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Oil Price Collaterals
Since July 2014 the price of oil has been falling, and a new OPEC strategy pushed through by Saudi oil minister Ali Al-Naimi makes a reversal unlikely in the near future. OPEC felt obliged to defend its market share against US fracking firms and other “marginal producers.” The pain felt in Moscow, Tehran, and Caracas is an unintended – if not unwelcome – byproduct.
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The Coming (Öko)Strom
Removing regulations slowing the build-up of renewable systems for consumers and industry, considering complementary methods of integrating fluctuating flows of renewable energy, and greening the transport sector through fuel innovations: these are three of the developments we may see in Germany’s renewable energy transition in 2015.
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A Pivotal Year
What a difference a year makes: Germany’s transition to renewable energy showed positive forward momentum, with increasing energy production from renewables, increased exports, decreased carbon emissions, and decreasing consumer prices. The next challenge is to improve efficiency.
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A Symbolic No-Show
Barack Obama’s absence at the great Paris rally for the victims of last week’s terrorist attacks may be symbolic of a deeper rift: Americans and Europeans have a completely different view of what it takes to combat terrorism.