Saturday, November 23

Energy Policy, Oil & Gas

Traditional energy such as oil, gas, coal, and natural gas plays a big role in international relations. Organizations such as the OPEC cartel, the International Energy Agency, and the G7 factor in.

A Closer Look: Causes & Effects of Global Coal Shortage
4Nov By Ramsha ZubairiNo Comments
Energy Policy, Oil & Gas, Global Economics, Types of News: Analysis

A Closer Look: Causes & Effects of Global Coal Shortage

AP photo of Northwest China Coal Shortages Caused Power Outages in India, China And Tajiskistan By Ramsha Zubairi November 4, 2021—Coal prices surged this Fall, producing electric outages in multiple countries. As the global economy continues to get back on track after the pandemic, coal industries struggle to meet the rising demand for the commodity. Graph by Trading Economics. In recent weeks and months, many communities in India, China and Tajiskistan faced some of the worst power outages that they have in years. In China, the population got by with streetlights and elevators turned off and limited heating of offices. Some factories and schools were also forced shut to manage the electricity crisis. Overall, China underwent what has been its worst power shortage in de...
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Coal, China And Climate Change
1Nov By Ramsha ZubairiNo Comments
Climate Action, ESG, Sustainable Finance, Domestic Politics, Energy Policy, Oil & Gas, Types of News: Analysis

Coal, China And Climate Change

Editor's Note: As the COP26 takes place this week, many leaders on climate action are pointing to China and calling on the world's largest emitter of carbon dioxide gas to do more. This is the first of a series of reports on coal production and consumption by contributing writer Ramsha Zubairi. China's Climate Goals Are 'Unimpressive,' Observers Say November 1, 2021—China is the biggest producer, consumer and importer of coal, and as the country’s economy continues to grow post-pandemic, its demand for the commodity moves in the upward direction. That makes China's absence from this year's COP26 especially worrisome for climate activists. With global climate change happening now, it is increasingly necessary to cut down on greenhouse gas emissions. More than 70 percent of e...
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As The Economy Goes Greener, The Job Market Is Evolving Rapidly
19Aug By Steve BerlinNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Types of News: Analysis

As The Economy Goes Greener, The Job Market Is Evolving Rapidly

Solar jobs are growing. Photo: Science in HD, Unsplash Policymakers Deal With Both Climate Change And Economic Losses In Fossil-Fuel Communities August 19, 2021--As the long-term fight against global climate change intensifies, workers and communities reliant on the fossil fuel industry are increasingly feeling the pinch of potential job losses and revenue. That presents a challenge for policymakers in the public and private sectors. As they move toward a greener economy, they also need to think in terms of mitigating losses in traditional energy sectors. "It's important to be doing it now because the transition is beginning to accelerate," said Phil Jordan, vice president at BW Research Partnership. "We have to figure this out in the next three to five years at the latest." ...
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Biden, Automakers, UAW Unite to Promote Electric Vehicles
7Aug By Steve BerlinNo Comments
Climate Action, ESG, Sustainable Finance, Domestic Politics, Energy Policy, Oil & Gas, Global Economics, Types of News: Brief, Types of News: Videos, United States

Biden, Automakers, UAW Unite to Promote Electric Vehicles

President Biden held an event with U.S. and Dutch automakers August 5, 2021 at the White House. Executive Order Establishes New Rule-Making on Emissions Standards And Sets Goal 50 Percent Electric Vehicles by 2030 August 7, 2021--President Joe Biden signaled a new push for U.S. battery manufacturers and lower greenhouse gas emissions with an Executive Order calling for half of all new cars and trucks made in America to be electric by 2030. In addition to setting that goal, the president called for federal investment in building a national network of a half-million electric vehicle charging stations, customer incentives that will result in more manufacturing and union jobs, financing and retooling the domestic manufacturing supply chain, and developing more clean technologies. Fund...
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Europe Agrees on 2030 Emissions Targets, Changes to Energy and Transport Sectors
11Dec By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Europe, EU, Eurozone, Types of News: Brief

Europe Agrees on 2030 Emissions Targets, Changes to Energy and Transport Sectors

Dec. 11, 2020--A year after introducing the Green New Deal, the European Council agreed today to targets for reducing greenhouse gas emissions within the next decade. The plan envisions cutting emissions by 55 percent of 1990 levels by 2030. The deal requires significant changes to the energy and transportation sectors. It also calls for investment in energy-efficient buildings and infrastructure for electric cars. European Commission President Ursula von der Leyen said the agreement "future-proofs" the European Union. "Today's agreement puts us on a clear path towards climate neutrality in 2050. It gives certainty to investors, to businesses, to public authorities and to citizens," von der Leyen said in remarks given after the European Council meeting today. Leaders emerge fr...
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GUEST POST: The Shattering of Global Oil
28Apr By Guest WriterNo Comments
Energy Policy, Oil & Gas, Type of News: Guest Post, Types of News: Analysis

GUEST POST: The Shattering of Global Oil

By Peter Zeihan Oil demand is relatively inelastic. That’s a fancy-schmancy economic term that means people and firms’ energy demand doesn’t vary very much from day-to-day or even year-to-year. Driving to work is perhaps the most accessible example. You do it every workday. If you don’t, you don’t work. And so you drive. Your gasoline demand is stable. Inelastic. Doesn’t matter much if gasoline sells for $1 or $4. On the price side, this means the “normal” rules of supply and demand barely apply. Even minor shifts in supply or demand have wildly outsized impacts on price. We’re used to seeing this as a shortage. China booms and oil prices go up. Iran and Iraq go to war and prices go up. Derivatives trading enters the world of oil and prices go up. Geopolitical Shocks to Oil Pr...
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Instability in Key Trade Route ‘Jeopardizes Trade and Energy Supplies’
22Jan By Patti MohrNo Comments
Energy Policy, Oil & Gas, Global Trade, Types of News: Brief

Instability in Key Trade Route ‘Jeopardizes Trade and Energy Supplies’

January 22, 2020-In a sign of the escalating tensions between the West and Iran, more countries are expressing support for the international coalition protecting shipping traffic through the Strait of Hormuz. South Korea is the latest to announce a plan to send a naval destroyer to the strait. On Tuesday, the government said it is sending an independent and temporary mission to "guarantee the safety of our people and the freedom of navigation of our vessels,” according to a news report in Stars and Stripes. Iran had previously warned South Korea against joining a US-led coalition. New European Naval Mission On Monday, the governments of Belgium, Denmark, France, Germany, Greece, Italy, the Netherlands, and Portugal released a joint statement warning that rising instability in the ...
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8Jan By Patti MohrNo Comments
Energy Policy, Oil & Gas, Sanctions, Types of News: Brief

‘We Do Not Need Middle East Oil,’ Trump Says

January 8, 2020-As he addressed the nation and the world at the height of an escalating crisis between Iran and the United States, President Donald Trump emphasized American strength in military capabilities, economic growth and natural resources in a sign he is not backing down from the possibility of war with archrival Iran. Trump called on signatories to the 2015 nuclear deal with Iran to abandon the agreement, asked the NATO alliance to take a stronger role in the Middle East, and announced new economic sanctions on Iran. Trump showed no sign of de-escalating the conflict with Iran. He said Iranians chanted "death to America" even as the United States signed onto the 2015 nuclear deal and fomented conflicts in Yemen, Syria, Lebanon and Iraq. Furthermore, he reinforced his decisio...
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Russia Signs Arms, Energy Deals with African Countries
24Oct By Patti MohrNo Comments
Arms Sales, Military Industry, Diplomacy, Energy Policy, Oil & Gas, Geopolitics, Global Trade

Russia Signs Arms, Energy Deals with African Countries

October 24, 2019—In the first-ever Russia-African Summit being held this week in Sochi, Russia, Russia signed a series of memorandum of understandings and trade agreements with 54 African countries, the Moscow Times reported. The deals include $4 billion worth of Russian weapons, military helicopters, an investment cooperation deal on an oil pipeline, and potentially a nuclear power station in Ethiopia, according to the article. Debt Write-Off Russian President Vladimir Putin offered to write off $20 billion worth of African debt. Furthermore, he said he plans to double Russia's trade with the African continent within four to five years. Rosatom, a state-nuclear company is in talks with the government of Ethiopia to build a nuclear power station. The Russian enterprise already has...
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Coal Can’t Compete With Gas & Renewable in Europe, Study Says
24Oct By Patti MohrNo Comments
Energy Policy, Oil & Gas, Types of News: Brief

Coal Can’t Compete With Gas & Renewable in Europe, Study Says

October 24, 2019-In a sign that renewable energy and natural gas are increasingly gaining market power, a study released today by the Carbon Tracker Initiative finds that 79 percent of coal generators in the European Union are running at a loss. "Owing to relentless competition from ever lower-cost wind and solar, and gas, these losses could be sustained for the foreseeable future," according to the Carbon Tracker Initiative, a London-based think tank focused on climate change. The new study suggests the coal industry cannt survive, unless it is supported by heavy government subsidies, due to sustained competition from wind and solar power and temporarily cheap natural gas. "EU coal generators are haemorrhaging cash because they cannot compete with ever-cheaper renewables and...
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