifted, creating a new imbalance that could spill over into Mideast security policy,” suggests researcher Joergen Oerstroem Moeller. The so-called shale-gas revolution and eventual self-sufficiency in the United...

America's Energy Edge

Robert D. Blackwill and Meghan L. O'Sullivan February 26, 2014
Discoveries of shale energy throughout the Americas and beyond will upend geopolitics. “The fracking revolution required more than just favorable geology; it also took financiers with a tolerance for risk, a property-rights regime that let landowners claim underground resources, a network of service providers and delivery infrastructure, and an industry structure characterized by thousands of...

Ecuador Approves Yasuni Park Oil Drilling in Amazon Rainforest

September 13, 2013
Ecuador is moving to open an Amazon national park, one of the most biodiverse areas in the world, for oil drilling. Developed nations balked at a UN-backed conservation plan that included international payments for not drilling in Yasuni National Park, reports BBC News. “Oil is Ecuador's main export,” reports the article, adding that drilling could start in weeks. President Rafael Correa...

Shale Energy No Quick Solution

Deepak Gopinath September 3, 2013
Innovations in drilling and hydraulic fracture technologies have opened new supplies of shale oil and gas for the United States, and other countries are intrigued. The United States anticipates energy independence, but the “shale boom may be more short-lived than many had expected, and shale’s global potential may also be overstated,” writes Deepak Gopinath, an independent economist based in New...

The Shale Oil Revolution

July 24, 2013
New US drilling technologies have shifted nations’ rank for energy potential, and rising production in the US and throughout Asia has reduced prices, exports and GDP growth for Russia. The Asia Sentinel reports that the US has passed Russia as the largest producer of natural gas, and research from Samsung Economic Research Institute suggests that “China, one of the world's biggest energy...

Time for India to Clean Up Its Act

Nayan Chanda July 8, 2013
Nations all over the world are keen to explore and drill for oil and gas in a melting Arctic– even though research roundly blames human reliance on fossil fuels for a rapidly warming climate. China, Japan, India, Korea and Singapore are among 12 permanent observer states on the Arctic Council, added just five days after researchers reported the level of carbon dioxide had climbed past 400 ppm for...