Asia & the Pacific

The subtitle tells the story. In the early 2000s, many pundits and politicians talked up “peak oil”, “energy scarcity,” and all that. In a geological heartbeat later—about a decade—the world had entered an era of “energy abundance,” largely due to innovations that allowed producers to crack into shale formations to release massive new sources of oil and gas. The United States has gone furthest and fastest in fracking and is setting records for oil and gas production. For the US, says O’Sullivan, this has been an economic, strategic, and environmental game-changer. For the rest of the world, the effects are more differentiated but hardly less profound.

The subtitle tells the story. In the early 2000s, many pundits and politicians talked up “peak oil,” “energy scarcity,” and all that. In a geological heartbeat later—about a decade—the world had entered an era of “energy abundance,” largely due to innovations that allowed producers to crack into shale formations to release massive new sources of oil and gas. The United States has gone furthest and fastest in fracking and is setting records for oil and gas production. For the US, says O’Sullivan, this has been an economic, strategic, and environmental game-changer. For the rest of the world, the effects are more differentiated but hardly less profound.

The world was in suspense a week ago wondering whether OPEC and non-OPEC producers would put more oil on tightening global markets. Turns out: Yes, they will. But, as the story does not end here, it is worth assessing where we are and how we got here. While the U.S. seems to have gotten what it wanted, it is not all good news.

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

The historical record does not support the idea that nuclear energy programs increase the odds of proliferation.

Contrary to conventional wisdom, states with nuclear energy programs are not more likely than those without them to seek or acquire nuclear weapons.

Dr. Ian Bremmer, expert in political risk and founder of the Eurasia Group, gave a seminar sponsored by the the Future of Diplomacy Project on Thursday, November 9 at the Harvard Kennedy School, titled “Managing Risk in an Unstable World."

"The foundations of a Turkey-Japan negotiation with Iran have been laid in decades of dialogue with Tehran and long-established relations focused on energy supplies. Most important, Turkey and Japan continue to maintain strong trade relations with Tehran, which allows them to include economic incentives in a potential proposal. The P5+1 cannot offer such incentives unless they lift a number of sanctions, which seems highly unlikely at the first stage."

"The weakening of the EU's role as an independent and mediatory player in the nuclear talks, however, beyond economic losses, could bring negative strategic and political consequences for the EU's status in the entire Middle East, which could in turn damage the region's interests. The new economic sanctions will preclude the opportunity of investment by the EU in Iran's gas and oil sectors, thus decreasing trade and commerce between the two—a shift of policy that provoked a sharp rise in China's activities in those sectors."