An article I wrote for the IP Journal of the German Council on Foreign Relations is online today. It examines data on China, the EU and Germany’s trade with Latin America and the Caribbean, including in energy. Here’s a quote from near the end:
… China’s exports to Latin America in the low-, medium-, and high-tech categories were below those of Germany and the EU in 2003; but in 2012 [China's exports] exceeded the combined totals of the EU15 in the medium-tech and even in the high-tech categories. The only place the EU15 surpasses China is, rather oddly, in the low-tech manufactured goods …
-> READ THE ARTICLE at GCFP’s IP Journal or at a link from … Continue reading
Posted in China, Economic Crisis, Euroepen Union, Free trade agreements, Germany, High technology, international relations, Latin America and Caribbean, Oil supply, Resource conflicts, The USA, Trade and Commerce, Trade policy, Uncategorized
Tagged Argentina, Brazil, Business and Economy, Caribbean, Chile, China, Council on Foreign Relations, European Union, Germany, High tech, Latin America, South America, Trade, United Nations geoscheme for the Americas, United States, Venezuela
You’re invited to my lecture at The JFK Institute of North American Studies at Freie Universität in Berlin, Germany, Tuesday 6 PM. Here is the flyer, then the Abstract. Tschüß!
“The Global Barrel”
Today’s globalized market-centered energy system defines Washington’s relations with the EU, Japan and OPEC states Continue reading
Posted in Alternative energy, China, Economic Crisis, Energy and Environment, Euroepen Union, Faja of the Orinoco, Germany, heavy oil, international relations, Iran nuclear, Iran sanctions, Iraq, Iraqi oil, Oil prices, Oil supply, OPEC, Persian Gulf, Resource conflicts, Sanctions, Saudi Arabia, The USA, Tight oil, Transportation, U.S. oil
Tagged alternative fuels for transportation, Berlin, China, Energy, freie universität berlin, Japan, jfk institute, Middle East, OPEC, opec cartel, Organisation for Economic Co-operation and Development, United States, US oil, Washington
Al-Naimi at CSIS
Last week in Washington, I attended a talk by Saudi Oil Minister and head of Aramco, Ali al-Naimi, at CSIS. Energy and foreign policy veterans from Daniel Yergin to Brent Scowcroft and Dr. James Schlesinge were on hand to hear al-Naimi’s views. You can read the transcript here, or watch the video embedded below.
Al-Naimi’s contrasted his central theme: “the enduring relevance of oil,” to the predictions made for many years by the adherents of “peak oil”–a theory that he said had itself “peaked in 2009” and has now been shown to be “utterly incorrect.”
Bad News for Venezuela and Iran?
Listening to him describe the global impact that the U.S.A. tight-oil “revolution” will have on the market, plus with Alberta’s heavy oil and so many other new sources from around the globe all coming to market, brought to my mind images of the 1980’s. The 1980’s were the “lost decade” in Latin America. It strikes me that, if he’s right about the trajectory of the global oil sector, the consequences for OPEC’s “price hawk” faction would be sobering. Continue reading
Posted in Aramco, China, Economic Crisis, Energy and Environment, Faja of the Orinoco, heavy oil, international relations, Iran sanctions, Oil prices, Oil supply, OPEC, PDVSA, PDVSA weakness, Peak Oil, Persian Gulf, Resource conflicts, Sanctions, Saudi Arabit, shale oil, The USA, Tight oil, U.S. oil, Venezuelan weak institutions
Tagged Al-Naimi, Ali Al-Naimi, Brent Scowcroft, Daniel Yergin, Saudi, Saudi Arabia, United States, Washington
Presidents Chavez and Ahmadinejad met in Caracas in January (here) and June 2012
I was cited a number of times yesterday in a Bloomberg News article by Nathan Crooks in Caracas and Paul Burkhardt in NYC. I reprint it below because the authors’ research further illustrates an issue I’ve often stressed here.
That is: in spite of President Chavez’ rhetoric promising to stand by Presidents Ahmadinejad of Iran (and Assad of Syria, and previously Qaddafi of Libya), he is actually in no position to withstand the U.S. sanctions that could be imposed on Venezuela for aiding Iran. Continue reading
Posted in Chavez, Economic Crisis, Energy and Environment, Faja of the Orinoco, Gaddafi, heavy oil, Hugo Chávez, international relations, Iran sanctions, OPEC, PDVSA, Persian Gulf, Sanctions, The USA, U.S. oil, Uncategorized, Venezuela diplomacy
Tagged Chavez, Hugo Chávez, OPEC, Petróleos de Venezuela, Venezuela
What are the factors driving up the price of oil? Some cite fundamentals, others over-active speculation,
Persian Gulf & Middle East (UTex Lib. 2008)
and there are certainly major geopolitical issues in OPEC‘s Mideast and North African (MENA) member states–which is what this post is about.
The Present Saudi Pumping Surge is a Key Element of the US & EU Iran Sanctions Strategy
It is certain that the Iran confrontation will only intensify as the mid-summer sanctions deadline approaches. By July, Washington and the EU hope to significantly curtail Iran’s ability to export oil. In this situation, it is perhaps surprising that prices have not gone higher.
This past week, the normally understated Economist, while noting the Saudis’ extraordinary efforts to pump excess capacity, nevertheless warned that the Iran crisis could trigger a worst-ever oil shock:
Posted in China, Economic Crisis, Euroepen Union, international relations, Iran nuclear, Iran sanctions, OPEC, Persian Gulf, Resource conflicts, Sanctions, The USA, U.S. oil, Uncategorized
Tagged China, Iran, Middle East, Obama, OPEC, Saudi, Saudi Arabia, United States
President Santos of Colombia recently went to Caracas where he and PresidentChavez signed a letter of commitment for the “Binational Project on the Venezuela-Colombia Oil Pipeline” to run 3,000 km. from Venezuela’s Faja heavy-oil region, west across Colombia to the Pacific port of Tumaco. (El Universal and El Universal). After many disappointments in recent years in collaborations with PDVSA, Latin American presidents haven’t endorsed many joint projects lately. Nevertheless, Santos was beside himself with enthusiasm after the five-hour meeting on 28 November, declaring “Wherever we’ve mentioned this, people’s eyes open wide.” (Reuters)
Let’s look at some data to see if Santos and Chavez are really onto somehing here. Continue reading
Posted in Chavez, China, Economic Crisis, Energy and Environment, Faja of the Orinoco, heavy oil, Hugo Chávez, international relations, PDVSA, Resource conflicts, U.S. oil, Uncategorized, Venezuela diplomacy
Tagged China, Colombia, Evo Morales, Latin America, Pacific Ocean, Panama Canal, pipeline, Santos-Chavez, United States