Columbia Energy Exchange features in-depth conversations with the world's top energy and climate leaders from government, business, academia and civil society.
Columbia Energy Exchange features in-depth conversations with the world's top energy and climate leaders from government, business, academia and civil society. The program explores today's most pressing opportunities and challenges across energy policy, financial markets, geopolitics, and climate change as well as their implications for both the U.S. and the world.
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Erica Downs and Michal Meidan on China's Oil Shock That Wasn't
This week, Chinese President Xi Jinping travels to Washington for a state visit with President Trump, their second face-to-face meeting this year. Energy is likely to be high on the agenda, particularly the fallout from the ongoing conflict in the Middle East.
More than six months into the war with Iran, the Strait of Hormuz crisis continues to cause turmoil in the Gulf region and global energy markets with no apparent end in sight. Tanker traffic through the strait has collapsed to a fraction of its pre-war baseline, and the fallout is spreading.
It's been a tumultuous year for Venezuela, marked by political upheaval and deadly earthquakes. Then, in late August, the Trump administration announced a deal for over 65 billion barrels of Venezuelan oil reserves—and a 35% stake in North American Blue Energy Partners (NABEP).
Advanced technologies, a return to domestic manufacturing, and the race to control energy production while also confronting surging demand for electricity. All of these factors mean that for the US, energy security and national security are increasingly centered on critical minerals.
Energy abundance means different things in today's global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It is about navigating geopolitical fragmentation, limited government support, and shifting development priorities.
Abundance and affordability have become buzzwords among policymakers, who often have sharply different interpretations of how to attain them. To some, an energy abundance agenda means fewer regulatory barriers to produce more clean, cheap power.
It started last year as a pressure campaign at sea, with the United States seizing tankers as part of what President Trump called a "total and complete blockade" of vessels carrying Venezuelan crude subject to US sanctions.
Over the past five months, the Strait of Hormuz has been closed for extended stretches of time, disrupting roughly 10 to 15 million barrels of oil supply each day. It is the biggest energy supply shock in history, but global energy markets are defying historical expectations.
As the demand for power surges across the US, the debate over how to build energy infrastructure has reached a fever pitch. And while both sides of the aisle broadly agree that the current permitting process is broken, turning that consensus into actual legislation remains a challenge.