Great Decisions 2023 | Topic 1
How will changes in the energy industries impact relations between countries?
Access to oil and gas has long held an influence over the politics of individual nations and their relations with others. But as more countries move toward sustainable energy, and supply chain shortages affect the availability of oil and gas, how will this change the way in which the United States interacts with the outside world? By Carolyn Kissane
Photo by State Emergency Service of Ukraine/Newscom
Energy Geopolitics News
- Gasoline Price Falls Below Year Ago Level
- US gas is cheaper than before Russia invaded Ukraine
- Higher UK energy bills here to stay, warns oil company boss
A short read from the Head of the International Energy Agency arguing the current crises in the energy space do not mean a shift away from clean energy, but rather, a possible expedited movement towards lower carbon energy.
Bordoff looks at why Russia's invasion of Ukraine and the resulting energy crisis is different from past energy security events. He specifically argues this time it's not just about the oil, but also about natural gas, and other sources of energy. It's not an oil crisis but an energy crisis. The Russian invasion of Ukraine happened during a period of upheaval in energy, and only exacerbated by Russia's weaponization of its natural gas exports to Europe.
Gallagher, in this Foreign Affairs piece, looks at the developing world, and the rise in carbon emissions we can expect as countries, such as India and Indonesia, address domestic demand with more fossil fuels, and the resulting increase in expected carbon emissions. The developed world is decoupling economic growth away from rising emissions, but not yet in the developing world where energy poverty continues to persist.
Great Decisions 2024 cover image.