November 24, 2012

What the U.S. Oil Boom Means for Russia

Chris Weafer, Moscow Times

AP Photo

Relying on long-term oil projections is inherently dangerous. But that is exactly what the Russian government is doing. By delaying reforms, the country is relying on the International Energy Agency's price and demand projections and assuming that the storm clouds now gathering in the U.S. will dissipate. China, India and the rest of Asia will have to continue growing annual oil imports by more than 1 million barrels per year for the next 10 years to compensate for the expected cut in U.S. imports and the growth in supply from Iraq and elsewhere. That is nothing short of wagering future economic growth by rolling the dice in a game where nonconventional oil and gas are changing the odds. Read more:...

Read Full Article ››

TAGGED: energy, United Russia, United States


November 15, 2012
Maybe America Doesn't Need Canada's Oil After All
Winnipeg Free Press
Gracious! How the future has changed! A year ago, the 2011 World Energy Outlook of the International Energy Agency predicted that oil imports by the United States would continue indefinitely but would decline. China was going to... more ››
November 19, 2012
Energy Security Problems Shift to Asia
Chatham House
  There is a heavy agenda for President Obama during his three day visit to Cambodia, Thailand and Burma. At the East Asia Summit he will join Asean leaders plus representatives from Russia, Japan and China, seeking common... more ››
November 17, 2012
U.S. Energy Will Change the World, Again
Daniel Yergin, Financial Times
American energy independence, for decades the preserve of quixotic rhetoric, has become a serious prospect thanks to the resurgence in US oil and gas output. The International Energy Agency this week projected that the US could... more ››
November 21, 2012
Putin Turning Russia into One Big Enron
Anders Aslund, Moscow Times
In a few quick decisions, President Vladimir Putin has devastated Russia's energy policy. This daring radical change of strategy will primarily hit state revenues. The essence of these policy changes is renationalization, a... more ››
November 13, 2012
What Global Energy Looks Like in 2035 (PDF)
Int'l Energy Agency
Taking all new developments and policies into account, the world is still failing to put the global energy system onto a more sustainable path. The New Policies Scenario, our central scenario, shows that several fundamental... more ››