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!
ABSTRACT:
“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
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
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 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
The Global Barrel 