Oil is (an important) part of a larger global energy market, which is expected to see continued consumption growth (largely in emerging markets) and a continued shift toward natural gas and renewable forms of energy. While oil continues to lose market share, overall consumption and production are likely to continue growing— though more slowly than…
Is Conflating Climate with Energy Policy a Good Idea?
This essay reviews the evolution of energy policy and climate policy in the United States and notes that the difference between the two has become increasingly less. In the nearly forty years that energy has been a public policy issue, it has always been characterized by impossible goals concerning reduced oil imports, but in the…
Will China Lead the World into a Clean-energy Future?
China became the world’s biggest energy consumer in 2009 and the biggest emitter of carbon dioxide (CO2) two years earlier, having surpassed the United States on both counts. Driven by a strong economy, China will almost certainly see both of these facts reinforced in the years to come, despite its energy consumption and CO2 emissions…
Economics of Energy & Environmental Policy: Vision, Purpose and Goals
The creation of a new journal called ‘Economics of Energy & Environmental Policy’ (EEEP) was based on a vision of the critical energy and environmental challenges facing the world in the period out to 2050. On the one hand, what investment, infrastructures, resource discoveries, technology innovation and market arrangements are necessary to make enough energy…