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Dr. Frank Umbach
OPEC's influence in the global oil market has greatly diminished in recent years, mainly due to the shale revolution in the United States, but also because of diverging interests among its members. It has pledged to cut production, but doing so may prove difficult. There are still some scenarios where OPEC could rise to prominence, but the most likely scenario is for it to be further marginalized.
In December 2015, the European Union and Kazakhstan signed a new “enhanced partnership and cooperation agreement,” which, among other things, calls for greater collaboration on energy issues. Closer ties – whether in the form of natural gas supplies or green technologies – could benefit both sides. However, the success of the initiative depends on how they approach...
Japan is moving full throttle toward renewable energy. Five years ago, before the Fukushima Daiichi accident in March 2011, such a development would have been inconceivable because the country’s so called “nuclear village” held tight control over the energy sector. The powerful pro-nuclear lobby comprised of elite bureaucrats, utility executives, academics and jour...
Dr. Stefan Lippert