The authors conducted mobile phone surveys on energy supply, demand and quality in 12 sub-Saharan African countries, finding that current grid and off-grid electricity supply is inadequate to meet consumers' demands.
The United States appears less exposed to geopolitical risks affecting its oil supply than at any time since the early 1970s due to fracking, climate change and a more diverse energy supply, according to research by energy fellow Jim Krane and Kenneth B. Medlock, senior director of the Center for Energy Studies.
A combination of factors is encouraging Saudi Arabia to consider raising crude oil production capacity beyond the current ceiling of 12.5 million barrels per day. However, an increase in Saudi crude oil production would have consequences for markets and competing forms of energy, as well as for the kingdom's geopolitical stature, writes fellow Jim Krane in an article for Energy Policy.
Krane finds that the coal industry is at greater risk of being targeted by climate-related regulation amid decreasing social acceptance of its use, while the oil industry faces reduced risks due to its lack of substitutes.
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
Jim Krane, fellow in energy studies, examines how reforms to subsidy programs and increases in gas and electricity prices could lower energy use in the GCC.
Regenerative medicine and stem cell research are exciting new fields. But as the fields progress toward clinical therapies, controversies emerge. Hype surrounding stem cell research has caused an increase in their use in interventions that are not clinically proven. Furthermore, the regulatory agencies have a lot of difficulty dealing with cell therapies, which are distinctly different from drugs and medical devices they more commonly approve. To move the field forward, advocates, regulators and scientists need to come together to find new options for stem cell research oversight that protects both the patients and the research field.
Saudi Arabia's role in global energy markets is changing. The kingdom is diverting crude oil into an expanding refining sector and moving beyond its role as global “swing supplier” of crude oil, writes Jim Krane.
Ciudad Juárez, across from El Paso, Texas, suffered an unprecedented downfall into violence and chaos between 2007 and 2012. It came to be known in 2010 as “the most dangerous city in the world.” What can cause a city to spiral downward into bloodshed and turmoil in the way that Ciudad Juárez did? This article makes the argument that the city's descent into violence and chaos is the result of a number of poor decisions made over the course of the 40 years preceding the bloodshed of the years under examination.
