Economics & Global Affairs

32 Items

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Press Release - Belfer Center for Science and International Affairs, Harvard Kennedy School

American Energy Society Names Meghan O’Sullivan 2017 “Energy Writer of the Year”

| Nov. 13, 2017

The American Energy Society has named the Belfer Center’s Meghan O’Sullivan the 2017 “Energy Writer of the Year.” O’Sullivan, the Jeane Kirkpatrick Professor of the Practice of International Affairs at Harvard Kennedy School and Director of the Belfer Center's Geopolitics of Energy Project, received the prestigious award for her recently published book Windfall: How the New Energy Abundance Upends Global Politics and Strengthens America’s Power and for her New York Times commentary “How Trump Can Harness the U.S. Energy Boom.”

Report

The Global Oil Market: No Safe Haven for Prices

| Feb. 23, 2016

Leonardo Maugeri explains why oil production continued to grow despite the collapse of oil prices since November 2014. Investment in production capacity did not abate. In point of fact, oil producers are just beginning to see results from recently completed or soon-to-be-completed investments – as he suggested in 2012. This momentum means today’s oil surpluses will grow, putting further downward pressure on prices.

Will global demand catch up to absorb this glut? It seems unlikely.

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News - Belfer Center for Science and International Affairs, Harvard Kennedy School

Divestment Debate: Should Harvard Divest from Fossil Fuels?

| May 8, 2015

Should Harvard divest its financial holdings in fossil fuel companies to help address the climate change crisis? In the first Kennedy School public debate on this controversial issue, two prominent Harvard professors recently addressed that question, presenting arguments for and against joining the global divestment campaign.

Discussion Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

Falling Short: A Reality Check for Global LNG Exports

| December 19, 2014

In 2012, when many energy experts argued that oil production had peaked, Leonardo Maugeri published “Oil: The Next Revolution,” which forecast a glut of oil and collapsing prices in the next several years. His prediction proved prescient. Now, as analysts look past today’s oil-market drama to a near future of robust liquefied natural gas exports, Maugeri is again challenging conventional wisdom. The long-hoped-for and hyped-up gas market, he concludes, will disappoint.

“Falling Short: A Reality Check for Global LNG Exports” details the new findings by Maugeri, a former oil industry executive who is now an associate with the Geopolitics of Energy project at Harvard Kennedy School’s Belfer Center for Science and International Affairs.

Discussion Paper

Leapfrogging or Stalling Out? Electric Vehicles in China

| May 2014

China has ambitious goals for developing and deploying electric vehicles (EV). The stated intention is to “leapfrog” the auto industries of other countries and seize the emerging EV market. Since 2009, policies have included generous subsidies for consumers in certain locations, as well as strong pressure on local governments to purchase EVs. Yet four years into the program, progress has fallen far short of the intended targets. China has only about 40,000 EVs on the road, of which roughly 80% are public fleet vehicles such as buses and sanitation vehicles.

A coal mine near Hailar, northeastern Inner Mongolia Autonomous Region, China, 13 August 2005.

Herry Lawford Photo

Analysis & Opinions - The South China Morning Post

China's Coal Addiction a Threat to Its Energy Security

| May 14, 2014

"...[U]ntil now, Beijing's response to unmet energy demand has focused primarily on securing resources overseas, and building infrastructure for imports. China now generates more electricity from imported coal than from nuclear, wind and solar combined. Without a strong, coordinated policy shift, the country will depend on fuel imports for most of its energy consumption by the time it becomes a developed country."

Geothermal borehole house in Iceland, 14 March 2008.

Lydur Skulason Photo

Analysis & Opinions - Power & Policy Blog

OPEC Embargo +40: What Have We Learned?

| October 18, 2013

"If countries have learned anything, it is that they can protect themselves and become more resilient if they adopt policies and programs that increase their energy self-sufficiency. It turns out that this can be done much more quickly than anyone thought, if they build on what they have."

The Shale Oil Boom: A U.S. Phenomenon

AP Images

Discussion Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Shale Oil Boom: A U.S. Phenomenon

| June 2013

A study just released by Belfer Center researcher Leonardo Maugeri finds that the shale oil revolution taking place in the United States could result in the tripling of shale oil output to five million barrels a day by 2017, likely making the U.S. the top oil producer in the world in just a few years. The study by Maugeri, a Roy Family Fellow working with the Belfer Center's Geopolitics of Energy project, looked at whether the surge in shale oil production is just a temporary bubble or an event capable of significantly altering the U.S.—and possibly global—energy outlook.

"Gasoline Taxes and Consumer Behavior"

AP Photo

Discussion Paper

"Gasoline Taxes and Consumer Behavior"

    Authors:
  • Erich Muehlegger
  • Shanjun Li
  • Joshua Linn
| July 2012

Gasoline taxes can be employed to correct externalities associated with automobile use in order to reduce dependency on foreign oil and raise government revenue. This paper examines how gasoline taxes affect consumer behavior as distinct from tax-exclusive gasoline prices. It suggests that traditional analysis could significantly underestimate policy impacts of tax changes and discusses the implications of these findings.