Summary Greece’s sovereign debt crisis has led most oil suppliers to decide that they cannot take the risk of trading with Greece. This includes Russia, historically Greece’s largest supplier. This crisis has driven Greece both to draw down its oil stocks and to massively increase its reliance on Iran. As such, Greece is now the […]
Summary The National Petroleum Council (NPC) released an important report that validates the significant growth in U.S. oil and gas supplies. The NPC confirmed that new U.S. natural gas resources could supply over 100 years of demand at current consumption rates. A key subtext of the report revolves around the controversies associated with the rapid […]
Road traffic congestion results in wasteful oil consumption in cities of all sizes, and severely threatens the potential future oil-saving benefits associated with more efficient vehicles and alternatives fuels. In 2010, drivers in U.S. urban areas were estimated to have wasted 1.9 billion gallons of fuel. In the absence of substantial and effective policy intervention, […]
Summary Iran’s recent threats to close the Strait of Hormuz have rattled oil markets and increased the risk premium attached to each traded barrel; however, this is likely just the beginning. The current flare-up follows closely on the heels of a threatened embargo on Iranian oil imports by the European Union and strengthened financial sanctions […]
Summary Following a year of tumultuous energy debates and volatile oil prices, a comprehensive national energy policy has never been more urgent. This Intelligence Report details the energy platforms of all Republican Presidential Primary candidates for the conscientious policy wonk, ordered by their performance in the Iowa Caucuses. The GOP candidates are emphasizing increased domestic […]
