The “peak oil” fallacy is not new; in fact it has long inflicted real harm in the geopolitical sphere despite persistent evidence of its falsity. Roger Stern, Research Assistant Professor of Energy at the University of Tulsa’s Collins College of Business, describes in a new PESD working paper how “oil scarcity ideology” influenced US national security policy in profoundly detrimental ways from 1909 to 1980. Read more »
Do State-Owned Companies Have Inside Access to the World’s Oil and Gas Resources?
In a public lecture at the University of Tulsa, PESD associate director Mark Thurber critically considers the idea that national oil companies (NOCs) are elbowing aside private players, both on their home turf and abroad. Live feed at 5 pm PST on January 28, 2013.
Resource nationalism constrained by risk of developing new oil and gas depositsin the news: Reuters on January 15, 2013
A Reuters article cites work by PESD researchers Peter Nolan and Mark Thurber that explains why hydrocarbon-rich nations still need foreign companies to develop frontier resources like oil and gas from shales or in the deep offshore. While governments may successfully employ national oil companies in mature petroleum provinces, private companies are usually better at managing the high risks of frontier activities.
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FSI's Frank Wolak warns of betting against the international spread of shale gas technologies by attempting to export domestic natural gas. Read more »
PESD associate director Mark Thurber appeared on Canada’s Business News Network to discuss new government guidelines that promise greater scrutiny for future corporate takeovers in the oil sands by foreign national oil companies (NOCs). Thurber argued that Canada nevertheless remains comparatively attractive to NOCs working abroad relative to other oil provinces around the world. Read more »
PESD researchers commented in the new issue of the Stanford Energy Journal on what the “shale gas revolution” means for both the U.S. and China. Mark Thurber argues that environmentalists in the U.S. should advocate for both fugitive methane regulations and increased use of gas. Jonathan Strahl and Joseph Chang foresee that economic and regulatory barriers may delay a repeat in China of the North American shale “miracle.” Read more »
in the news
Frank Wolak was interviewed by reporter Anne Makovec of CBS5 of San Francisco about California’s high gasoline prices and how the state’s Low Carbon Fuel Standard (LCFS) is likely to impact the price of transportation fuels in California. Read more »
Frank Wolak was appointed to the Emissions Market Assessment Committee (EMAC) of the California Air Resources Board. Read more »
The Climate Problem is a Coal Problem: PESD in Foreign Affairs
In the current issue of Foreign Affairs, Richard Morse argues that the climate problem is a coal problem, and that coal is not going away anytime soon. Any pragmatic strategy for confronting climate change therefore has to directly confront coal use in the developing world. Articulating new strategies for delivering emission reductions in the coal sector that don’t depend on a carbon price, Morse argues that coal may represent one of the largest and most cost effective opportunities for near-term emissions mitigation on a global scale.
Based on the research in Oil and Governance, PESD researchers Mark Thurber and David Hults argue that the incentives an NOC faces to take, avoid, or manage risk critically determine its strategy and whether it can achieve the particular goals of its host government. Read more »
On Tuesday, December 11, 2012, the Program on Energy and Sustainable Development will host an all-day conference on "The New U.S. Role in Global Fossil Fuel Markets" The conference session topics are: (1) the implications of the unconventional natural gas revolution for the U.S. energy industry and global natural gas trade; (2) the changing role of the U.S. in the global oil market, and its geopolitical and economic implications; (3) the future of the U.S. coal industry in the domestic and global energy industry; and (4) the trends in conventional fossil fuels and alternative energy sources uses in the transportation sector. Each session will feature a presentation by an academic or industry expert followed by discussants from the industry, policymaking, and academic communities, with an opportunity for audience comment and discussion. The conference will conclude with panel of distinguished industry experts addressing the question, “Will Natural Gas Become a Major Transportation Fuel in the U.S.?” Read more »