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 »
As abundant domestic natural gas production erodes coal’s market share in the US, coal producers are looking to overseas markets for growth. At the Argus Americas Coal Summit, Richard Morse gave a presentation discussing the competitive dynamics of US coal exports in world markets. Morse argued that conditions for expansion of US steam coal exports are favorable, but key risks remain that could make or break this “globalization” of the US coal market. Read more »
Several PESD Working Papers helped inform the analysis of the newly released 2011 World Energy Outlook. Read more »
PESD Working Paper #101 on Australia's black coal industry featured in Platts Coal Trader InternationalAnnouncement
Platts' most recent issue of Coal Trader International features PESD Working Paper #101 by Bart Lucarelli. The paper sketches the development of Australia’s export coal industry, from its shaky start in the aftermath of the Second World War amid a glut of cheap oil, to the "phenomenal success story" of today.
- » Australia's Black Coal Industry: Past Achievements and Future Challenges
- » Platts International Coal Report
PESD paper on the future of South African coal featured in Bloombergin the news: Bloomberg
In the Bloomberg news article "Zuma's Quest for India Ties Threatens S. Africa Power Supply," PESD Working Paper #100 by Anton Eberhard titled "The Future of South African Coal: Market, Investment, and Policy Challenges" was cited in the estimation of the price Africa's utility Eskom Holdings Ltd. pays for coal.
PESD releases cutting-edge study on the future of Australia's coal market
Critical challenges now facing the industry are poised to determine whether Australia will continue to be the globe's largest coal supplier.
PESD study on China's effort to restructure its coal market featured by Bloomberg and Plattsin the news: Platts on December 15, 2010
Platts and Bloomberg News highlighted key findings from the recent PESD report, "Remaking the World's Largest Coal Market: The Quest to Develop Large Coal-Power Bases in China".