What’s the cheapest, quickest way to reduce climate change without roiling the economy? In the United States, it may be by reducing methane emissions from the oil and gas industry.
In October the UAE declared a goal of reaching net-zero emissions by 2050. That goal seems incredibly lofty for an oil-dominated economy, but the UAE's particular advantages may uniquely suit the task, energy fellow Jim Krane explains in this week's Forbes post.
Amid recent disputes on oil trade, "fractious Saudi-UAE relations are ... better understood as a return to the pre-2015 status quo than a unique diplomatic breach," write Jim Krane and Kristian Coates Ulrichsen.
Methane emissions are both "extraordinarily bad" and "easy to fix," so why not address them now? A federal tax of $1,500 per metric ton emitted could curb and counter the impact of U.S. methane emissions, argues this commentary piece.
Why did Mexico’s state-owned PEMEX buy a Houston-area oil refinery this week, when many other oil companies are moving away from fossil fuels? Post-doctoral energy fellow Adrian Duhalt explains in the Baker Institute Blog.
Lax regulation exposed electricity producers — and their customers — to failures that killed off all four of Texas’ top generating types: natural gas, wind, coal and nuclear. In this commentary experts from the Center for Energy Studies look at each technology to show what failed.
Jim Krane, Robert Idel, Peter VolkmarFebruary 19, 2021
The oil boom in the 1970s and early 1980s and the resulting social and economic crisis left policymakers with valuable lessons that — considering today’s conversation on the role of the oil industry in Mexico — should not be overlooked.
Saudi Arabia’s newfound willingness to take a stand against oil quota cheats has forced the rest of OPEC+ to adhere to their quotas. Will today’s discipline – driven by the biggest-ever plunge in oil demand – fade alongside the virus? Read more in the Baker Institute Blog.