How did the pandemic impact energy markets around the world? The results of this year's bp Statistical Review of World Energy show how the U.S. led the widespread decline in energy production, oil was the energy type most impacted by shutdowns, and global trade for fossil fuels fell more rapidly than production.
The authors point to several tangible benefits of U.S. LNG exports that go beyond its low procurement cost — including greater security of supply and emissions reductions when used as an alternative to coal.
Michelle Michot Foss, Anna B. MikulskaJune 24, 2021
The U.S. oil, gas and coal industry largely rose and fell based on global economic and energy market conditions rather than federal energy and environmental policies implemented by the Trump administration, write the authors. As the world recovers from the COVID-19 pandemic, they expect markets to continue to shape the future of the oil and gas industry. Read more on the Baker Institute Blog.
The atmospheric concentration of sulfur hexafluoride (SF6) — the most potent greenhouse gas known to humanity and a chemical that is frequently used as an electrical insulator — is growing and thereby contributing to global warming. In a post for the Baker Institute blog, experts from the Center for Energy Studies explain whether we should be worried and what can be done to mitigate the risks.
Rachel A. Meidl, Michelle Michot FossMarch 25, 2021
Electricity is the new oil when it comes to energy security, writes Mark Finley, fellow in energy and global oil. The immediacy of power outages and the ubiquity of critical elements of modern life powered by electricity mean the impact of oil supply disruptions are a walk in the park compared to our power vulnerabilities.
If the U.S. is to create a resilient energy supply chain and securitize its own needs for the energy transition, it should be more proactive in resource and supply chain development in Latin America. The author explains why.
Carbon nanotubes are critical components for future decarbonization strategies and a clean energy revolution. If the U.S. is to reestablish climate leadership, advanced nanotechnology solutions must be a national priority, argues the author.
This brief reviews the cost and development problems associated with NASA's plan to return to the moon by 2024 and argues that it is crucial for officials at NASA and the White House to review and adjust the current plans in order to ensure a successful lunar landing.