Skip to main content

Home/ InternationalRelations/ Group items tagged oil

Rss Feed Group items tagged

Ed Webb

Beyond Oil: Lithium-Ion Battery Minerals and Energy Security - Foreign Policy Research ... - 0 views

  • Should the mass adoption of electric vehicles occur, access to reliable and affordable sources of minerals like cobalt, graphite, lithium, manganese, and nickel, which are used in modern electric-vehicle batteries, will come to occupy a larger share of energy security concerns, especially since one country has already gained control over much of the world’s production and processing of those minerals
  • oil has remained abundant and affordable, despite major production disruptions during the Arab Spring from 2010-2012, in Libya from 2013-2016, and in Venezuela after 2017. In fact, oil prices had dropped 60 percent from their 2008 highs by early 2020, even before the COVID-19 pandemic had made a dent in the global economy.
  • falling oil prices throughout the 2010s may have lulled Western policymakers into believing that the Russian Federation, whose economy is heavily reliant on oil and natural gas exports, would become more docile. It did not; instead, it continued to modernize its military and intimidate its neighbors
  • ...9 more annotations...
  • OPEC and Russia bargained for months, but talks finally broke down after Moscow refused to limit its oil production to help stabilize oil prices in the wake of the slump in global oil demand caused by the COVID-19 pandemic. Calculating that it could hurt Russia enough to force it back to the negotiating table, Saudi Arabia boosted its daily oil output by 20 percent, flooding the market with oil. Not to be intimidated, Russia responded with a short-term increase in its own oil output (possibly to strike back at Saudi Arabia or to force some American shale-oil companies out of business or both). As a result, oil prices collapsed. The futures price for West Texas Intermediate crude touched a remarkable -$37 per barrel. Although beneficial for oil consumers, the Russia-Saudi Arabia oil price war was a reminder of the influence that state-driven oil producers still had over the world’s energy security.
  • a single country, China, has gained control over much of the world’s production and processing of the cobalt, graphite, lithium, manganese, and nickel used in lithium-ion batteries, the type of electricity-storage devices favored by electric-vehicle manufacturers today.
  • Chinese companies now control almost half of the DRC’s cobalt output, which constitutes over two-thirds of the world’s production. Perhaps of greater concern, China has come to dominate the refining and processing of those minerals. Eighty percent of the cobalt sulphates and oxides used for lithium-ion battery cathodes are processed in China.
  • China’s monopoly can be largely attributed to its relatively low energy costs and less stringent environmental regulations.
  • Though China controls a smaller share of the world’s production of lithium than that of other minerals, it has been buying up stakes in lithium mines around the globe.
  • Moving up the value chain, it is expected to build 101 of the 136 lithium-ion battery manufacturing plants that are currently planned over the next decade
  • n 2010, China abruptly restricted its rare-earth metal exports to Japan, nominally to protect the environment. But after a lengthy review, the World Trade Organization ruled against China’s restrictions. Since then, worries about relying on China as a strategic-minerals supplier have continued to grow. Sometimes, China feeds those fears. In one 2019 incident, China’s state-run Global Times flaunted the country’s dominance over rare-earth metals as a strategic weapon against other countries with the headline “China gears up to use rare-earth advantage.” Such not-so-veiled threats from government-linked media only fan suspicions that China will behave no better than Russia or Saudi Arabia—and possibly worse.
  • In 2019, the U.S. Department of State launched the Energy Resources Governance Initiative to “promote resilient and secure energy resource mineral supply chains” for all kinds of renewable energy and battery storage technologies.  The initiative’s membership has grown to include Australia, Botswana, Canada, Peru,
  • the world appears to be swapping its old dependency on OPEC and Russia, a fractious bunch that until recently was losing power to American oil-shale upstarts, for a new one on China, a single country with a one-party government
Ed Webb

WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices | Busines... - 0 views

  • The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.
  • possibly as early as 2012 – global oil production would have hit its highest point. This crunch point is known as "peak oil".Husseini said that at that point Aramco would not be able to stop the rise of global oil prices because the Saudi energy industry had overstated its recoverable reserves to spur foreign investment. He argued that Aramco had badly underestimated the time needed to bring new oil on tap.One cable said: "According to al-Husseini, the crux of the issue is twofold. First, it is possible that Saudi reserves are not as bountiful as sometimes described, and the timeline for their production not as unrestrained as Aramco and energy optimists would like to portray."It went on: "In a presentation, Abdallah al-Saif, current Aramco senior vice-president for exploration, reported that Aramco has 716bn barrels of total reserves, of which 51% are recoverable, and that in 20 years Aramco will have 900bn barrels of reserves."Al-Husseini disagrees with this analysis, believing Aramco's reserves are overstated by as much as 300bn barrels. In his view once 50% of original proven reserves has been reached … a steady output in decline will ensue and no amount of effort will be able to stop it. He believes that what will result is a plateau in total output that will last approximately 15 years followed by decreasing output."
  • "Our mission now questions how much the Saudis can now substantively influence the crude markets over the long term. Clearly they can drive prices up, but we question whether they any longer have the power to drive prices down for a prolonged period."
  • ...2 more annotations...
  • While fears of premature "peak oil" and Saudi production problems had been expressed before, no US official has come close to saying this in public.
  • Jeremy Leggett, convenor of the UK Industry Taskforce on Peak Oil and Energy Security, said: "We are asleep at the wheel here: choosing to ignore a threat to the global economy that is quite as bad as the credit crunch, quite possibly worse."
Ed Webb

Petro-aggression: How Russia's oil makes war more likely - 0 views

  • A Russian natural gas embargo is a trick that can probably only be pulled once (not unlike the 1973 oil embargo).  So in a sense, European dependence on Russian energy does not imply short-term vulnerability – except that European policymakers’ perceptions of vulnerability can become its own reality.
  • Russia’s resource curse.  Russia’s energy revenues (from both oil and gas) have ensconced Vladimir Putin as an autocrat and given him a free hand in foreign policy.  Russia is so heavily dependent on its energy revenues that it is a classic petrostate, making it more susceptible to corruption, autocracy and violent conflict.
  • Russia’s incursion into Crimea can be seen as a close cousin of petro-aggression.  A state is more likely to instigate international conflict when it has a combination of (a) oil income and (b) a leader with aggressive preferences.  A lot more likely: 250 percent more military conflict than a typical non-petrostate, on average.  Oil income means more military spending, increasing the state’s scope for potential conflicts.  Even more importantly, it distorts the domestic politics of the state, reducing the leader’s domestic political risk from military adventurism and aggressive foreign policy.
  • ...2 more annotations...
  • Here lies the real risk of Europe’s energy situation: So long as it continues to buy Russian oil and gas, it is sending massive amounts of cash to a neighboring dictator.  By keeping the taps on, Putin consolidates his power as Russian dictator.
  • Diversifying away from fossil fuels would bring security benefits (in addition to some obvious environmental ones), in part by reducing the money sent to petrostates like Russia.
Ed Webb

Climate pledges built on flawed emissions data, Post investigation finds - Washington Post - 0 views

  • An examination of 196 country reports reveals a giant gap between what nations declare their emissions to be versus the greenhouse gases they are sending into the atmosphere. The gap ranges from at least 8.5 billion to as high as 13.3 billion tons a year of underreported emissions — big enough to move the needle on how much the Earth will warm.
  • the data the world is relying on is inaccurate
  • The gap comprises vast amounts of missing carbon dioxide and methane emissions as well as smaller amounts of powerful synthetic gases. It is the result of questionably drawn rules, incomplete reporting in some countries and apparently willful mistakes in others — and the fact that in some cases, humanity’s full impacts on the planet are not even required to be reported.
  • ...20 more annotations...
  • 59 percent of the gap stems from how countries account for emissions from land, a unique sector in that it can both help and harm the climate. Land can draw in carbon as plants grow and soils store it away — or it can all go back up into the atmosphere as forests are logged or burn and as peat-rich bogs are drained and start to emit large amounts of carbon dioxide
  • methane emissions comprise a second major portion of the missing greenhouse gases in the U.N. database. Independent scientific data sets show between 57 million and 76 million tons more of human-caused methane emissions hitting the atmosphere than U.N. country reports do. That converts to between 1.6 billion and 2.1 billion tons of carbon dioxide-equivalent emissions
  • countries are undercounting methane of all kinds: in the oil and gas sector, where it leaks from pipelines and other sources; in agriculture, where it wafts upward from the burps and waste of cows and other ruminant animals; and in human waste, where landfills are a major source
  • Data from the International Energy Agency (IEA) lists Russia as the world’s top oil and gas methane emitter, but that’s not what Russia reports to the United Nations. Its official numbers fall millions of tons shy of what independent scientific analyses show, a Post investigation found. Many oil and gas producers in the Persian Gulf region, such as the United Arab Emirates and Qatar, also report very small levels of oil and gas methane emission that don’t line up with other scientific data sets.
  • fluorinated gases, which are exclusively human-made, also are underreported significantly. Known as “F-gases,” they are used in air conditioning, refrigeration and the electricity industry. But The Post found that dozens of countries don’t report these emissions at all — a major shortcoming since some of these potent greenhouse gases are a growing part of the world’s climate problem.
  • Vietnamese officials said more recent reports assume fluorinated gases do not escape from air conditioning and refrigeration systems. But they do: U.S. supermarkets lose an average of 25 percent of their fluorinated refrigerants each year.
  • Some countries with lagging data have significant carbon footprints: Iran, one of the top 10 largest emitters, has not filed an inventory since 2010; Qatar, a large natural gas producer, last revealed its emissions in 2007; and Algeria, a major oil and gas producer, in 2000.
  • more than 1 billion tons of emissions from international air travel and shipping, for which no country takes responsibility.
  • emission reports are so unwieldy that the United Nations does not have a complete database to track country emissions. Some 45 countries have not reported any new greenhouse gas numbers since 2009
  • While the Paris agreement calls for a more transparent system by the end of 2024, it could take until 2030 to get to robust reporting — an eternity compared with the tight time frame the world needs to get it right. The world has already warmed at least 1.1 degrees Celsius (2 degrees Fahrenheit) compared with preindustrial levels, leaving a very narrow path to avoid crossing the dangerous warming thresholds of 1.5 and 2 degrees Celsius.
  • In one of the most striking cases, Ciais’s study found that methane leakage from fossil fuel operations in the oil states of the Persian Gulf could be as much as seven times more than what they officially report.
  • On the one hand, the Earth is working harder to mitigate carbon pollution than we may realize. On the other hand, droughts, wildfires and other major disturbances tied to climate change quickly can release much of this carbon again.
  • The bulk of emissions comes from burning fossil fuels, which can be tallied with reasonable precision. But more than a third are not easily tracked, including the emissions that arise when forests are chopped down or lost to fire, peatlands are drained, or excess fertilizer is spread on agricultural fields.
  • the U.N. reporting guidelines don’t currently require any atmospheric or satellite measurements, known as a “top-down” approach. Rather, the guidelines ask scientific bookkeepers in each country to quantify levels of a particular activity. This includes the number of cows, whose burps makes up 4 percent of total greenhouse gases, the amount of fertilizer used or how much peatland was converted to cropland in a given year. Then, countries multiply those units by an “emissions factor” — an estimate of how much gas each activity produces — to determine a total for everything from belching cows to tailpipe emissions.
  • “garbage in, garbage out.”
  • Malaysia’s skewed data vividly illustrates the high stakes countries face as they confront the growing pressure to reduce emissions while managing the very real economic consequences that process triggers.In the past decade, some in the Southeast Asian nation have gone to great lengths to counter the scientific conclusion that its oil palm industry is releasing huge amounts of carbon
  • across Sarawak and other regions of Malaysia, 4,000 square miles of these forests — close to the size of Connecticut — have been drained in recent decades. Much of this land is sown with plantations for palm oil, commonly used in products ranging from biofuels to processed foods, soaps and makeup
  • When peatland is drained, it releases a rapid pulse of carbon dioxide and other greenhouse gases as the once-waterlogged plants’ remains degrade with the sudden exposure to air. Emissions then continue for decades, until all the peat is gone.
  • Malaysia’s government has downplayed the palm oil industry’s climate impact across several categories in its U.N. reports.In 2016, Malaysia claimed that it had not converted a single acre to cropland.“This is patently untrue,”
  • “When you walk over peatlands, your feet sink down into thousands of years of carbon,” said Hurowitz, the Mighty Earth chief executive. “Sarawak has sent its peatland destruction advocates to scientific, government and corporate events for years to present a wildly distorted picture of destroying these ultrarich carbon ecosystems.”
Ed Webb

The Oil Drum | IEA Economist Warns about World Oil Supply - 0 views

  • the market power of the very few oil-producing countries that hold substantial reserves of oil – mostly in the Middle East – would increase rapidly as the oil crisis begins to grip after 2010
  • Many people think there will be a recovery in a few years' time but it will be a slow recovery and a fragile recovery and we will have the risk that the recovery will be strangled with higher oil prices.
  • demand after 2010 is expected to exceed dwindling supplies
  • ...1 more annotation...
  • I fear that most governments, particularly members of the OECD, will waste time trying to downplay the possible ramifications of declining oil production and to assure the public that everything is under control.
Ed Webb

Key oil figures were distorted by US pressure, says whistleblower | Environment | The G... - 0 views

  • The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.
  • John Hemming, the MP who chairs the all-party parliamentary group on peak oil and gas, said the revelations confirmed his suspicions that the IEA underplayed how quickly the world was running out and this had profound implications for British government energy policy.He said he had also been contacted by some IEA officials unhappy with its lack of independent scepticism over predictions. "Reliance on IEA reports has been used to justify claims that oil and gas supplies will not peak before 2030. It is clear now that this will not be the case and the IEA figures cannot be relied on," said Hemming."This all gives an importance to the Copenhagen [climate change] talks and an urgent need for the UK to move faster towards a more sustainable [lower carbon] economy if it is to avoid severe economic dislocation," he added.
Ed Webb

'Five years ago there was nothing': inside Duqm, the city rising from the sand | Cities... - 0 views

  • a long line of plans stretching back to the 1980s aimed at developing and populating barren parts of Oman. Around 70% of the country’s population resides within a thin 150-mile-long coastal strip in the north near Muscat. The government now sees its hundreds of miles of unused coastline as full of economic potential.
  • “Duqm is a huge industrial city being built out of thin air,” says Manishankar Prasad, a local researcher who worked on the new city’s environmental and cultural impact assessments. “It will essentially change the locus of industrial activity from the northern parts of the country, which are heavily urbanised. [Having this] huge geographical expanse with this sparse population and no industrial activity is really not the way forward.”
  • We are in the midst of an era of new cities – with more than 200 currently under construction. Remote deserts all over east Asia, the Middle East and parts of Africa are being urbanised. There’s Nurkent in Kazakhstan, Aylat in Azerbaijan, New Kabul City in Afghanistan, New Baghdad in Iraq, Rawabi in Palestine, King Abdullah Economic City in Saudi Arabia, New Cairo in Egypt … Morocco has nine new cities in the works, and Kuwait has 12.
  • ...5 more annotations...
  • Oman is desperate to diversify away from its oil and gas dependency. Research by the US Energy Information Administration puts Oman’s known crude oil reserves at 5.6bn barrels. While this is only enough to rank the country 21st in the world, its economy is disproportionately dependent: oil and gas accounts for nearly half of the country’s GDP, 70% of exports and between 68% and 85% of government revenue.
  • “Several dozen new cities are being constructed in the Middle East, mainly to transition away from the petroleum industry to a variety of other industries, including tourism, manufacturing, education and hi-tech,” says Dr Sarah Moser, a McGill University geography professor and author of an upcoming atlas of new cities.
  • Duqm sits on the Arabian Sea near the Strait of Hormuz, the gateway to the Persian Gulf – and the world’s most glaring oil supply chokepoint. Nearly a fifth of the world’s oil currently flows through this passage, ever prone to disruption. If the Duqm project succeeds, the shipping industry would be able to dock at the gates of the Middle East without needing to go all the way inside.
  • attracted the attention of Beijing’s much heralded Maritime Silk Road. More than three-quarters of Oman’s crude oil exports go directly to China.
  • While Duqm was never very densely populated, around 3,000 Bedouin – mostly fishermen and semi-nomadic herders – called the area home before the bulldozers arrived. These villages have now been demolished and the Oman government has built a new, modern town for them to relocate to. The houses look as if they were copied and pasted from Muscat – bright, white buildings two storeys high with garages and ornate gateways. There is a mosque in the centre. The houses stand empty. The local Bedouin prefer their traditional way of life – and want space to keep camels.
Ed Webb

Can ISIS overcome the insurgency resource curse? - The Washington Post - 0 views

  • IS  is also gaining momentum in the struggle to control two natural resources that have defined the history of the Middle East – oil and water.
  • If control of oil has driven economic development in the modern Middle East, control of water has been a fundamental component of civilization itself. For decades, both the Syrian and Iraqi governments focused on hydrology in their bids for socioeconomic development, building a bevy of dams, canals and other infrastructure to control floods, improve agricultural irrigation and generate electricity for their populations. Denying or diverting water, though, was also tantamount to war. During the Iran-Iraq War (1980-1988) Saddam Hussein fretted that Iran would destroy dikes and dams on the upper Tigris River in order to cause flooding in Baghdad. In the early 1990s Syria and Iraq nearly went to war with Turkey over plans to divert part of the Euphrates River, and in 1992 Iraq famously cut off the water to the marshes of southern Mesopotamia in order to destroy the terrain where Shiite insurgents were hiding out. Punishing drought conditions in rural Syria may even have caused social unrest that helped precipitate the beginning of the March 2011 uprising.
  • In February 2013, IS took control of the Tabqa Hydroelectric Dam (Syria), once a showcase in Hafez al-Assad’s development plan and a major electricity source for Aleppo. Earlier this spring, IS opened up dikes around Fallujah to impede the Iraqi army as it tried to besiege the stronghold, causing flooding as far away as Najaf and Baghdad. With its recent advances, IS now controls the hydroelectric dam at Mosul, Iraq’s largest, and IS  is poised to take the dam at Haditha, the country’s second largest. With the tables turned, the Iraqi government finds itself considering a preemptive opening of the Haditha floodgates to block IS’s path.
  • ...2 more annotations...
  • According to New York Times reporter Thanassis Cambanis, IS  left the staff at the Tabqa Dam unharmed and in place, allowing the facility to continue operations and even selling electricity back to the Syrian government. Similarly, oil fields under IS  control continue to pump. Indeed, IS  has shrewdly managed these resources to help ensure a steady and sustainable stream of revenue. As one IS fighter told the New York Times, while Assad’s loyalists chant “Assad or burn the country,” IS retorts “We will burn Assad and keep the country.” Beside revenue from oil and water, IS  collects a variety of commercial taxes, including on trucks and cellphone towers.
  • Whereas resources like diamonds or drugs motivate rebel forces to take as much as they can as quickly as they can, the need to manage capital and technology-intensive natural resources has actually increased the interdependence between IS and civilians. Already in effective control of significant amounts of oil and water, the Islamic State is one step closer to becoming a reality.
Ed Webb

Why Putin's Africa Summit Was a Failure - 0 views

  • the first-ever Russia-Africa Summit, held in Sochi, Russia, last week
  • As Putin tries to court Africa’s leaders and stage a grand return to the continent, fears have been raised of a new scramble for Africa. It is a framing that seems to have stuck in Moscow, Beijing, and Washington, where officials have made clear to varying degrees that their engagement with the continent is part of a broader geopolitical struggle between each other.
  • There are plenty of problems with this framing, not least the way it portrays Africans as passive political objects, rather than actors in their own right
  • ...18 more annotations...
  • Since 2014, when sanctions following the annexation of Crimea forced Putin to find new markets and partners beyond the West’s regulatory reach, Russia has made a concerted effort to expand into Africa. It hasn’t had much effect. Today, only 3.7 percent of Russian goods end up in Africa. With more than 2.7 percent getting gobbled up by North Africa, a paltry fraction is destined for the bulk of the continent. It’s even worse in reverse, as African goods account for just 1.1 percent of Russian imports. The Sochi summit was supposed to change all this. However, there’s not much to suggest that it will. Of the $12.5 billion in deals that were allegedly signed, most were only memorandums of understanding that may never get off the ground.
  • Other than arms, of which Russia continues to be the continent’s key supplier, there is little it has to offer and less that Africa will take. For now, it’s hard to see how Putin’s plan to find new partners, make more money, and restart the Russian economy will succeed.
  • “The superpowers that are competing on this continent will determine the future of the world’s agenda,” Russian State Duma Deputy Anton Morozov awkwardly announced to a room full of African officials on the second day of the summit.
  • treating African states as easy-to-manipulate pawns is not only ethically and intellectually questionable—it’s also strategically silly
  • Judd Devermont of the Center for Strategic and International Studies explained, “The Russians go all in on the incumbent.”
  • As Omar al-Bashir was fighting to hold on to his blood-soaked dictatorship in the recent revolution, Russian actors swooped in with a misinformation plan to save him. They didn’t, and today Bashir is behind bars. Although the Russian-Sudanese relationship has resumed, it was a costly error in a country that can offer not only gold and oil, but also the Red Sea naval base that is one of Putin’s top priorities.
  • In 2018, associates of Yevgeny Prigozhin, the man who is believed to have masterminded Russian interference in the 2016 U.S. presidential election, trotted out similar tactics to disrupt a race in Madagascar. The idea was to use a troll farm to influence voter opinion by manipulating online media. However, in a nation where internet penetration is just 9.8 percent, about a quarter of what it is on average across the continent, the troll farm did not make a dent. The Kremlin’s candidates went on to lose, and subsequent allegations of bribes to Malagasy officials further sullied the Russian image.
  • in Libya, Russia has had even less luck. Two of the same Russian nationals who botched the Madagascar plot were found in July to be attempting to influence Libya’s recent elections. The Russians’ clueless antics got the duo arrested—no easy feat in a country that, according to Freedom House, entirely lacks both an electoral democracy and the rule of law.
  • Although Putin has had success with many of his assertive endeavors in Europe and the Middle East—polarizing publics, aiding politicians, annexing eastern Ukraine, and turning the tide of the Syrian civil war—his aggressive maneuvering in Africa has come with clear costs. “When Russia overplays its hand, Africans have distanced themselves,” Devermont said.
  • African states naturally have their own political preferences that are not always up for sale or at one leader’s mercy. When Russia courts ruling elites and tries to undermine democratic elections, it ignores basic trends on the continent. In the latest round of polling from Afrobarometer, Africa’s leading public survey firm, 75 percent of respondents expressed their commitment to free and fair elections.
  • Today, just 0.0005 percent of Africans believe that Russia serves as the best development model for their country, an Afrobarometer spokesperson told Foreign Policy. What’s more, the spokesperson said, the percentage of Africans who believe that Russia has the greatest foreign influence in their country was “lost among the ‘Others.’”
  • As role models and political partners, the United States and China are leaps and bounds beyond Russia. Polling from Afrobarometer shows the United States to be the most desired development model on the continent, attracting approval from 30 percent of Africans. China, meanwhile, comes in second with 24 percent. The rankings reverse for greatest foreign influence: 23 percent of Africans believe China to be the most prominent noncolonial power in their country, while 22 percent of Africans believe the United States holds that distinction.
  • there is a clear path for Putin to catch up—with Washington at least. Last year, U.S. President Donald Trump announced a large military drawdown that comes even as there is crucial anti-terrorism work left to do against Boko Haram in the west, al Shabab in the east, al Qaeda in the north, and the Islamic State in the south. In addition, Trump has shown total diplomatic indifference to the continent, having not sent a senior aide to Africa since former Secretary of State Rex Tillerson visited last year (and was fired while he was there), having never paid a visit himself, and having filled the key role of the ambassador to South Africa with a fashion designer and Republican donor with no diplomatic experience.
  • As with U.S. missteps in the Middle East, Trump’s Africa policy, or lack thereof, has paved the way for Russia’s rise. “It’s another case where we’re withdrawing and Putin is moving in to fill the vacuum,” McFaul, the former ambassador, said
  • Regularly referencing its own encounters with Western imperialism, Beijing has proved quite adept at using a global south narrative to paint its engagement with Africa as one of mutual respect and noninterference.
  • At the 2015 and 2018 Forums on China-Africa Cooperation, Chinese President Xi Jinping declared his goal of “the building of a new model of international partnership” and changing “the global governance system.”
  • China has what Russia does not and what the United States, preoccupied with other problems, has been unwilling or unable to use: cash
  • One thing the great-power framing also fails to take into account is how African states, like all states, can maintain multiple partnerships. It is a basic diplomatic fact that offers particular benefits in Africa, McFaul said, given that the “U.S., Russia, and China play in different lanes.” Nigeria, which announced a new arms agreement in Sochi, is one such beneficiary. At the same time as Russia can equip the country to provide security in its volatile oil-rich southeast, China has helped fund and build its oil infrastructure, and the United States has bought its oil by the billions of dollars. On second look, the mistaken zero-sum framing becomes a positive-sum bonanza.
Ed Webb

It's Time to Put Climate Change at the Center of U.S. Foreign Policy - 1 views

  • If the Iran nuclear deal boosted carbon emissions because the easing of sanctions brought an additional 2 million barrels per day of Iranian oil onto the market, that was a price well worth paying to prevent Iran from acquiring a nuclear weapon
    • Ed Webb
       
      Do you agree, and if so why?
  • climate change obviously needs to be at the center of U.S. energy diplomacy. For example, dialogue with OPEC nations or cooperation on strategic oil stocks to address global supply shocks should include discussion of how to prepare for an uncertain and potentially volatile period of transition away from oil
  • Expanding energy access for the 840 million people who lack access to electricity, the majority of whom live in sub-Saharan Africa, is critical for global health and development, yet support for efforts to achieve this goal must avoid following the carbon-intensive paths of other emerging economies such as India
  • ...12 more annotations...
  • issues such as securing electricity grids around the world against cyberattacks, since a decarbonized world will depend even more on electrical power as many additional sectors—such as buildings, cars, and trucks—are electrified
  • access to rare earths and other critical minerals such as lithium and cobalt will be even more important as raw materials for batteries, solar panels, and other renewable energy technologies.
  • defense leaders should work with their counterparts in other governments and within international institutions, such in the United Nations Security Council and NATO, to integrate climate change into their security agendas. Defense planning must increasingly consider the impacts of climate change, such as the threats of extreme weather to military installations, the stresses increased disaster assistance may pose to military readiness, and the risks food or water scarcity may pose to security in fragile states
  • From the standpoint of foreign policy, stronger domestic action can also lay the groundwork for cooperation instead of conflict with the European Union, which is planning to impose carbon border tariffs on imports from countries taking inadequate climate actions.
  • foreign policy must go beyond climate and energy diplomacy to make mainstream the consideration of climate change in all foreign-policy decisions. It may not always prevail when weighed against all other national security goals, but it is too important to be ignored.
  • the biggest shift from the current U.S. approach would be to take climate change considerations into the mainstream of all national-security and foreign-policy decision-making
  • Every ton of carbon dioxide contributes to climate change no matter where it is emitted, so an ambitious climate strategy cannot only be domestic—it must put the issue squarely at the center of U.S. foreign policy.
  • given both the urgency and global nature of climate change, the issue cannot be siloed into U.S. State Department or Energy Department offices and spheres of diplomacy. Many aspects of U.S. foreign policy will impact, and be impacted by, climate change. An effective foreign policy requires taking climate change directly into consideration—not just as a problem to resolve, but as an issue that can affect the success and failure of strategies in areas as varied as counterterrorism, migration, international economics, and maritime security.
  • a strategy for stability in Iraq will not be effective unless it considers the impacts of water scarcity and heat waves on the Iraqi people or the loss of Iraq’s oil revenue as climate policy gradually erodes oil demand. Similarly, the United States’ efforts to counter terrorism in North Africa may prove fruitless unless officials also consider climate impacts on desertification that make local populations vulnerable to terrorists’ promises
  • U.S. foreign policy has aimed for many years to rebuild Iraq’s struggling economy by helping the country to boost its oil output, and to address its chronic and politically destabilizing electricity shortages by increasing gas production as well. A climate-centered foreign policy would not only provide assistance to reduce flaring and use that gas within Iraq, but also explore opportunities to attract investment in renewable energy
  • in many cases there may not be a climate-friendly alternative approach. But foreign-policy makers won’t know whether the alternatives exist or not unless they ask the question
  • The National Environmental Policy Act requires that before major federal actions are taken, the relevant agency analyzes the effects on the environment and identifies reasonable alternatives that may mitigate those effects. A similar internal step in the foreign-policy making process—time permitting—would ensure that officials have full information about environmental consequences before they act. Several international financial institutions such as the World Bank have processes, albeit imperfect, to review the environmental impacts of their actions
Ed Webb

The demise of the dollar - Business News, Business - The Independent - 0 views

  • The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.
  • a risk of deepening divisions between China and the US over influence and oil in the Middle East. "Bilateral quarrels and clashes are unavoidable," he told the Asia and Africa Review. "We cannot lower vigilance against hostility in the Middle East over energy interests and security."
  • World Bank president Robert Zoellick. "One of the legacies of this crisis may be a recognition of changed economic power relations,"
  • ...3 more annotations...
  • In a clear sign of China's growing financial muscle, the president of the European Central Bank, Jean-Claude Trichet, yesterday pleaded with Beijing to let the yuan appreciate against a sliding dollar and, by extension, loosen China's reliance on US monetary policy, to help rebalance the world economy and ease upward pressure on the euro.
  • The current deadline for the currency transition is 2018.
  • Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars. Bankers remember, of course, what happened to the last Middle East oil producer to sell its oil in euros rather than dollars. A few months after Saddam Hussein trumpeted his decision, the Americans and British invaded Iraq.
    • Ed Webb
       
      Fisky always has been prone to alarmism. Iran is a much tougher target than Iraq. But if even some of what he reports here is true, economic power relations are indeed about to shift. And the move away from dollars for oil trading has been predictable for some time.
Ed Webb

The West's Poor Climate Track Record Is Spilling Over to Other Policy Areas - Carnegie ... - 0 views

  • COP27, scheduled for Sharm el-Sheikh, Egypt, in November, is almost guaranteed to showcase the Global South’s frustration with Western climate hypocrisy and its impatience for the rich world’s excuses. The West’s poor climate track record is threatening to harm its interests in other policy fields and undermine any reputational advantages it has over authoritarian states like China
  • Egyptian Foreign Minister and COP27 President Sameh Shoukry has called for the world to focus on implementing its commitments to cut emissions, deliver climate finance, and phase out fossil fuel subsidies, adding that he feels a responsibility as an African host to “highlight the priorities of the continent which has suffered the most, and which has contributed the least to the problem.” 
  • While the war in Ukraine should catalyze Europe’s energy transition in the medium term, Europe’s immediate response has been to prioritize energy security and price stability over the climate crisis
  • ...6 more annotations...
  • Europe’s scramble to buy up the global supply of liquified natural gas to replace Russian gas has left fuel-starved Pakistan and India with little choice but to burn more coal for air conditioning amid a record-breaking heatwave. The same wealthy Europeans who have been promising to remove fossil fuel subsidies since 2009 have shown little compunction about subsidizing oil and gas in 2022.
  • the U.S. administration is breaking a promise to stop selling leases for new oil and gas drilling on public lands and crossing its fingers in hopes that the Supreme Court does not gut the executive branch’s authority to regulate power plant emissions.
  • What does an Egyptian diplomat hear when the United States warns about new natural gas capacity “lock[ing] in decades of new emissions”  when the Biden administration cannot prevent its own postal service from spending billions on new fossil-fueled trucks in 2022?
  • concrete agreements where wealthy democracies pay to help countries like South Africa phase out coal remain rare bright spots in a murky picture.
  • A perception of Western dishonesty is among the varied economic and historical reasons why forty countries—including large democracies like India, Brazil, and South Africa—declined to condemn Russia’s invasion at the UN
  • Admittedly, domestic politics and a hard-nosed perception of the national interest are the main drivers of policy everywhere—Global South countries expect the West (and others) to think of itself first and global public goods second. Yet Western claims to uphold the “liberal, rules-based international order” are undermined by repeated failures to protect that order from climate stress.
Ed Webb

Will a Global Depression Caused by the Coronavirus Pandemic Trigger Another World War? - 0 views

  • worth asking whether the combination of a pandemic and a major economic depression is making war more or less likely. What does history and theory tell us about that question?
  • neither plague nor depression make war impossible
  • But war could still be much less likely
  • ...13 more annotations...
  • Because states often go to war out of sense of overconfidence (however misplaced it sometimes turns out to be), pandemic-induced pessimism should be conducive to peace.
  • even an impulsive and headstrong warmaker like Saudi Arabia’s Mohammed bin Salman has gotten more interested in winding down his brutal and unsuccessful military campaign in Yemen.
  • One familiar argument is the so-called diversionary (or “scapegoat”) theory of war. It suggests that leaders who are worried about their popularity at home will try to divert attention from their failures by provoking a crisis with a foreign power and maybe even using force against it. Drawing on this logic, some Americans now worry that President Donald Trump will decide to attack a country like Iran or Venezuela in the run-up to the presidential election and especially if he thinks he’s likely to lose.
  • This outcome strikes me as unlikely, even if one ignores the logical and empirical flaws in the theory itself. War is always a gamble, and should things go badly—even a little bit—it would hammer the last nail in the coffin of Trump’s declining fortunes. Moreover, none of the countries Trump might consider going after pose an imminent threat to U.S. security, and even his staunchest supporters may wonder why he is wasting time and money going after Iran or Venezuela at a moment when thousands of Americans are dying preventable deaths at home
  • states do not start wars unless they believe they will win a quick and relatively cheap victory. As John Mearsheimer showed in his classic book Conventional Deterrence, national leaders avoid war when they are convinced it will be long, bloody, costly, and uncertain. To choose war, political leaders have to convince themselves they can either win a quick, cheap, and decisive victory or achieve some limited objective at low cost. Europe went to war in 1914 with each side believing it would win a rapid and easy victory, and Nazi Germany developed the strategy of blitzkrieg in order to subdue its foes as quickly and cheaply as possible. Iraq attacked Iran in 1980 because Saddam believed the Islamic Republic was in disarray and would be easy to defeat, and George W. Bush invaded Iraq in 2003 convinced the war would be short, successful, and pay for itself.
  • launching a war has to be one of the least efficient methods available. The threat of war usually spooks investors too, which any politician with their eye on the stock market would be loath to do
  • Economic downturns can encourage war in some special circumstances, especially when a war would enable a country facing severe hardships to capture something of immediate and significant value. Saddam Hussein’s decision to seize Kuwait in 1990 fits this model perfectly:
  • Even conquering an oil-rich country—the sort of greedy acquisitiveness that Trump occasionally hints at—doesn’t look attractive when there’s a vast glut on the market
  • a sustained economic depression could make war more likely by strengthening fascist or xenophobic political movements, fueling protectionism and hypernationalism, and making it more difficult for countries to reach mutually acceptable bargains with each other
  • Nationalism, xenophobia, and authoritarian rule were making a comeback well before COVID-19 struck, but the economic misery now occurring in every corner of the world could intensify these trends and leave us in a more war-prone condition when fear of the virus has diminished.
  • Another familiar folk theory is “military Keynesianism.” War generates a lot of economic demand, and it can sometimes lift depressed economies out of the doldrums and back toward prosperity and full employment. The obvious case in point here is World War II, which did help the U.S economy finally escape the quicksand of the Great Depression. Those who are convinced that great powers go to war primarily to keep Big Business (or the arms industry) happy are naturally drawn to this sort of argument, and they might worry that governments looking at bleak economic forecasts will try to restart their economies through some sort of military adventure. I doubt it. It takes a really big war to generate a significant stimulus, and it is hard to imagine any country launching a large-scale war—with all its attendant risks—at a moment when debt levels are already soaring
  • The bottom line: Economic conditions (i.e., a depression) may affect the broader political environment in which decisions for war or peace are made, but they are only one factor among many and rarely the most significant. Even if the COVID-19 pandemic has large, lasting, and negative effects on the world economy—as seems quite likely—it is not likely to affect the probability of war very much, especially in the short term.
  • I can’t rule out another powerful cause of war—stupidity—especially when it is so much in evidence in some quarters these days
1 - 20 of 73 Next › Last »
Showing 20 items per page