Energy evolution
While attempts are being made to move away from fossil fuels for energy production, the transition is not happening as efficiently as many predict. New methods of extracting oil and gas have kept these resources cheap and plentiful and have turned importers into leading exporters. Meanwhile, failed policies – many of them based more on emotion than on scientific facts – have exacerbated many of the problems energy markets face – or created new ones.
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GIS Dossier: Mozambique’s roller-coaster ride
Mozambique seemed to have it all. Its economy took off after a long and bloody civil war ended in 1992, accelerating further after discoveries of vast natural gas and oil reserves in 2010-2012 prompted the government to liberalize the energy sector. Yet the country’s rags-to-riches scenario has yet to materialize, ...
The disruptive power of American tight oil
The shale revolution in the United States has transformed the domestic oil industry and global oil markets. Tight oil has both increased supplies and shortened the reaction time of production to prices, with the U.S. industry proving more resilient than many expected. New competition has reduced the leverage of other ...
GIS Dossier: The shale gas revolution
Early in this century, the U.S. unexpectedly moved from being a major natural gas importer to a significant exporter and changed its energy consumption to a more environment-friendly mix. It all happened due to its development of shale gas production. The world’s two other major gas markets – Europe and ...
The U.S. shale revolution continues to alter gas markets
The shale revolution has transformed global gas markets and turned the United States into the world’s leading producer. Now a net LNG exporter, the U.S. has challenged established exporters and changed the old pricing order. Europe, which is increasingly reliant on gas imports, is turning to American exports to reduce ...
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More Disruptions
Expanding state
A trend toward increased government influence in economies and personal life is curbing growth, and freedom, in many Western countries. The outsized role of government results in misplaced incentives, overregulation – which restrains markets and competition – and irresponsible budgetary ...
Middle East politics
The region, one of the cradles of civilization, is going through a turbulent period of historic realignment. Its powers are vying for political, military, economic and religious dominance with local players and outside actors. Armed conflicts, mainly civil wars, are ...
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