scholarly journals International Dimension of Contemporary U.S. Energy Policy: Challenges for Russia and the World

2019 ◽  
Vol 19 (3) ◽  
pp. 341-353
Author(s):  
Yury Viktorovich Borovsky
Keyword(s):  
United States ◽  
Energy Policy ◽  
Oil And Gas ◽  
The United States ◽  
Western Hemisphere ◽  
Energy Industry ◽  
Energy Market ◽  
Global Energy ◽  
The World ◽  
The U.S

Since the mid-2000s, the American energy industry has undergone profound changes. Having made the so-called shale revolution and achieved impressive results in the field of energy efficiency and renewable energy, the United States of America has not only radically reduced its dependence on imported hydrocarbons, but has begun to increase exports of these commodities. Given the economic weight of the U.S., such changes have significantly transformed the global energy market, requiring leading oil and gas exporters (including Russia) to take non-standard steps (for example, the OPEC+ deal). They also created serious prerequisites for Washington’s revision of its traditional energy policy in the international arena. The author makes a conclusion that the United States has not yet come out of the paradigm of net oil importer, which was formed after the first world oil crisis of 1973-1974. This means that Washington is still committed to the traditional principles of it’s foreign energy policy: diversification of oil import sources; promotion of free trade in world energy; special relations with oil exporters in the Persian Gulf and the strategic importance of the Middle East; reliance on energy suppliers from the Western hemisphere, etc. However, having radically reduced oil and gas imports and having got the opportunity to export them, the United States could not help but bring something new to its energy policy. While still prioritizing security of energy supply, the U.S. under B. Obama has started talking about the American energy independence, and D. Trump has proclaimed the global energy dominance as a new key American goal. The author assumes that global energy dominance implies Washington’s aggressive promotion of the American energy exporters, as well as its intention to turn the U.S. into a technological leader and a key regulator in the global energy market. Moreover, the U.S. has become freer in the matter of sanctions and other pressure on major oil and gas exporters, guided by its geopolitical and economic interests. Due to the growth of the American oil and gas export potential, the confrontation between Moscow and Washington in the energy sector, which began during the Cold war, has now acquired an additional economic dimension. Previously, the United States has tried to restrain the development of the Soviet, later Russian energy industry, but acted purely in the logic of political rivalry, not economic competition. Thus, in the foreseeable future the United States is unlikely to abandon its attempts to politicize and discredit Russia as an energy supplier to Europe and other regions of the world.

Notes from the Editors, June 2020

2020 ◽  
pp. c2-63
Author(s):  
The Editors
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Oil Industry ◽  
The United States ◽  
Oil Price ◽  
Tight Oil ◽  
Shale Oil ◽  
The World ◽  
The U.S

buy this issue The current massive oil glut is the product of the effects of the tight oil or shale oil revolution, which for a time turned the United States into the biggest oil and gas producer in the world. Now, suddenly as a result of an overproduction of world oil, made far worse by the sudden falloff in demand due to the COVID-19 pandemic, we are witnessing the possible euthanasia of the U.S. tight oil industry, bleeding cash even before the oil price collapse and encumbered with mountains of debt.

European Energy Alternatives and Turkey's Compatibility

2019 ◽  
pp. 96-121
Author(s):  
Selma Aytüre
Keyword(s):  
United States ◽  
European Union ◽  
Energy Policy ◽  
Oil And Gas ◽  
The United States ◽  
The European Union ◽  
Complementary Role ◽  
Strategic Location ◽  
The World

Energy is an issue of strategic importance to the European Union and Turkey. Both are dependent to the outside. EU is the world's largest energy importer and second largest energy consumer after the United States. Turkey's alignment with the EU's energy policy is extremely important for EU in terms of increasing the diversity and quality of its energy resources. Turkey's strategic location makes Turkey a land of passage for transporting oil and gas to Europe. This geopolitical importance is an important opportunity for both sides. In this chapter, EU's position on energy in the world has been explained first. Then the energy situation and energy policy in EU has been examined. Secondly, Turkey's energy policy and compatibility to EU together with complementary role to EU on Energy has been presented.

THE INFLUENCE OF SCOTTISH ACCOUNTANTS IN THE UNITED STATES: THE EARLY CASE OF THE SOCIETY OF ACCOUNTANTS IN EDINBURGH

1997 ◽  
Vol 24 (1) ◽  
pp. 117-141 ◽  
Author(s):  
T. A. LEE
Keyword(s):  
United States ◽  
General Theory ◽  
Research Program ◽  
The United States ◽  
The World ◽  
Early Case ◽  
The Impact ◽  
Chartered Accountants ◽  
The U.S

This study represents part of a long-term research program to investigate the influence of U.K. accountants on the development of professional accountancy in other parts of the world. It examines the impact of a small group of Scottish chartered accountants who emigrated to the U.S. in the late 1800s and early 1900s. Set against a general theory of emigration, the study's main results reveal the significant involvement of this group in the founding and development of U.S. accountancy. The influence is predominantly with respect to public accountancy and its main institutional organizations. Several of the individuals achieved considerable eminence in U.S. public accountancy.

Significant Differences in Proved Reserves Estimates Using SPE/WPC Definitions Compared to United States Securities and Exchange Commission (SEC) Definitions

2005 ◽  
Vol 8 (06) ◽  
pp. 520-527 ◽  
Author(s):  
D.R. Harrell ◽  
Thomas L. Gardner
Keyword(s):  
United States ◽  
Oil And Gas ◽  
The United States ◽  
Securities And Exchange Commission ◽  
Classification Systems ◽  
Direct Function ◽  
Oil Companies ◽  
Publicly Owned ◽  
Hydrocarbon Reserves ◽  
The U.S

Summary A casual reading of the SPE/WPC (World Petroleum Congresses) Petroleum Reserves Definitions (1997) and the U.S. Securities and Exchange Commission(SEC) definitions (1978) would suggest very little, if any, difference in the quantities of proved hydrocarbon reserves estimated under those two classification systems. The differences in many circumstances for both volumetric and performance-based estimates may be small. In 1999, the SEC began to increase its review process, seeking greater understanding and compliance with its oil and gas reserves reporting requirements. The agency's definitions had been promulgated in 1978 in connection with the Energy Policy and Conservation Act of 1975 and at a time when most publicly owned oil and gas companies and their reserves were located in the United States. Oil and gas prices were relatively stable, and virtually all natural gas was marketed through long-term contracts at fixed or determinable prices. Development drilling was subject to well-spacing regulations as established through field rules set by state agencies. Reservoir-evaluation technology has advanced far beyond that used in 1978;production-sharing contracts were uncommon then, and probabilistic reserves assessment was not widely recognized or appreciated in the U.S. These changes in industry practice plus many other considerations have created problems in adapting the 1978 vintage definitions to the technical and commercial realities of the 21st century. This paper presents several real-world examples of how the SEC engineering staff has updated its approach to reserves assessment as well as numerous remaining unresolved areas of concern. These remaining issues are important, can lead to significant differences in reported quantities and values, and may result in questions about the "full disclosure" obligations to the SEC. Introduction For virtually all oil and gas producers, their company assets are the hydrocarbon reserves that they own through various forms of mineral interests, licensing agreements, or other contracts and that produce revenues from production and sale. Reserves are almost always reported as static quantities as of a specific date and classified into one or more categories to describe the uncertainty and production status associated with each category. The economic value of these reserves is a direct function of how the quantities are to be produced and sold over the physical or contract lives of the properties. Reserves owned by private and publicly owned companies are always assumed to be those quantities of oil and gas that can be produced and sold at a profit under assumed future prices and costs. Reserves under the control of state-owned or national oil companies may reflect quantities that exceed those deemed profitable under the commercial terms typically imposed on private or publicly owned companies.

A review of the biology and ecology of Florida beggarweed (Desmodium tortuosum)

Weed Science ◽  
2004 ◽  
Vol 52 (2) ◽  
pp. 185-200 ◽  
Author(s):  
Theodore M. Webster ◽  
John Cardina
Keyword(s):  
United States ◽  
Plant Pathogens ◽  
Cultural Practices ◽  
The United States ◽  
Western Hemisphere ◽  
Southern United States ◽  
Southeast United States ◽  
Forage Crop ◽  
Disturbed Areas ◽  
The World

Florida beggarweed is native to the Western Hemisphere but is naturalized around the world. During the last century, the mechanization of agriculture has transitioned Florida beggarweed from an important forage component to a weed of significance in the coastal plain of the southeast United States. This herbaceous annual is naturalized and found in fields and disturbed areas throughout the southern United States. The characteristics that made Florida beggarweed a good forage crop also make it a formidable weed. This review describes the importance of Florida beggarweed as a weed in the southern United States and the taxonomy of this species and details the distribution throughout the world and within the United States. The ecology of Florida beggarweed and its interactions with crop plants, insects, nematodes, and plant pathogens also are summarized. Finally, management of Florida beggarweed in agricultural systems using cultural practices and herbicides is reviewed.

scholarly journals “Shale Revolution” in the United States as the Main Driver of the World Oil Market Transformation

2019 ◽  
Vol 12 (6) ◽  
pp. 71-93
Author(s):  
S. A. Zolina ◽  
I. A. Kopytin ◽  
O. B. Reznikova
Keyword(s):  
United States ◽  
Crude Oil ◽  
Oil Production ◽  
The United States ◽  
Oil Price ◽  
Oil Market ◽  
Oil Exports ◽  
The World ◽  
Oil Sector ◽  
The U.S

In 2018 the United States surpassed Saudi Arabia and Russia to become the largest world oil producer. The article focuses on the mechanisms through which the American shale revolution increasingly impacts functioning of the world oil market. The authors show that this impact is translated to the world oil market mainly through the trade and price channels. Lifting the ban on crude oil exports in December 2015 allowed the United States to increase rapidly supply of crude oil to the world oil market, the country’s share in the world crude oil exports reached 4,4% in 2018 and continues to rise. The U.S. share in the world petroleum products exports, on which the American oil sector places the main stake, reached 18%. In parallel with increasing oil production the U.S. considerably shrank crude oil import that forced many oil exporters to reorient to other markets. Due to high elasticity of tight oil production to the oil price increases oil from the U.S. has started to constrain the world oil price from above. According to the majority of authoritative forecasts, oil production in the U.S. will continue to increase at least until 2025. Since 2017 the tendency to the increasing expansion of supermajors into American unconventional oil sector has become noticeable, what will contribute to further strengthening of the U.S. position in the world oil market and accelerate its restructuring.  

International trade protectionist policies and in-state preferences: A link

2017 ◽  
Vol 17 (1) ◽  
pp. 31-52 ◽  
Author(s):  
Sawsan Abutabenjeh ◽  
Stephen B. Gordon ◽  
Berhanu Mengistu
Keyword(s):  
United States ◽  
Public Policy ◽  
International Trade ◽  
Policy Instruments ◽  
The United States ◽  
Policy Outcomes ◽  
The World ◽  
State Preference ◽  
Public Policy Instruments ◽  
The U.S

By implementing various forms of preference policies, countries around the world intervene in their economies for their own political and economic purposes. Likewise, twenty-five states in the U.S. have implemented in-state preference policies (NASPO, 2012) to protect and support their own vendors from out-of-state competition to achieve similar purposes. The purpose of this paper is to show the connection between protectionist public policy instruments noted in the international trade literature and the in-state preference policies within the United States. This paper argues that the reasons and the rationales for adopting these preference policies in international trade and the states' contexts are similar. Given the similarity in policy outcomes, the paper further argues that the international trade literature provides an overarching explanation to help understand what states could expect in applying in-state preference policies.

Guest Editorial: How To Meet Declining Oil Demand

2021 ◽  
Vol 73 (06) ◽  
pp. 10-11
Author(s):  
Dwayne Purvis
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Supply And Demand ◽  
The United States ◽  
Peak Oil ◽  
Oil Supply ◽  
Demand Growth ◽  
The World ◽  
Oil Demand ◽  
Percentage Basis

As the world reaches a tipping point in its will to address climate change, the industry must find a new way forward, especially in the United States. Many are right to say that oil and gas are not going away; the transition is planned to take 30 years or more and will not decline to zero production. This fact, though, obscures the reality that peaking, then declining, demand for oil—gas is another story—will structurally change and globally redistribute the industry’s exploration and employment. The story of oil supply and demand began its race to the top 150 years ago. “Shortage” and “glut” have meant that paired growth got out of sync, not that there was a real loss of production. For many decades the world has needed about 1 million B/D more each year than the previous year, but on a percentage basis growth has slowed. At the same time supply from previous years declines about 5 to 6% per year, arguably higher in recent years. The treadmill for new supply has been running hot for decades. All major public forecasts in the past year call for oil demand to plateau between now and about 2030 when accounting for ongoing changes to policy. (To be clear, some show a peak in the 2030s in “business as usual” cases, but they also show even sooner peaks if policy and demand changes accelerate). BP’s Energy Outlook 2020 from last fall took the bold—and well-argued—position that peak oil demand is today and that it is only a question of how fast demand declines. “Peak” demand isn’t really a peak like the Matterhorn; it is flatter like a weathered jebel. We know this from the example of the peak oil demand experienced by the developed world. We also know from that experience that forecasting agencies failed to predict the peak OECD oil demand in 2005 literally by decades even as demand turned down. Reversal of demand growth presents a figurative and mathematical inflection point. Though existing production continues, growth becomes negative, and the pace of the new-supply treadmill plummets. When the need for new supply approximately halves, the Pareto principle tells us that the number of new projects required will fall more than half. Thus, the need for those industry professionals preferentially tasked with finding new oil supply—geophysicists, exploration geologists, drillers, reservoir engineers, landmen—may fall quickly. Other disciplines like operations that service existing production will face only the headwinds of cost reductions and then the long, slow slide toward mid-century targets. The United States via its swarm of large and small companies has dominated the global supply story for more than a decade with its unique shale revolution, but it had previously shriveled to a second-tier producer. Fig. 1 shows 55 years of oil production history. Fig. 1a shows the US supply deconstructed to its functional parts while Fig. 1b shows ascendent producers on the same scales.

African Cinema in the American Video Market

1992 ◽  
Vol 20 (2) ◽  
pp. 38-41
Author(s):  
Cornelius Moore
Keyword(s):  
United States ◽  
The United States ◽  
Feature Film ◽  
African Cinema ◽  
The World ◽  
Film Market ◽  
The U.S

There are probably a billion videocassettes in the United States. Yet few, probably under a thousand, are African films. I want to ask why this is and describe a strategy to change it.How can one of the least known and most under-funded cinemas in the world, African cinema, find a place in the most lavishly promoted and capitalized media marketplaces on earth, the U.S. feature film market?

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