Nearly all the world’s oil will soon be in the hands of unreliable autocrats. It’s time we went electric.
Professor Netzer’s research interests focus on customer relationships, preference measurement, and modeling various aspects of choice behavior, including how choices change over time, contexts, and consumers.
By Amy Myers Jaffe, Kenneth B. Medlock III & Ronald Soligo
By Jareer Elass & Amy Myers Jaffe
by Matthew E. Chen and Amy Myers Jaffe
Professor Strahan’s research interests include the structure, efficiency and risk management practices of the financial services industry. He has articles published in the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies.
David Victor, Amy Myers Jaffe, and Mark Hayes ask whether natural gas could be the “new oil,” in Natural Gas and Geopolitics: From 1970 to 2040 (New York: Cambridge University Press, 2006). “Not just because I was an editor,” Jaffe adds, “this is the best and only book on this important topic.”
Flip the Switch
Nearly all the world's oil will soon be in the hands of unreliable autocrats. It's time we went electric.
Slowly, quietly, the oil world has been transformed. The major international oil companies that dominated energy markets throughout the latter half of the 20th century — the ExxonMobils, BPs, and Royal Dutch Shells — now own less than 10 percent of the world’s oil and gas. They’ve been pushed aside by government-controlled national oil companies, which now command close to 80 percent of the world’s remaining oil reserves, overwhelmingly dominate oil production and pricing, and aren’t afraid to flex their geopolitical muscle.
Syria Assad’s Flirty Emails to his Ambassador’s Daughter Israel The Israel-Gaza Twitter War Libya French/Qatari Arms Transferred to Rebels? Chavez the pragmatist? Forget about it
Hugo Chavez is being practical, but don't expect it to last.
Venezuela’s launch of a new bidding round for foreign direct investment in its oil-rich Orinoco Belt region this past December, and Hugo Chavez’s decision last week to allow Western energy companies to bid for them, signals a reality check for international oil players. Despite all the hullabaloo about resource nationalism, re-nationalization, and energy weapons, there is nothing like a good market correction to focus the mind.