Energy Industry
Reports
The new dynamics of global energy and climate: A conversation with Sustainable Energy for All CEO Rachel Kyte
The new dynamics of global energy and climate: A conversation with Exelon CEO Chris Crane
Panel Discussion |Coal India Ltd.’s Journey and Coal’s Future, with Partha Sarathi Bhattacharyya, author of “When Coal Turned Gold”
The United States has shown on many occasions that it has many other values that supersede oil, including international norms of behavior, free democratic elections, and freedom of speech. Trump can’t afford to have skyrocketing oil prices and rising gasoline prices at the pump going into the midterm elections.
[The Saudis] don’t want to give the US any reason to back away. Using oil as a weapon would hurt Saudi Arabia more than it would hurt the US.
Dollar-denominated oil survived three years of rock-bottom prices and diverging economic fortunes between the United States and the producing countries. It is unlikely to change now that the industry is more flush with cash.
[On economic diversification in oil-producing countries] That was in large part because of the realization that they can no longer depend on oil. Tangentially, the liberalization taking place—such as allowing women to drive—is part of the same trend.
[On impacts of higher oil prices] During periods of price rises in the past, there has been a shift to more fuel-efficient vehicles. That is likely to occur again. However, there remains a price premium for electric vehicles; overcoming this up-front cost, range anxiety and concern about charging infrastructure will be necessary for EVs to take off.