Energy Security
Reports
The new dynamics of global energy and climate: A conversation with Sustainable Energy for All CEO Rachel Kyte
Panel Discussion | Renewable Energy and India’s energy transition: A status check
The new dynamics of global energy and climate: A conversation with Exelon CEO Chris Crane
[On the state of mulilateralism in the world today, and its effects on energy and climate issues] The global political environment is really challenging right now, with nationalism taking hold in many countries.
[On Russia, Saudi Arabia and oil prices] This is testing out what prices everyone can live with, and it sounds like the Russians can live with prices slightly lower than what the Saudis want to live with. How durable is this Russia-Saudi agreement? They made it under some serious duress after the price drops from 2014-16, and they didn't have much choice. Do their interests align over the long term? We may begin to see the answer as they begin to chat at the G20.
[On oil prices] The question is whether they want to get crosswise with the Saudis or not. It's not friendly cooperation, especially the Saudis and the Russians. This is definitely more a marriage of convenience than love.
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.
[On the Trump's administration's national security arguments to boost coal production] When you want to intervene in the energy markets, national security is the nuclear option.That's what they tried to do with the reliability order, and it sounds like what they're trying to do here.