Tag Archives: United States

USA Oil 3.0 | US energy experts on Europe, Russia & Ukraine

Note: I’m teaching a post-graduate course “The Global Oil System & US Policy” at JFK Institute of Freie U. in Berlin. In order to give students a feel for how US energy policy is developed–and to see the views of important US actors–I’m sending them frequent e-mails with supplemental readings and videos  from US think tanks, US government offices and from the US media on energy topics.

These are not my own in-depth analysis like I usually post on GlobalBarrel.com.  However I think they are worthwhile sharing with especially non-USA followers of my blog.  I’ll title these posts “USA OIL” plus a number to label them).  I hope these are useful.  Here’s today’s ‘optional material’ I sent to my students:

How is US energy policy developed? You might find this video of interest.

Some background: The CSIS (Center for Study of International Security) is a non-partisan (i.e., not Democratic or Republican) think tank in Washington, DC. It performs an important role in US foreign policy. Continue reading

My AQ piece: Maduro’s Conundrum as UNASUR Starts Venezuelan Peace Talks

Venezuela Pres. Nicolas Maduro during first UNASUR-and-Vatican mediated peace talk with opposition in Caracas 10 April (Reuters)

Venezuelan President Nicolas Maduro speaking during the first UNASUR-and-Vatican mediated peace talks with the opposition in Caracas 10 April (Reuters)

Here’s my commentary at Americas Quarterly today, 11 April:

A delegation of foreign ministers from the Union of South American Nations (UNASUR) returned to Caracas on April 7 and 8, securing an agreement to hold peace talks to calm political polarization and protests in Venezuela.  The talks are being mediated by the foreign ministers of Colombia, Brazil and Ecuador, plus a Vatican representative.

The UNASUR delegation first visited in late March, recommending that Venezuelan President Nicolás Maduro and leaders of the opposition’s Mesa de Unidad Democrática (MUD) enter into a dialogue.  The U.S. State Department had expressed support, as had Organization of American States (OAS) General Secretary José Miguel Insulza.

However, UNASUR’s plan will be complicated by Maduro’s reliance on paramilitaries within his Partido Socialista Unido de Venezuela (United Socialist Party of Venezuela—PSUV), whose loyalty requires his polarizing words and deeds. This conundrum already wrecked a previous dialogue.

In early February, before protests broke out, a highly placed government official explained to me,  …  CLICK to Continue Reading at Americas Quarterly. Continue reading

A new syllabus: The USA & the global oil system: The formation of American energy policy

global_barrel_graphic_twodDuring Spring 2014, I’m teaching a post-graduate seminar in Berlin  on the USA and  the global market-centered oil system (a.k.a.”The Global Barrel”)–the syllabus sketch is below here.

While I’ve often taught seminars on “the Geopolitics of Global Oil,” the JFK Institute at Berlin’s Freie Universität had a special request: they would like their students to learn “how these policies are decided in the USA.”

For an American energy “expert”, the how of the USA’s policy-decision process is fairly familiar. However, not only for German students, but also for most US citizens, this process–whose outcome has such a profound impact on the entire world– indeed seems at best rather opaque, and, at worst, like an unseemly, vested-interest-driven and hopelessly partisan process. Continue reading

Petrobras of Brazil v. Pdvsa of Venezuela – Reply to press interns in Sao Paulo

Lula and Petrobras

Lula and Petrobras

I had a pleasant exchange with an intern – in the end a class of interns – at the Brazilian newspaper “O Estado de São Paulo” a couple of weeks ago.  The questions were insightful. I tried to answer in an informative and direct manner.  Indeed, things are not going well at Petrobras lately, and looking at the politics of Pdvsa and Petrobras next to one another is a useful exercise. Here’s the interview.

1) Do you agree that PDVSA and Petrobras have both had political mishaps in their administrations? Why?

Yes. Hugo Chavez used Pdvsa as the “goose that lays the golden eggs.” However, he took so much from Pdvsa — especially to support his frequent election campaigns, before each of which he increased public spending to win votes — that the “goose” has been left to starve.

Chavez’ revolution was, in his own words, an “oil revolution” and “oil socialism.” However, he did not understand how to run the national oil company. While he distributed largess from the country’s oil wealth to the poor, he was incapable of introducing a new, higher productivity of labor in Venezuelan society, which is what any real social revolution requires for success. He left the country in a very dangerous situation with a shortage of foreign exchange. If the price of oil falls further due to a US & EU accord with Iran and/or an improvement in the oil production situation in Libya, and Iraq, then Venezuela will face a deep crisis.

Petrobras too, under Lula, began to be viewed as a cash cow after it discovered the pre-salt. As a president. Lula was much more competent organizationally and in economic matters than Hugo Chavez. However, Continue reading

China y América Latina: ¿Quién gana y quién pierde? – Petroguía 2014 (Spanish)

Inversiones energéticos de  China en Latino américa.  Nota que Venezuela está en tercer lugar, en contra de las intenciones iniciales de Beijing en 2007-08.

Inversiones energéticos de China en Latino américa. Nota que Venezuela está en cuatro lugar, en contra de las intenciones iniciales de Beijíng en 2007-08. HAZ CLICK para magnificar. (Grafico por T.O’D.)

[English readers: This post is an analysis I did in Spanish for Petroguía 2014 – the annual hard-copy guide for the LatAm petroleum sector – of China’s oil and gas investments in LatAm and the Carribean.  For Beijing’s other investments, or a presentation, etc. drop me a line. ]

NOTA: La siguiente es mi análisis publicado en Petroguía 2014, la guía anual para el sector petrolífero latinoamericano.  Soy agradecido a los directores del Petroguía por haberme permitido publicar el artículo aquí.  El artículo es una resumen de una investigación que hizo sobre todas las inversiones de China en Latino américa. Si tienen interés en una reportaje o presentación detallada, por favor contactarme.

China y América Latina: ¿Quién gana y quién pierde?

Sumario. El mercado de hidrocarburos ya no está en el norte de América sino hacia el este,  y la mejor estrategia de intercambio con esa plaza la lleva Brasil, mientras que Venezuela y Argentina están a la zaga.

Por Thomas W. O’Donnell

El petróleo y el gas que exportará América Latina en las décadas venideras irán mayormente a China y otras partes de Asia. Y eso es por el efecto combinado de menores necesidades de energía importada en Estados Unidos, gracias a la utilización de los nuevos métodos de fractura hidráulica (fracking) que produce cada vez más petróleo liviano, y por el tope que ha alcanzado su demanda doméstica. Continue reading

DW in Spanish || Obama y Rouhani: ¿Llegarán a un acuerdo nuclear/petrolífero?

ObamaRouhani-usip

[Note: This post on the Iran crisis is in Spanish, consisting of my written answers to the host of “Agenda” on the Deutsche Welle network–the German international TV service.] 

Hoy mi blog es en Español. Trata de la crisis nuclear entre Iran y los EEUU. Aquí abajo están mis respuestas que escribí a las preguntas del entrevistador de el programa ‘Agenda’ en Deutsche Welle, la red internacional de televisión de Alemania (con algo explicaciones adicionales).

Pregunta: Irán quiere poner en marcha las negociaciones con grandes potencias por el tema nuclear, porque creé usted que lo hace ahora?  En qué términos?

Repuesta: Pues, permítame explicarle las razones por las cuales ambos lados ahora quieren reiniciar negociaciones:

(a) Para el gobierno de los EEUU Continue reading

My AS/COA piece: PDVSA Post-Chavez: Will Partnerships with the Private Sector and Chinese Experts Boost PDVSA Oil Production?

PDVSA oil rigs in Venezuela (TalCual)

PDVSA oil rigs in Venezuela (TalCual)

Throughout 2012, and especially after President Hugo Chávez’ death in early March 2013, Venezuela’s national oil firm, Petróleos de Venezuela S.A. (PDVSA), has taken measures beyond anything done in the past decade to raise its lagging production. While the likely impact merits cautious analysis, the drivers of the Bolivarian Republic’s scramble for increased oil revenues are clear.  … Continue reading