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We know the story: Mother Nature is sending increasingly loud and frequent signals that something new and dangerous is afoot. Regularly, climate scientists release incontrovertible data showing that climate is changing and offer robust explanations of why this is happening. We also know the other part of this story: Not enough is being done by peoples and governments to alter a trajectory that is guaranteed to force drastic changes in the human condition.
Attention to technological disruption has distracted observers from the fact that politics continues to be the most disruptive force of all in the oil and gas markets.
Moisés Naím and Francisco Toro / The Washington Post
As Venezuela sinks deeper into the Western Hemisphere’s most intractable political and economic crisis, the time has come to ask some hard questions about how the Chávez regime could have conned so many international observers for so long.
The cradle of civilization, this corner of the world has always been characterized by instability. Now, thanks to energy, it could become a new focal point of development and unexpected opportunities.
The United States has never exported much crude oil — but that is likely about to change because congressional leaders recently lifted the country’s 40-year-old ban on crude oil exports.