Reuters (May 13)
“With scars from a post-Ukraine energy security crisis fresh, oil prices around $80 a barrel, and central banks’ rate hikes reducing the value of long-term businesses like offshore wind, investors have already voted with their feet. Shell’s share price has risen by a third since 2023, while the benchmark FTSE 100 Index only gained 16% during the same period. Morningstar recorded net outflows globally from sustainable investing in the fourth quarter.”
Tags: 80, Barrel, Benchmark, Central banks, Crisis, Energy security, FTSE 100, Investors, Morningstar, Offshore wind, Oil prices, Outflows, Rate hikes, Share price, Shell, Ukraine, Value, Voted
Foreign Affairs (September 2)
“Europe’s supposed commitment to seeing Russia held to account for its actions in Ukraine seems to be trumped by its undeniable energy needs.” An overfocus on symptoms and quick fixes obscures “the path toward energy security.” Absent “coordinated foreign policy—not fragmented individual national responses…. EU member states will find themselves constantly threading the needle between upholding their values and meeting the basic needs of their citizens, a precarious exercise that will hurt the European project itself.”
Tags: Basic needs, Citizens, Commitment, Energy needs, Energy security, EU, Europe, Foreign policy, Fragmented, National, Responses, Russia, Symptoms, Ukraine, Values
Wall Street Journal (November 4)
By year end, the U.S. is likely to unseat Russia and become the second largest global producer of liquid fuels. The U.S. is now well positioned to escape the capricious yoke of OPEC and “even could surpass Saudi Arabia to become the leading global producer within the next decade.” Former Secretary of State George Schultz and FedEx CEO Fred Smith write, the nation’s leaders should “embrace both the supply revolution now well under way and the emerging demand revolution in oil-displacement technology that, together, promise a more secure and prosperous future.”
Tags: Demand, Energy security, FedEx, Fred Smith, Fuel, Future, George Schultz, Oil-displacement, OPEC, Producer, Revolution, Russia, Saudi Arabia, Supply, Technology, U.S.
