Energy

80 Items

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia

AP Photo, File

Policy Brief - Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government

The Price Cap on Russian Oil Exports, Explained

| Dec. 05, 2022

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions. The policy is designed to reduce Russian fossil fuel revenues while keeping Russian oil on the market. In this brief, Catherine Wolfram, Simon Johnson, and Łukasz Rachel explain the basic economic principles at work and discuss some of the critiques of the price cap. 

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia,

AP Photo, File

Press Release - Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government

Price Cap on Russian Oil a ‘Novel Approach to Sanctions’, Says New Policy Brief

| Dec. 05, 2022

The price cap on Russian oil implemented today by the G7 countries plus Australia represents a novel approach to sanctions, according to a policy brief authored by Catherine Wolfram, Simon Johnson, and Łukasz Rachel and released today by Harvard Kennedy School’s Belfer Center for Science and International Affairs and the Mossavar-Rahmani Center for Business and Government. 

Secretary of Iran's Supreme National Security Council Ali Shamkhani

AP/Vahid Salemi

Analysis & Opinions - The National Interest

Will Russia Torpedo the Iran Nuclear Deal?

| Mar. 10, 2022

Hamidreza Azizi and Nicole Grajewski analyze Russian Foreign Minister Sergei Lavrov's recent demands  for written guarantees that Western sanctions over Ukraine "will by no means affect our right to free and full-fledged trading, economic, investment, military and technical cooperation with Iran."

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Analysis & Opinions - Bloomberg Opinion

Russia’s Oil Weapon May Be More Potent Than Gas Blackmail

| Jan. 28, 2022

Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less discussed and might be very effective: An ability to disrupt global oil markets, which would directly hit U.S. consumers.

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Analysis & Opinions - Bloomberg Opinion

After Oil: Throwing Money at Green Energy Isn’t Enough

| Sep. 17, 2020

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

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Analysis & Opinions - Bloomberg Opinion

Pandemic Is Hurting, Not Helping, Green Energy

| Sep. 16, 2020

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the degrowth movement,” the Covid-induced economic slowdown has a silver lining.

Russian President Vladimir Putin, right, listens to Syrian President Bashar al-Assad during their meeting in the Black Sea resort of Sochi, Russia, Thursday, May 17, 2018.

Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP

Analysis & Opinions - The Washington Post

Russia’s Scavenger Diplomacy Is in Full Effect in the Middle East

| May 08, 2020

While most of the world has been on lockdown from the novel coronavirus, the wars and political machinations of the Middle East have continued. Amid this turmoil, Russia has been making steady progress in what State Department spokesman Morgan Ortagus described as its “malign engagement” in the region.

Sun sets behind idle pump jack near Karnes City, Texas.

Eric Gay/AP

Analysis & Opinions - Bloomberg Opinion

Oil's Collapse Is a Geopolitical Reset In Disguise

| Apr. 29, 2020

The world is on the cusp of a geopolitical reset. The global pandemic could well undermine international institutions, reinforce nationalism and spur de-globalization. But far-sighted leadership could also rekindle cooperation, glimmers of which appeared in the G-20’s offer of debt relief for some of the world’s poorest countries, a joint plea from more than 200 former national leaders for a more coordinated pandemic response and an unprecedented multinational pact to arrest the crash in oil markets.