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Petroleum politics

oil and gas platform surrounded by water

Norway becomes top gas supplier to Europe after Russia invasion

Energy

Russia’s full-scale invasion of Ukraine upended energy markets and sent prices through the roof. As Europe weaned itself off of Russian fuels, it turned to Norway. The country is now the largest exporter of natural gas to Europe.

Pipes at the landfall facilities of the 'Nord Stream 2' gas pipeline are pictured in Lubmin, northern Germany

The invasion in Ukraine could mean less reliance on energy from Russia, analyst says

Energy
Two people wearing uniforms and blue helmets carry out maintenance at an oil well

Putting the ‘scare’ in scarcity conflicts: Part II

Critical State
Customers wait while a fuel dispenser machine is fixed at a gas station in Caracas, Venezuela, April 23, 2020.

Doctors wait hours to fill tanks as Venezuela faces fuel shortages

COVID-19
Daniel Ortega speaks in front of a huge picture of Hugo Chavez

Venezuelan oil fueled the rise and fall of Nicaragua’s Ortega regime

Global Politics
A pump jack is seen at sunrise near Bakersfield, California.

How Saudi Arabia can stop America from producing more fuel

Economics

The myth of energy independence, despite US assertions. “If I was Saudi Arabia, and I didn’t want to lose marketshare to these producers in Texas, I would send them a signal that any time I want to … I can basically ruin the economics of your industry,” says one energy expert.

Kings of the American Road, then and now. 40 years after the Arab Oil Embargo, American driving habits are slowly changing.

America may finally be learning the lessons of the 1970s oil shock

Environment

The Arab oil embargo of 1973-’74 changed the way Americans thought about driving, at least for a little while. Now 40 years later, it’s changing again.

Kings of the American Road, then and now. 40 years after the Arab Oil Embargo, American driving habits are slowly changing.

America may finally be learning the lessons of the 1970s oil shock

Environment

The Arab oil embargo of 1973-’74 changed the way Americans thought about driving, at least for a little while. Now 40 years later, it’s changing again.

‘Energy sufficiency’ for the U.S. in reach as American oil companies consider exports

Environment

For the first time in years, U.S. energy companies are moving to ship a sizable amount of U.S. crude oil abroad, in this case to Canada. It’s just the latest step on the road to what economist Joe Stanislaw calls American “energy sufficiency.”

Report: U.S. energy imports down, exports up; energy independence in sight?

Environment

A combination of factors have pushed the United States to reverse decades of trends. Oil and gas consumption is down and declining. Oil and gas production, domestically, is skyrocketing. Oil and gas imports are evaporating. All of this has the potentially to revolutionize American foreign relations and the U.S. economy.