Saudi Arabia’s massive hydrocarbon endowment and ownership of Islamic holy sites have created a unique political economy. In this research paper, energy fellow Jim Krane explores established policy practices and assesses Saudi Arabia’s emerging strategy for future participation in the oil business.
The Center for Energy Studies at Rice University’s Baker Institute for Public Policy and the Qatar Leadership Centre hosted a roundtable on February 15-16, 2017, in Doha, Qatar, to discuss some of the most pressing challenges facing market participants in the global energy landscape, with a focus on several issues of paramount interest to Qatar and the broader Gulf Cooperation Council.
Kenneth B. Medlock III, Jim Krane, Francisco J. Monaldi, Kristian Coates Ulrichsen, Gabriel CollinsSeptember 5, 2017
The relationship between the United States and its Gulf allies has evolved in important ways since President Jimmy Carter’s 1980 declaration of American “vital interests” in the Persian Gulf — the “Carter Doctrine” — and while many circumstances have changed, the rationale for maintaining U.S. protection for Gulf oil supplies remains strong, authors Gabriel Collins and Jim Krane write in this paper.
What happens when Saudi Arabia, the world’s swing producer of oil, rejects its traditional market-balancing role? The job falls to American shale oil producers, which, initial data show, appear to be assuming the Saudi role.
After decades of underinvestment, Mexico's natural gas pipeline network faces severe limitations in capacity and geographical coverage, leading to limitations in meeting domestic demand. To correct this, the government has launched an aggressive program to upgrade natural gas transport capabilities. The natural gas infrastructure program and energy reform are designed in part to help decrease Mexico’s reliance on imports of fertilizers (urea) and basic food staples, which stand at approximately 70 percent and 43 percent of domestic consumption, respectively. Increasing natural gas production and infrastructure will contribute to gains in ammonia and nitrogen fertilizer production, which would in turn have a positive impact on Mexico’s agroindustry.
There is a curious imbalance in energy markets in the Persian Gulf region: Five of the six Gulf monarchies exhibit shortages in domestic supply of natural gas. Meanwhile, Qatar holds the world's third-largest conventional reserves and is the world's No. 2 gas exporter. Why is Qatar, given its enormous resources and relatively small domestic needs, unwilling to supply gas sufficient to meet its neighbors' demand?
