5 item(s) were returned.
United States Senator, State of Alaska
Chairman, Senate Energy and Natural Resources Committee
Some of America’s oldest allies are heavily reliant on unappealing sources of oil and our nation’s resource abundance places us in a position to render vital assistance. The International Energy Agency estimates that in 2012 the United Kingdom depended on Russia for 12 percent of its crude oil imports, a relatively modest proportion when compared to the Netherlands (31 percent) and Poland (96 percent). All told, Russian oil accounts for approximately one-third of European Union imports. Meanwhile, Italy receives some 21 percent of its imported crude from Libya, and other key partners — India, Japan, and South Korea — bank… [more]
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Visiting Fellow
Hudson Institute
A number of scholars, from the left and the right have floated versions of a carbon tax. Henry Paulson has also weighed in, favoring a tax. In theory, a uniform comprehensive carbon tax enforced among all major global emitters might have great advantages. Such a tax, if linked to a stringent accounting system, could be more transparent than any other approach to greenhouse gas control. In contrast to command-and-control schemes, a tax would target abatement resources to where they would be most cost-effective. A tax, unlike the 2009 cap-and-trade bill, would make it harder for proponents to falsely promise both… [more]
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Associate Director for Energy Security
Bipartisan Policy Center
OurEnergyPolicy.org has partnered with the Bipartisan Policy Center for Navigating the Oil Frontier: The Implications of the Tight Oil Boom on Arctic and Ultra-Deepwater Oil Development, to be held Monday April 21st at the Washington Court Hotel. This discussion is a digital extension of that event. With the onset of the U.S. tight oil boom, the growth of Canadian oil sands production, and the prospects for expanded Mexican oil production, expectations about future oil supply have shifted from traditional OPEC oil producers to countries whose oil production had previously been declining. The reduction of Arctic ice and development of deep-water… [more]
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Executive Director
Research Triangle Energy Consortium
George Soros was recently quoted as suggesting that the US use the Strategic Petroleum Reserve (SPR) as a deterrent to Russian aggression in Ukraine. I thought we could examine the validity of that premise. The SPR, an emergency supply of oil maintained by the United States, is currently near capacity at about 700 million barrels. In our new world driven by shale oil, a supply disruption would require tapping SPR help for a much shorter period than was envisioned when the SPR’s capacity was designed. Oil represents more than half of all Russian budget revenues and 30% of Russia’s GDP.… [more]
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Chairman of the Energy and Commerce Subcommittee on Energy
U.S. House of Representatives
The House Energy and Commerce Committee recently released a policy paper entitled “Prosperity at Home and Strengthened Allies Abroad – A Global Perspective on Natural Gas Exports.” Over the past year, our committee has analyzed the effects of exporting U.S. liquefied natural gas (LNG) through a series of hearings and an international forum. This report is the culmination of our efforts, detailing the economic and geopolitical benefits of U.S. LNG exports and outlining the actions necessary to realize them. Through our analysis, we found that LNG exports offer the opportunity for the U.S. to improve the domestic economy while providing… [more]
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