Energy

459 Items

Analysis & Opinions - Hoover Institution Press

China Brokers Diplomacy Between Iran and Saudi Arabia: Implications for the US Role in the Middle East

| Mar. 23, 2023

For over a decade, American officials have been touting the wisdom of a strategic “pivot” away from the Middle East in order to face the threat of a rising China. During that same period, Beijing has identified the Middle East as a primary arena for great power competition with the United States. 

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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.

Sen. Lisa Murkowski, R-Alaska., speaks during a Senate Committee on Energy and Natural Resources hearing

Pool via AP/Leigh Vogel

Analysis & Opinions - The Hill

Why Biden's Interior Department isn't Shutting Down Oil and Gas

| July 23, 2021

Joel Clement describes the influence of U.S. Senators Lisa Murkowski and Joe Manchin over the Department of the Interior and advises that a forward-looking legislator in a fossil-fuel state would be wise to fight aggressively for financial commitments to make the people in their state part of the vanguard of the new clean energy economy, rather than set back the U.S. economy by fighting the inevitable energy transition itself.

Oil and gas drilling rig

Flickr CC/Mark Watson

Analysis & Opinions - Union of Concerned Scientists

Fossil Fuels and Public Lands: How the US Interior Department Can Act on Climate Right Now

| Apr. 06, 2021

Joel Clement describes some immediate opportunities—and emphasize specific recommendations—to establish the Interior Department as a purposeful catalyst for a fair and just transition to clean energy, healthy ecosystems, and thriving communities.

Workers stand on a platform at a Saudi Aramco oil separator processing facility in Abqaiq, near Dammam, Sept. 20, 2019.

AP Photo/Amr Nabil

Paper

Reversal of Fortune for Political Incumbents after Oil Shocks

    Authors:
  • Simeon Djankov
  • Ha Nguyen
  • Ivan Yotzov
| March 2021

This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for incumbents. The analysis verifies that these shocks—which reduce consumption growth—are associated with worsening performance for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election.