A wide-ranging interview on the “perfect storm” of low prices from low demand plus rising production, the Saudi market strategy and some geopolitical implications.
A wide-ranging interview on the “perfect storm” of low prices from low demand plus rising production, the Saudi market strategy and some geopolitical implications.
Posted in Aramco, Energy and Geopolitics, Energy and Geostrategy, Global Oil Market, Global Oil system, international relations, Iran sanctions, Iraqi oil, Libya, Oil prices, Oil supply, OPEC, Resource conflicts, Russia, Saudi Arabia, Saudi Arabit, shale oil, U.S. oil, Uncategorized
Tagged Ali Al-Naimi, Energy, geopolitics, Iraq, oil sector, OPEC, Saudi Arabia, Saudi market strategy
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
Posted in Energiewende, Energy and Environment, Energy and Geopolitics, Energy and Geostrategy, Euroepen Union, European Union, Germany, Global Oil Market, Global Oil system, international relations, Iran nuclear, Oil course, Persian Gulf, Putin, Russia, Saudi Arabia, Saudi Arabit, The USA, Trade and Commerce, Trade policy, U.S. oil, Ukraine, Uncategorized, unconventional energy
Tagged Beijing, Berlin, China, CSIS, Energy, energy issues, foreign policy, Germany, Iran, JFK Institute of Freie U., Middle East, Obama, oil sector, OPEC, Petróleos de Venezuela, Saudi Arabia, United States, US energy policy, Washington, Zbigniew Brzezinski
For Spanish speakers: below is an article from Tal Cual daily in Venezuela summarizing my blog on Saudi oil minister al-Naimi’s opinons on the “North American tight-oil revolution” and their implications for Venezuela and Iran. The article is by Jose Suarez Nunez.
Para hispano parlantes: Aquí abajo está un artículo en Español publicado en Tal Cual de Caracas, un resumen de mi blog de la última semana que trató en las opiniones del ministro de energía saudita Sr. al-Naimi, y en las implicaciones para Venezuela e Irán. Continue reading
Posted in Aramco, Chavez lagacy, Faja of the Orinoco, heavy oil, Hugo Chávez, international relations, Iran nuclear, Iran sanctions, Oil prices, Oil supply, PDVSA, Peak Oil, Persian Gulf, Resource conflicts, Saudi Arabia, Saudi Arabit, shale oil, Tight oil, U.S. oil
Tagged Caracas, Iran, Latin America, Naimi, Saudi Arabia, saudi oil, South America, Tight oil, u s energy, Venezuela
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 Schlesinger 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