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Global Energy Politics June 1, 2020

GLOBAL ENERGY POLITICS

Payne Institute Fellow Thijs Van de Graaf has a new book that uncovers the intricate ways in which our energy systems have shaped global outcomes in four key areas of world politics: security, the economy, the environment and global justice. We are on the cusp of a global energy shift that promises to be no less transformative for the pursuit of wealth and power in world politics than the historical shifts from wood to coal and from coal to oil. This ongoing energy transformation will not only upend the global balance of power; it could also fundamentally transfer political authority away from the nation state, empowering citizens, regions and local communities. June 1, 2020.

HOW PLUMMETING FUEL PRICES AND REDUCED OPERATIONS COULD FREE UP BILLIONS OF DEFENSE DOLLARS 5/26/2020

HOW PLUMMETING FUEL PRICES AND REDUCED OPERATIONS COULD FREE UP BILLIONS OF DEFENSE DOLLARS

Payne Institute Fellow Michael Baskin writes about how the U.S. Department of Defense is one of the world’s largest consumers of petroleum, yet it relies on an industrial-era system to plan for volatility in global oil markets. Prioritizing stability over efficiency, the system is not designed to respond nimbly to shocks in the oil market like the one happening right now due to COVID-19.  May 26, 2020.

ECONOMIC BENEFITS OF NATURAL GAS PRODUCTION: THE CASE OF GHANA’S SANKOFA GAS PROJECT 5/26/2020

ECONOMIC BENEFITS OF NATURAL GAS PRODUCTION: THE CASE OF GHANA’S SANKOFA GAS PROJECT

Payne Institute Scholar John Ayaburi and Director Morgan Bazilian consider the economic benefits of Ghana’s Sankofa natural gas project.  In 2014, Ghanaians experienced severe power outages — known as “dumsor” — with the productivity losses estimated at 2 percent of GDP. Domestic natural gas production could provide reliable and low cost electricity for Ghana, if it can be developed. A joint project, Sankofa gas project, aimed at developing natural gas off the coast of Ghana promises to transform the country’s energy mix.  May 26, 2020

Economic impacts of the 2020 oil market crash 5/21/2020

ECONOMIC IMPACTS OF THE 2020 OIL MARKET CRASH

Payne Fellow Brad Handler and Director Morgan Bazilian write about how the upstream oil and gas industry risks losing more than 200,000 jobs over the next six to 12 months—comparable to the 2015–2016 oil market downturn—and appears poised to shrink over the longer term, as well. This may challenge states and local communities that have significant upstream exposure and suggests they focus on making their economies more resilient.  May 21, 2020. 

Steel, Hydrogen And Renewables: Strange Bedfellows? Maybe Not… 5/15/2020

STEEL, HYDROGEN AND RENEWABLES: STRANGE BEDFELLOWS? MAYBE NOT…

Payne Institute Fellow Dolf Gielen and Advisory Board member Kenneth Medlock write that as firms and nations increasingly adopt “net zero” carbon ambitions, some sectors of the economy stand out as more difficult in meeting those goals, particularly industrial activities that require very high temperatures and/or generate process emissions associated with chemical transformations. While these sectors present challenges towards deep decarbonization, new opportunities are emerging rapidly. A future low-carbon energy system will likely be more material-intensive than the current one, and in virtually any vision of a net-zero carbon future there is a massive need for new infrastructure.  May 15, 2020.  

The Geostrategic Importance of Outer Space Resources 5/15/2020

THE GEOSTRATEGIC IMPORTANCE OF OUTER SPACE RESOURCES

Payne Institute Fellow Alex Gilbert and Morgan Bazilian look at space mining, and if it is the final frontier?  The world may be heading towards the greatest mining rush in history—in outer space. Falling costs and greater access to space launch services, coupled with new technologies, are leading to the establishment of numerous companies in this nascent industry.  May 15, 2020.

The Coronavirus Reaffirms the Importance of Sustainable Development in Mining 5/13/2020

THE CORONAVIRUS REAFFIRMS THE IMPORTANCE OF SUSTAINABLE DEVELOPMENT IN MINING

Payne Research Associate Jordy Lee and Morgan Bazilian explain why disruptions from COVID-19 can have larger implications for developing nations that are dependent on the mining industry. Without an overt focus on sustainable development, many counties will continue to suffer from market fluctuations and price volatility. May 13, 2020. 

COVID-19 has tested governments around the world – here’s what that means for the energy transition 5/13/2020

COVID-19 HAS TESTED GOVERNMENTS AROUND THE WORLD – HERE’S WHAT THAT MEANS FOR THE ENERGY TRANSITION

Payne Institute Advisory Board member David Victor and Payne Director Morgan Bazilian write about how the world is ensconced in a global public health crisis due to the rapid spread of the COVID-19 virus, and the related economic crisis and oil market crash, the path to a low-carbon future has become more uncertain.  It is more critical than ever to look at countries’ readiness for the energy transition.  May 13, 2020.

Fostering Effective Energy Transition 5/13/2020

FOSTERING EFFECTIVE ENERGY TRANSITION – 2020 EDITION

The Payne Institute contributed to the World Economic Forum Platform for Shaping the Future of Energy and Materials.  The annual benchmarking of energy systems across countries has enabled tracking the speed and direction of their energy transition and identifying opportunities for improvement. The transformation of the energy system over the past decade, although slower than required to achieve the objectives of the Paris Agreement to combat climate change, has been significant. But this hard‑earned momentum now risks being lost, as the ongoing COVID‑19 pandemic continues to cause economic and social damage.  May 13, 2020.  

NIGHT LIGHTS: Suomi NPP Detects Changes In Nighttime Lights Around NYC 5/12/2020

NIGHT LIGHTS: Suomi NPP Detects Changes In Nighttime Lights Around NYC…

Payne Institute Dr. Christopher Elvidge and the Earth Observation Group contributed to the article tapping into data from the NOAA/NASA Suomi NPP satellite’s Day/Night Band (DNB), NOAA’s Joint Polar Satellite System (JPSS) colleagues at the Cooperative Institute for Research in the Atmosphere (CIRA), Cooperative Institute for Meteorological Satellite Studies (CIMSS), and the Colorado School of Mines (CSM) that examined the difference in illumination of urban and suburban lights between February 2020 and March 2020. By doing so, the scientists were able to detect areas of dimming (blue), and in some cases brightening (red), of nighttime lights from the Mid-Atlantic to New England.  May 12, 2020.

How U.S. Shale Can Survive The Oil Crash 5/11/2020

HOW U.S. SHALE CAN SURVIVE THE OIL CRASH

Payne Institute Fellow Brad Handler and Morgan Bazilian look at the question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current cost structure, which generally requires ~$50/barrel WTI to make it economically viable, suggests that oil demand needs to return to pre-COVID levels for U.S. shale to recover. This article considers the industry’s ability to lower its cost structure further in order for it to maintain competitiveness.  May 11, 2020.

 

Culture and low-carbon energy transitions 5/11/2020

CULTURE AND LOW-CARBON ENERGY TRANSITIONS

Payne Institute Fellow Steve Griffiths writes about how culture influences low-carbon energy transitions? How can insights about cultural influences guide energy planners and policymakers trying to stimulate transitions, particularly at a time of rapid technological change? This Review examines the influence of culture on a selection of low-carbon technologies and behavioural practices that reflect different dimensions of sustainability. May 11, 2020.  

Demand Doubts Dampen Investor Sentiment 5/11/2020

DEMAND DOUBTS DAMPEN INVESTOR SENTIMENT

Payne Institute Fellow Brad Handler and Morgan Bazilian write about concerns over the long-term future of oil exercise US investors’ thinking. The European financial community has harboured growing concern over the longer-term prospects for oil demand for a few years. But the collapse in US oil and gas (O&G) share prices is testament to a shift there too, with investors no longer bullish on robust long-term demand—particularly given the increasing prominence of the transition to lower carbon energy.  This change in sentiment implies relatively less US oil development activity and threatens to shrink the industry permanently.  May 11, 2020.

MINES ENERGY FUTURE PODCAST – WHAT IS REALLY GOING ON WITH OIL AND GAS: INSIGHTS FROM A PETROLEUM ENGINEER 5/8/2020

MINES ENERGY FUTURE PODCAST – WHAT IS REALLY GOING ON WITH OIL AND GAS: INSIGHTS FROM A PETROLEUM ENGINEER

Mines Energy Future podcast featuring Dr. Jennifer L. Miskimins, Interim Department Head and Professor, Petroleum Engineering, Director, Fracturing, Acidizing, Stimulation Technology (FAST), Co-Director, Center for Earth Materials, Mechanics and Characterization at Colorado School of Mines discussing the future of oil and gas in these unpredictable times due to the COVID-19 pandemic. May 8, 2020.

AGGREGATION AND ANALYSIS OF METHANE DATA IN THE DJ BASIN, COLORADO 5/5/2020

AGGREGATION AND ANALYSIS OF METHANE DATA IN THE DJ BASIN, COLORADO

Payne Institute Fellow Dorit Hammerling and Payne Research Associate William Daniels consider emissions data in the Denver-Julesburg (DJ) Basin. They focus on methane data from the TROPOMI instrument on board the Copernicus Sentinel-5 Precursor satellite. They have aggregated the data into a variety of temporal packets and performed an initial exploratory analysis. This review will help inform ongoing and future air pollution monitoring efforts. These efforts rely on data gathered from a wide array of monitoring techniques, including ground-level sensors, drones, and planes. Being able to better incorporate satellite data into these efforts will offer a more complete emissions profile, which can be used to inform both operations and regulations. May 5, 2020.

Will COVID-19 and Cheap Oil Green Our Energy Future? 5/2020

Will COVID-19 and Cheap Oil Green Our Energy Future?

Payne Fellow William Nuttall writes how last month, Shell joined BP in embracing a serious low carbon strategy, this makes environmental sense, but in a world of enduring cheap oil it could also make good long-term business sense.  In recent days, we have seen US oil futures dropping to a price of -$35 a barrel! Negative prices have never been seen before. Perhaps, this event will be remembered as the moment that the oil industry finally changed, but the seeds of change have been around for some time.  May 2020.

WHY LOW OIL PRICES SPELL TROUBLE FOR COLORADO’S OIL AND GAS INDUSTRY 4/30/2020

WHY LOW OIL PRICES SPELL TROUBLE FOR COLORADO’S OIL AND GAS INDUSTRY

Our Director, Morgan D. Bazilian, was featured in this recent article in Boulder Weekly on what does the bottoming out of oil prices mean for Colorado’s oil and gas producers and the communities that live near wells? And what for the people who live near operations and are concerned about the long-term environmental impacts? April 30, 2020.

All Those Parked 747s Herald Peak Oil Demand 4/30/2020

ALL THOSE PARKED 747S HERALD PEAK OIL DEMAND

Payne Fellow Liam Denning writes how jet-fuel demand has declined more in percentage terms than any other petroleum product, according to the International Energy Agency’s initial assessment of the impact of Covid-19, released Thursday. That’s both for the first quarter and, under current estimates, 2020 as a whole.  April 30, 2020. 

THE DEFENSE PRODUCTION ACT, COVID-19 AND CRITICAL MATERIALS 4/30/2020

THE DEFENSE PRODUCTION ACT, COVID-19 AND CRITICAL MATERIALS

As the Coronavirus continues to demonstrate the fragility of commodity supply-chains, further use of the Defense Production Act (DPA) could allow for the United States to develop its domestic critical mineral sources. Mining and processing locations across the world are being disrupted and highlight the United States’ heavy reliance on imported critical minerals. April 30, 2020.

HERE’S WHAT AN OIL BAILOUT COULD MEAN FOR EMISSIONS 4/27/2020

HERE’S WHAT AN OIL BAILOUT COULD MEAN FOR EMISSIONS

Payne Institute Fellow Alex Gilbert, was featured in this recent article in E&E News. A federal bailout of struggling oil firms is unlikely to alter the trajectory of carbon dioxide emissions, according to analysts, who say market factors dictate the pace of oil production over stimulus programs related to the coronavirus. April 27, 2020.

COVID-19: A Wake-up Call to Increase Access to Electricity in Africa 4/24/2020

COVID-19: A WAKE-UP CALL TO INCREASE ACCESS TO ELECTRICITY IN AFRICA

Payne Fellow Jamal Saghir and Adrian Tylim write an commentary on how the world is at a turning point. COVID-19 is putting enormous pressure on each segment of a country’s society and economy. For developing countries that were already facing major social, health and economic challenges before COVID-19, this pressure is particularly excruciating. April 24, 2020.

MINES ENERGY FUTURE PODCAST – MINING PLASTICS 4/23/2020

MINES ENERGY FUTURE PODCAST – MINING PLASTICS

Mines Energy Future podcast featuring Mike McGuirk, Assistant Professor of Chemistry at Colorado School of Mines, with Jordy Lee, Payne Institute Researcher discussing Mining Plastic: Harvesting Stored Energy in a Re-use Revolution. April 23, 2020.

ENERGY TRANSITION: COAL AS THE CANARY 4/23/2020

ENERGY TRANSITION: COAL AS THE CANARY

The Covid-19 pandemic has presented a range of pressing economic challenges including unemployment, lost wages and volatile stock markets. Stalled economic activity has also temporarily reduced energy demand and pollution levels around the world. While the coronavirus creates acute, emergency needs for many households and communities, the kinds of social safety net measures that can cushion the impact in this current crisis have similarities to those needed for longer-term clean energy transitions. Recovery from this pandemic may offer opportunities to recover with a lower-carbon and more equitable economy.  April 23, 2020. 

WORLD TOUR OF COVID-19 IMPACTS ON NIGHTTIME LIGHTS 4/21/2020

WORLD TOUR OF COVID-19 IMPACTS ON NIGHTTIME LIGHTS

The Payne Institute’s Earth Observation Group has been watching the nighttime lights dim, and recently recover, across the world since the start of the COVID-19 pandemic. This is a good proxy fr both electricity demand and economic activity. The disruption patterns of the Corona virus shutdowns have been recorded by the NASA / NOAA Visible Infrared Imaging Radiometer Suite (VIIRS) day /night band (DNB). To examine this is detail, the EOG calculated changes in the brightness between monthly cloud‐free average radiance composites. The results are detailed in this paper. April 21, 2020.

OIL PRICES ARE NEGATIVE: WHAT DOES IT MEAN AND WHAT COMES NEXT 4/21/2020

OIL PRICES ARE NEGATIVE: WHAT DOES IT MEAN AND WHAT COMES NEXT

Payne Fellow Alex Gilbert writes that for the first time in history, the primary U.S. oil contract closed at a negative price, an astonishing -$37.63/barrel. This shocking price is a result of the collapse in oil demand due to response measures to the coronavirus pandemic in both the United States and globally. This specific time, negative prices were driven by an unusual circumstance due to an expiring futures contract. However, unless the oil demand situation changes quickly, the U.S. could face single digit or even negative oil prices throughout the summer. April 21, 2020.

THE EFFECTS OF CORONAVIRUS MEASURES ON ELECTRICITY MARKETS 4/20/2020

THE EFFECTS OF CORONAVIRUS MEASURES ON ELECTRICITY MARKETS

Payne Fellow Alex Gilbert writes about  how global economic activity has rapidly ground to a halt, energy markets have witnessed a rapid, unprecedented drop in demand. While economic impacts on electricity markets and investment so far have been limited compared to oil and gas markets, substantial short-term uncertainty could complicate long-term investment decisions. Nevertheless, the operational and demand effects are wide-ranging. April 20, 2020. 

SUSCEPTIBILITIES OF SOLAR ENERGY SUPPLY CHAINS 4/16/2020

SUSCEPTIBILITIES OF SOLAR ENERGY SUPPLY CHAINS

Payne student Anna Evans explains why the novel coronavirus outbreak in China disrupted the global solar panel supply chain, and how the virus’ increasing impacts will affect supply and demand. Without thoughtful policy design and implementation at the sub-national, national, and international level, these disruptions could continue to plague the solar industry. April 16, 2020.

CBC NEWS POLL: WHY THE ECONOMIC CRISIS COULD SPEED UP TRANSITION TO RENEWABLE ENERGY 4/16/2020

CBC NEWS POLL: WHY THE ECONOMIC CRISIS COULD SPEED UP TRANSITION TO RENEWABLE ENERGY

Our Director, Morgan D. Bazilian, was featured in this recent article in CABC on the energy transition and its impacts in Alberta. A CBC News poll, taken just before the economic implications of the coronavirus were becoming clear, suggests 79 per cent of Albertans already thought that the province should transition toward renewable energy. More than nine in 10 Albertans also think the province should do more to encourage the development of the technology sector.  And 51 per cent think that the province should transition away from oil and gas. April 16, 2020. 

CARBON CAPTURE, UTILIZATION, AND STORAGE UNDER THE PARIS AGREEMENT 4/15/2020

CARBON CAPTURE, UTILIZATION, AND STORAGE UNDER THE PARIS AGREEMENT

Payne Fellow Kipp Coddington writes that almost every international climate change scenario under the 2015 Paris Agreement shows the need for an enormous ramp-up of carbon capture, utilization and storage (CCUS) technologies to meet global goals. Timing matters, not just scale. CCUS technology must be deployed at scale sooner rather than later if the agreement’s objective of holding the increase in the global average temperature to well below 2 degrees centigrade above pre-industrial levels is to be achieved. Additionally, CCUS uniquely holds promise as a “negative” emissions technology — removing carbon dioxide from the air. April 15, 2020. 

A SHORT HISTORY OF ENERGY DISRUPTIONS AND RECOVERY April 15, 2020

A SHORT HISTORY OF ENERGY DISRUPTIONS AND RECOVERY

Payne Fellow Paul Deane writes about how modern economies need significant amounts of energy to function with overall energy demand driven by economic activity, population, and technology. Because of the link between economic activity and energy, a shock in one system will reverberate in the other leaving fingerprints of the disruption in both historic data sets.The COVID19 impact on our energy system situation is different as it is predominantly demand-side in nature as a consequence of people using less energy for transport/flying etc but the remedial action required is dependent on a mixture of policy interventions, public confidence and likely technology and medical development. April 15, 2020.

PODCAST: THE MINERALS MANHATTAN PROJECT

PODCAST: THE MINERALS MANHATTAN PROJECT

Payne Fellow Emily Hersch has started a new podcast titled The Minerals Manhattan Project.  Morgan Bazilian contributed to the conversation with a discussion about the Mineral Foundations of the Energy Future.  They get into topics such as what lessons oil and gas has for minerals and mining in the United States, and an understanding of  how power and spheres of influence determine countries’ approaches to energy security. Since China isn’t an oil and gas producing nation, their approach to dominating those supply chains is different than for minerals and mining. April 13, 2020. 

POST COVID-19 NEW WORLD CONFIGURATION AND CLIMATE CHANGE ACTIONS: TWO URGENT PRIORITIES April 10, 2020

POST COVID-19 NEW WORLD CONFIGURATION AND CLIMATE CHANGE ACTIONS: TWO URGENT PRIORITIES

In few weeks or months, the world will have to reconvene to forge a new chapter in humanity, I would call it the Post COVID-19 New World Configuration. It will be an historic moment: the ultimate test of global survival, globalization, and cooperation. Yet the building blocks toward this new World are proceeding so slowly that humanity is in grave danger. If we miss the opportunity to protect ourselves and our planet, there will be no second chance; no way to go back and undo the catastrophic health, economic and social damage of COVID-19.  April 10, 2020.

THE FUTURE IS (STILL) UNDERGROUND 4/9/2020

THE FUTURE IS (STILL) UNDERGROUND

Payne Institute Director Morgan Bazilian was featured in a Mines Magazine article discussing the changes in the global energy landscape.  It appears almost certain that there’s going to be significantly more technologies like batteries, electric vehicles, photovoltaics and wind turbines deployed. All of those are mineral-intensive. Thus, the future energy system will be more mineral-intensive than the past.  April 9, 2020.  

POST COVID-19 NEW WORLD CONFIGURATION AND CLIMATE CHANGE ACTIONS: TWO URGENT PRIORITIES April 10, 2020

SAUDI ARABIA’S WORLD IS COMING UNDONE

Payne Fellow Liam Denning, Bloomberg Opinion, writes how bulls are banking on the kingdom this week, but its future role could be far more disruptive. Saudi Arabia is having a regular week: Facing off against Russia, taking phone calls from the U.S. president and supposedly cobbling together a plan to save the (oil) world. On Thursday, it will preside over an emergency meeting of OPEC+; the next day, a virtual gathering of G20 energy ministers. As opportunities to strut the global stage go, this one comes at a big cost: Like most oil exporters, the country faces a cataclysmic drop in demand. But this isn’t just about the money.  April 8, 2020.

COVID-19 – THE GLOBAL SOUTH MUST NOT BE FORGOTTEN April 5, 2020

COVID-19 – THE GLOBAL SOUTH MUST NOT BE FORGOTTEN

While the media focuses on countries hardest hit by the COVID-19 pandemic — China, United States, Italy and South Korea — relatively less news emerges from the bulk of the world’s population living in developing countries. The United Nations is doing its best to highlight the grim prospects of those 70 million people who are displaced and now live in refugee camps or urban slums.   April 5, 2020.

A DIGITAL CANOPY: GETTING TO TRANSPARENCY April 3, 2020

A DIGITAL CANOPY: GETTING TO TRANSPARENCY

Earlier we wrote a commentary titled, “LEANING IN: MOVING AHEAD OF REGULATIONS FOR NATURAL GAS EMISSIONS.” That Commentary stressed that one of the key steps for oil and gas operators is to establish transparency across their operations, which will help support a ‘social license to operate’ from the community, regulators, and investors. This is a critical step in moving towards “responsibly-sourced” oil and gas. April 3, 2020.

The Kurdistan Region of Iraq Toughens Up on Oil Smuggling April 2, 2020

THE KURDISTAN REGION OF IRAQ TOUGHENS UP ON OIL SMUGGLING

Payne Fellow Peri-Khan Aqrawi-Whitcomb comments on how the COVID-19 pandemic is wreaking havoc without regard to geographic boundaries, attacking almost every sphere of our public and private lives, and unveiling some of the world’s major shortcomings. Those shortcomings include institutional capacity and good governance. As a result, there is a rapid global spread of the virus due to, inter alia, a lack of adequate coordination, transparency, cooperation, preparedness, and inadequate mitigation policies—all exacerbated by economic greed and short-sightedness. This Comment considers the analogies between global diseases and illicit trade (with a focus on oil in Iraqi Kurdistan). Both have penetrated the world in a way that no region is immune, and the best cure is good governance and cooperation on a global and local scale. April 2, 2020.

Mining the Energy Transition April 2, 2020

MINING THE ENERGY TRANSITION

Jordy Lee and Morgan Bazilian explain why supply chain disruptions from COVID-19 are indicative of larger problems withing the mining industry. Without holding mining Environmental, Social, and Governance (ESG) reports to a higher standard, the developmental changes and supply chain transparency required for a low-carbon future are unnecessarily constrained. April 2, 2020.

The United States Mineral Supply Insecurity and Dependence on Rare Earth Elements April 1, 2020

THE UNITED STATES MINERAL SUPPLY INSECURITY AND DEPENDENCE ON RARE EARTH ELEMENTS

Despite the trade war with China and the outbreak of the Coronavirus, the United States of America (U.S) faces the continuous problem of resource dependence and resource insecurity of its processed Rare Earth mineral supply chain. The latter problem arises for three reasons: First, is the import reliance on Chinese processed Rare Earth supply to the United States. Second, is the negligence of the U.S in developing its own mining sector. Third, is the disconnect between mineral strategy and policy. The aim of this brief to shed an understanding on the current U.S capacity to refine Rare Earths, and to provide recommendations to achieve a sustainable industry. April 1, 2020.

THE SHRINKING PATH FORWARD FOR U.S. OILFIELD SERVICES March 31, 2020

THE SHRINKING PATH FORWARD FOR U.S. OILFIELD SERVICES

The recent oil price collapse is setting the stage for yet another steep decline in revenue and profit for the U.S. Oilfield Services (OFS) sector. As challenging as it will be for U.S. OFS companies to weather this storm, it represents just another blow to a sector already beleaguered by its and its customers’ inability to deliver adequate financial returns and longer-term demand uncertainty given climate change (decarbonization) concerns. All of these threaten to shrink and transform OFS in the years to come. March 31, 2020.

PROVINCIAL, FEDERAL, AND INTERNATIONAL REGULATORY DRIVERS OF POSSIBLE STRANDED ASSETS IN ALBERTA, CANADA March 30, 2020

PROVINCIAL, FEDERAL, AND INTERNATIONAL REGULATORY DRIVERS OF POSSIBLE STRANDED ASSETS IN ALBERTA, CANADA

The Alberta oil sands are vast deposits of crude bitumen mixed with sand, water, and clay located on the Treaty 6 and 8 lands of the Cree, Dene, and Métis First Nations. The oil sands sector represents 10% of Canada’s greenhouse gas emissions.  This analysis will adopt the theoretical lens of economic geography, which emphasizes the importance of multiscalar inquiry in understanding economic phenomena. Concerning the impacts caused by regulatory drivers of stranded assets, jurisdictional scale matters.   March 30, 2020.

COVID-19 PANDEMIC AND THE GLOBAL ECONOMY March 30, 2020

COVID-19 PANDEMIC AND THE GLOBAL ECONOMY

Payne Institute Fellow Jamal Saghir writes a timely commentary.  When some experts described the COVID-19 pandemic as the most dangerous global challenge since World War II, potentially overshadowing the 2008-2009 financial crisis- they were correct. Although disasters diverge in their causes and scope of impact, they are connected by the necessity for coordinated international, regional, national, and local responses. The world is on the verge of major economic recession and the impact on every country, rich or poor, will be tremendous unless early actions are implemented quickly. March 30, 2020.

THE OIL PRICE COLLAPSE COULD RESHAPE GLOBAL NATURAL GAS MARKETS March 27, 2020

THE OIL PRICE COLLAPSE COULD RESHAPE GLOBAL NATURAL GAS MARKETS

The inability of Russia and Saudi Arabia to agree on production quotas for countries that are not part of the Organization of the Petroleum Exporting Countries (referred to as OPEC+ countries), and the subsequent price collapse in oil markets, promises to reshape global energy markets. The timing is not good. The demand shock from the economic fallout of the coronavirus pandemic (commonly known as COVID-19) has led the International Energy Agency to estimate that 2020 will see the first contraction in oil demand since the Great Recession. The causes and consequences of the oil price drop have been well discussed. However, the impact on other energy markets, particularly global liquefied natural gas (LNG) markets, is relatively under covered and more nuanced. March 27, 2020.

THESE IMAGES SHOW THE IMPACT OF CORONAVIRUS ON ELECTRICITY DEMAND IN CHINESE CITIES March 25, 2020

THESE IMAGES SHOW THE IMPACT OF CORONAVIRUS ON ELECTRICITY DEMAND IN CHINESE CITIES

The novel coronavirus (SARS-CoV-2) and the disease it causes (COVID-19) have caused significant disruptions to markets around the world since the virus was first identified in Wuhan City in China in late 2019.  In the energy sector, the impact has been most apparent in the dramatic fall in oil demand in China.  The Payne Institute’s Earth Observation Group is using satellite images to view the decrease in electricity usage in key Chinese cities due to COVID-19.  March 25, 2020.

PAYNE INSTITUTE FOR PUBLIC POLICY – ENERGY RESEARCHER POSITION AVAILABLE March 25, 2020

PAYNE INSTITUTE FOR PUBLIC POLICY – ENERGY RESEARCHER POSITION AVAILABLE

Energy Researcher sought for full-time position at the Payne Institute for Public Policy at the Colorado School of Mines.  The research will focus on multi-dimensional aspects of energy and development. Analyzing the energy industry’s dual challenge of reducing environmental impacts while also satisfying increasing demand from emerging economies, and how this affects markets, trade, security, geopolitics, and technology development. The successful applicant will also provide mentorship to graduate and undergraduate students on the project; maintaining an accepting work environment; and assisting with research group communications.  March 25, 2020.

How To Make The Economic Stimulus Great March 24, 2020

HOW TO MAKE THE ECONOMIC STIMULUS GREAT

The current COVID-19 pandemic has both public health and economic dimensions and the two are deeply interconnected. Some consensus on various key policy stages are emerging from initial lock-downs, from ensuring massive testing and mobilization of manufacturing for items like ventilators and personal protection equipment, to emergency stabilization, and economic stimulus. March 24, 2020.

LEANING IN: MOVING AHEAD OF REGULATIONS FOR NATURAL GAS EMISSIONS March 19, 2020

LEANING IN: MOVING AHEAD OF REGULATIONS FOR NATURAL GAS EMISSIONS

Payne Commentary about the natural gas industry, which is facing a number of headwinds. These challenges include decarbonization, electrification, and digitization. More recent pressure stems from low and volatile prices, supply gluts, heavy debt loads, and a nascent oil “war”.  March 19, 2020.

The Complex Policy Questions Raised by Nuclear Energy’s Role in the Future of Warfare March 16, 2020

THE COMPLEX POLICY QUESTIONS RAISED BY NUCLEAR ENERGY’S ROLE IN THE FUTURE OF WARFARE

The United States military, as well as other militaries around the world, are racing to develop high-energy weapons—lasers, high-powered microwaves, and electromagnetic rail guns—in order to compete with near-peer competitors on the next generation of military technologies. But the electricity to power these systems will need to derive from somewhere, and so military planners are eyeing a new generation of energy-dense nuclear reactors, despite potential policy and legal challenges to doing so. March 16, 2020.

 

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DISCLAIMER: The opinions, beliefs, and viewpoints expressed are those of the author alone and do not reflect the opinions, beliefs, viewpoints, or official policies of the Payne Institute or Colorado School of Mines.