Environment & Climate Change

In 2012, when many energy experts argued that oil production had peaked, Leonardo Maugeri published “Oil: The Next Revolution,” which forecast a glut of oil and collapsing prices in the next several years. His prediction proved prescient. Now, as analysts look past today’s oil-market drama to a near future of robust liquefied natural gas exports, Maugeri is again challenging conventional wisdom. The long-hoped-for and hyped-up gas market, he concludes, will disappoint.

“Falling Short: A Reality Check for Global LNG Exports” details the new findings by Maugeri, a former oil industry executive who is now an associate with the Geopolitics of Energy project at Harvard Kennedy School’s Belfer Center for Science and International Affairs.

"In a bold move, the UK Government has announced the creation of a £1 million prize for a new 'grand innovation challenge.'  According to Prime Minister David Cameron, the award would go to the next 'penicillin' or a plane that could fly carbon-neutral across the Atlantic....The prize will not only recognize those who come up with outstanding ideas, but it will also serve as source of inspiration for young people. Getting the youth to focus their creative energies on solving the world's pressing challenges needs to start early, especially in high schools."