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 »
in the news: Bloomberg News on April 16, 2012
PESD associate director Mark Thurber argues in Bloomberg News that Argentina’s government should not expect a near-term boost in domestic fuel production from its planned re-nationalization of oil company YPF, which is majority-owned by Spain’s Repsol. Even over the longer term, national oil companies are not always effective instruments for serving government goals like increased domestic production. The timing is especially sensitive given the nascent development of Argentina’s massive unconventional hydrocarbon resources. 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 »
In their Energy Policy article, entitled "Exporting the ‘Norwegian Model': The effect of administrative design on oil sector performance," PESD researchers Mark Thurber, David Hults, and Patrick Heller present work casting doubt on the idea that imitating best practices from Norway is necessarily the best route to improved oil sector performance for other countries.
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in the news
Frank Wolak was an invited commentator writing in the FREAKONOMICS June 21, 2011 blog posting titled, "What Happens Next as the World Turns Away From Nuclear Power?" Read more »
Video: Morse Led the SLAC Colloquium on Coal Renaissance in a Post-Kyoto World
On Monday, June 13, 2011, as part of SLAC National Accelerator Laboratory's colloquium series, Richard Morse from the Program on Energy on Sustainable Development led the talk on “Addressing the ‘Coal Renaissance’ in a Post-Kyoto World.” Morse discussed the outlook for global carbon policy, how international coal markets are evolving, and what strategies and technologies might realistically be used to reduce emissions from coal. This Included discussions on the latest developments in Europe, China, and the US in carbon policy, and an analysis of international coal markets highlighting key issues for the future of Chinese energy consumption.