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Windfall Page 55

by Meghan L. O'Sullivan


  oil export routes and, 103–4

  oil prices and production in, 98–100, 148

  unconventional boom in, 98–99

  U.S. and, 293

  Canadian Association of Petroleum Producers, 99

  Cantarell field, Mexico, 95–96

  cap-and-trade system, 153, 223, 224

  car sharing, 53

  carbon emissions, 51, 137, 147–53, 155, 180, 223, 224, 243, 244, 290, 293, 302

  carbon tax, 153, 162

  Carnegie Moscow Center, 183

  cartels, formation of, 9

  Carter, Jimmy

  on energy independence, 84

  State of the Union address by, 253–54

  Caruso, Guy, 44

  Carville, James, 87

  Caspian Sea, 4, 10, 167

  Caucasus, x, 7, 193–94, 196

  Center for Sustainable Shale Development, 160, 161

  Chávez, Hugo, 86, 230, 267, 284

  chemical weapons, 273

  Cheniere Energy, 72, 88

  Chenobyl nuclear reactor, 157–58

  Chesapeake, 140

  Chevron, 22, 98, 171

  China, 16, 27, 30, 59, 98, 118, 212–48

  agriculture in, 217

  Angola and, 231, 233

  Asian Infrastructure Investment Bank (AIB) and, 134

  automobiles in, 216–17

  carbon emissions and, 156

  climate change and, 136–37, 216, 243, 294

  coal use in, 138, 150, 222, 223, 294, 302

  corruption probes in, 233–34

  Daqing project and, 212–13

  dependence on Middle Eastern oil, 119, 138

  economic growth in, 49, 51, 134, 139, 213, 214, 216–19, 224, 258, 302, 304

  energy boom and, 132

  energy demand in, 49, 51, 202, 213–14, 217, 219, 236, 298

  energy shortages in, 225

  environmental issues in, 214, 221–22, 302

  foreign investment by, 228–33, 237

  foreign policy of, x, 6, 214–15, 225–40

  GDP of, 216, 218

  going out strategy of, 229–36, 238

  Great Famine in, 217

  Iran and, 122–25, 138, 245–46

  Iraq and, 246, 247

  Japan and, 68

  Middle East and, 244–46

  natural gas imports of, 202–7, 210, 227, 241

  natural gas production in, 69, 70, 71, 73, 222–24, 227, 294, 302, 303

  oil prices in, 5–7, 219–21, 225–27

  oil production and imports and, 213, 214, 220, 258

  One Belt, One Road initiative of, 235–36

  pollution in, 214, 222

  relationship to world order, 131

  renewable energy in, 224, 294

  Russia and, 80, 198–205, 202–8, 212, 287, 289, 296, 298–99

  shale gas resources in, 47, 139, 203, 226

  shale oil resources in, 226

  Sudan and, 228–30, 233, 235

  transportation in, 53

  U.S. and, 119, 136–39, 155, 215–16, 238–44, 246–47, 294–95, 298

  Venezuela and, 230, 234, 235

  China-Arab States Cooperation Forum, 245

  China Development Bank, 235

  China National Offshore Oil Corporation (CNOOC), 239

  China National Petroleum Corporation (CNPC), 201, 233

  Chinese Academy of Social Sciences, 234

  Chinese Communist Party, 212, 217, 222, 224, 225, 227, 239, 243, 302

  Chinese Society for Environmental Sciences, 222

  Churchill, Winston, 283

  CIA (Central Intelligence Agency), 253

  Citigroup, 53

  Clean Power Plan, 155

  climate change, xi, 8, 10, 68, 71, 101–2, 135–38, 146–48, 150, 152, 153, 155, 173, 180, 216, 243, 244, 294, 305

  Clinton, Hillary, 138

  Clinton, William J., 123

  coal, x, 27, 51, 69–71, 86, 93, 138, 150, 151, 156, 222, 293, 294

  coal bed methane, 73, 75

  Coal to Liquid Fuel Energy Act of 2007, 150

  Cold War, 128, 181

  Coll, Steve, 301

  Colombia, 16, 32, 48

  Color Revolutions, 189

  Colorado, 158

  Commerce, U.S. Department of, 140

  commercial vs. strategic interests in oil, 116–17, 118

  Commission on Foreign Economic Policy, 91–92

  ConocoPhillips, 171

  consumption effect, 152

  Cooper, Andrew Scott, 38

  Corpus Christi, Texas, 111

  Council on Foreign Relations, The, 51

  Crimea, annexation of, 125, 165–68, 174, 180, 184, 191, 195, 198, 200, 289, 299

  Croatia, 167

  Cruz, Ted, 93

  Cuba, 290

  Czech Republic, 171, 174

  Da Yu (Yu the Great), 221

  Dakota Access Pipeline, 159

  Daqing project, 212–13

  Darfur, 228

  Davis, Morgan, 44

  de Pous, Jan Willem, 78

  decline rates of oil fields, 42

  deep water oil fields, 42

  Defense, U.S. Department of, 121

  Operational Energy Strategy, 120

  Defense Science Board, 120

  Deffeyes, Kenneth, 44

  Delucchi, Mark, 257

  demand, uncertainty of, 48–53

  Deng Xiaoping, 212, 214, 217

  Denmark, 173

  Denver, Colorado, 158

  destination clauses, 79

  Deutch, John, 158, 160

  Devon Energy, 21, 22, 140

  diesel fuel, 150, 160

  Dimmit County, Texas, 158

  Diwan, Roger, 58

  Djibouti, 269

  Donilon, Tom, 124, 288

  Dow Chemical, 111

  Dubai, 267, 270

  Dutch East Indies, 117, 283

  Eagle Ford, South Texas, 22, 24, 46

  East China Sea, 68

  Eastern Siberia-Pacific Ocean pipeline, 205

  Economic Sanctions Reconsidered (Hufbauer, Schott, Elliott, Oegg), 126

  Economist, 27–28, 41

  Egypt, 74, 96, 251, 261, 265, 269, 277

  Eisenhower, Dwight D., 91–92

  electric cars, 10, 42, 52, 53, 304

  electricity, 10, 17

  in China, 223, 224, 302

  European prices of, 180

  generation of, 151, 152

  in Mexico, 97

  Elliott, Kim, 126

  Energy, U.S. Department of, 76, 241

  energy conservation programs, 86

  energy demand growth, 48–53

  Energy Governance and Capacity Initiative, 141

  energy independence, 86, 90–91, 95, 255, 286

  differing scenarios of, 90–95

  North American, 97, 98, 100–107

  U.S. presidents on, 84–85

  Energy Outlook 2035 (BP), 304

  Energy Policy and Conservation Act of 1975, 86

  Energy Security Leadership Council, 87

  Eni, 171

  Environmental Defense Fund, 162

  environmental issues, 146, 155, 159–62, 305

  in Canada, 103

  in China, 214, 221–22, 302

  in Mexico, 104

  standards, 47–48, 70

  Environmental Protection Agency (EPA), 155

  Erdogan, Recep Tayyip, 276

  Estonia, 167, 174

  Eurasian Economic Union, 209

  Europe, 5, 8, 165–81, 287, 289, 299

  European Commission, 135, 167, 168, 171, 172

  European Union, 124, 135, 168, 172, 178, 195

  energy demand in, 49

  natural gas imports and, 77, 78

  extraction techniques, 18, 20, 21, 40, 72, 98 (see also fracking)

  Exxon Valdez oil spill, 143

  ExxonMobil, 22, 35, 50, 52, 96, 98, 104, 105, 111, 161, 171, 301

  al-Faisal, Saud, 279

  al-Falih, Khalid, 54

&nbs
p; Faraday, Michael, 73

  Fayetteville shale, 111

  Federal Institute for Geosciences and Natural Resources, 170

  federal lands, 155

  Ferguson, Niall, 193–94

  financial crisis (2008), 5, 6, 30, 109, 112, 129, 255

  Finland, 174

  First Law of Petropolitics, The, 263–64

  First Nation communities, 103

  fiscal breakeven price, 266–68

  Fitzsimons, Hugh, 158

  flaring, 149

  floating storage and regasification unit (FSRU), 74

  Forbes magazine, 23, 189

  Ford, Gerald, 84, 183

  Fordo uranium enrichment facility, Iran, 124

  Foreign Affairs, 188

  Foreign Policy magazine, 38

  Forum on China-Africa Cooperation (2015), 237

  fossil fuels, 10, 17, 44, 71, 146, 147, 153–54, 159, 222, 305

  Frac Tech, 23

  Frackers, The (Zuckerman), 130

  fracking, 18, 22, 23, 47–48, 61, 72, 98, 110, 148, 150, 156–60, 171–73, 292, 305

  France, 27, 48, 118, 171

  Iran and, 123

  Suez Crisis and, 258

  Freeport LNG, 241

  Friedman, Tom, 86, 246, 263–64

  Friendship (Islamic) Pipeline, 197

  fuel economy standards, 86

  fuel supply convoys, 121

  Fukushima, Japan, 6, 68, 76, 125, 158, 177, 289

  G20, 133

  Gaidar, Yegor, 182–83, 186, 196

  Gaidar Institute for Economic Policy, 193

  Game Changers: Energy on the Move, 10

  García Conejo, Antonio, 97

  gas-on-gas pricing, 78

  GasFrac, 160

  Gaza Strip, 276

  Gazprom, 168, 169, 174, 179, 191–93, 195, 200–201, 203, 206–10, 223, 277

  GDP (gross domestic product)

  China, 216, 218

  Russia, 185

  U.S., 110, 111, 126

  General Electric, 160

  George, Anita, 67

  Georges-Picot, François, 249

  Georgia (Caucasus), 193–94

  Germany, 167, 171–72, 180

  Gettysburg Address, ix

  Ghawar field, Saudi Arabia, 96

  Ghouri, Salman, 52–53

  Giffin, Gordon, 103

  Global Shale Gas Initiative, 140

  Global Trends, 15–17

  going out strategy (China), 229–36, 238

  Golden Rules report (IEA), 160

  Goldwyn, David, 138–41

  Gorbachev, Mikhail, 192

  Great Britain, xii, 16, 27

  economy in, 109

  shale development and, 171–72

  Suez Crisis and, 258

  Great Depression, 5–6, 55, 109

  Great Famine, 217

  Greece, 66, 167

  greenhouse gas emissions, 136, 151, 152, 155, 243

  Greenspan, Alan, 59

  grid-scale storage, 10

  Grybauskaité, Dalia, 174

  Guangdong Province, China, 225

  Gulf Coast, 88

  Gulf Cooperation Council (GCC), 185, 270

  Gulf of Mexico, 25, 33, 74, 97, 101

  Gulf War (1991), 59, 143, 254, 256, 284

  Guyana, 141

  Haass, Richard N., 290

  Halliburton, 141, 160

  Han Dynasty, 244

  Harper, Stephen, 103

  Harvard Business School, 161

  /Boston Consulting Group, 110, 111, 113

  Hawrami, Ashti, 272–74

  Hefner, Robert, 68

  Henry Hub, Louisiana, 66–67, 76, 79, 151, 161, 175

  Herberg, Mikkal, 239

  Heritage Foundation, 93

  Hess, John B., 58, 93

  Hess Corporation, 58

  Hezbollah, 276

  Hill, Fiona, 211

  Hitler, Adolf, x, 117

  Hogg, James “Big Jim,” 55

  Homs, Syria, 278

  horizontal drilling, 21, 22

  Horn of Africa, 246

  Hoth, Andre, 90

  House, Edward, 249–50

  House, Karen, 270

  Houthi insurgents, 2

  Hu, Emperor, 244

  Hu Jintao, 207, 225

  Hubbert, Marion King, 43–44

  Hubbert curve, 44

  Hufbauer, Gary, 126

  Humble Oil, 44

  Hungary, 140, 166, 167, 174

  Hurricane Katrina, 25, 143

  Hussein, Saddam, 118, 254, 272–74, 284

  hydraulic fracturing, 20, 21

  Ibn Saud, King Abdulaziz Al-Saud, 252–53, 270

  Iceland, 119

  IEA (see International Energy Agency)

  Ilves, Toomas, 165

  Ilyin, Ivan, 194

  India, 16, 27, 49, 59, 69, 122, 124, 125, 136, 205, 258

  carbon emissions and, 156

  shale gas resources in, 139

  Indonesia, 16, 206

  Industrial Revolution, x, 109

  Institutional Revolutionary Party (PRI), 104

  International Energy Agency (IEA), 3, 16, 19, 46, 47, 50, 69–71, 73, 75, 105, 133, 134, 142, 143, 149, 151, 153, 160, 170, 173, 214, 217, 224, 256, 262

  International Gas Union, 75, 77

  International Institute for Strategic Studies, 207

  International Monetary Fund (IMF), 113, 128, 134, 230, 231, 267, 268, 304

  International Panel on Climate Change, 150

  Iran, 2, 34, 37, 86, 92, 94, 133, 256

  arms sale embargo and, 126

  China and, 122–25, 138, 245–46

  India and, 122

  Iraq and, 258

  military budget of, 279

  natural gas exports from, 197, 281

  nuclear program in, 38, 121–24, 138, 246, 251, 280, 290

  Obama administration and, 59

  oil exports from, 122, 123–24, 280

  oil production in, 57, 95, 197, 280, 305

  sanctions against, 95, 121–25, 197, 251, 280, 290

  Saudi Arabia and, 38, 56, 279

  Strait of Hormuz and, 245–46

  Syria and, 278–79

  Iran-Pakistan-India pipeline, 139

  Iranian Revolution of 1979, 26, 167

  Iraq, 2, 22, 34, 36, 87, 92, 249, 251, 265, 298

  Abu Ghraib prison abuses in, 129

  British mandate and, 253

  China and, 246, 247

  Gulf War (1991), 59, 143, 254, 256, 284

  Iranian influence on, 258

  Kurdish region of, 272–75

  natural gas exports from, 197

  oil prices in, 7

  oil production in, 57, 117–18, 197

  U.N. sanctions against, 118

  Iraq War (2003), 59, 116–18, 120, 121, 129, 239, 284

  Iraqi Governing Council, 117–18

  Ireland, 119

  Islamic State for Iraq and al-Sham (ISIS), 2, 7, 246, 247, 250–51, 256, 274, 275, 278

  isolationism, 109

  Israel, 26, 66, 69, 119, 196, 251, 256, 261, 262, 275–77, 281

  Egypt and, 277

  natural gas production in, 275–77

  Suez Crisis and, 258

  Turkey and, 276–77

  Yom Kippur War and, 26, 284

  Italy, 167, 175

  Janjaweed, 228

  Japan, x, 27, 67–68, 74, 117, 124, 125, 198, 199, 227, 303

  automobile industry in, 52, 88, 284

  China and, 68

  Fukushima nuclear disaster in, 6, 68, 76, 125, 158, 177, 289

  Iran and, 125–26

  natural gas imports and, 76, 77, 125, 177

  oil imports and, 125

  oil prices in, 5

  Russia and, 125, 126, 199

  in World War II, 283

  Jervis, Robert, xi

  Jiang Jiemin, 233

  Johnson, Lyndon B., 91

  Jordan, 74, 140, 269, 277

  Julander, Fred, 67

  Jumblatt, Walid, 250
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  Justice, U.S. Department of, 54

  Kangxi, Emperor, 243

  Kashagan oil field, Kazakhstan, 32

  Kazakhstan, 24, 32, 199, 203, 208, 210

  “Keep It in the Ground” environmental groups, 158

  Kelley, P. X., 87

  Kerry, John, 174

  Keystone XL pipeline, 101–4

  King, Angus, 241

  King’s Messenger, The (Ottaway), 261–62

  Kissinger, Henry, 130, 133, 196, 242

  Klaipeda, Lithuania, 173–74

  Kobolyer, Andriy, 169

  Kosovo, 194

  Kotkin, Stephen, 190

  Kudrin, Alexei, 193

  Kuhn, Maximilian, 68

  Kupriyanov, Sergei, 201

  Kurdistan, x, 272–75

  Kuril Islands, 125

  Kuwait, 34, 117, 118, 254, 256, 259, 265–69, 284

  Kyoto Protocol, 135, 136, 151, 244

  Kyrgyzstan, 209

  Lance, Ryan, 59

  Latvia, 174

  Lavrov, Sergei, 279

  Lebanon, 250, 276

  LED lighting, 10

  Lehman Brothers, 109

  Levey, Stuart, 121–22, 124

  Leviathan natural gas field, Israel, 275–77

  Li Junru, 225

  Li Keqiang, 219–20

  Li Yuanchao, 199–200

  liberal international order, 130–34, 184, 296

  Liberia, 141

  Libya, 31, 57, 143, 197, 251, 265, 305

  Lincoln, Abraham, ix

  liquefied natural gas (LNG) (see natural gas)

  lithium, 9

  Lithuania, 167

  natural gas imports and, 173–74, 179

  Livingstone, Ken, 116

  LNG (see natural gas)

  López Obrador, Andrés Manuel, 104, 105

  Louisiana, 42, 66–67, 76–77, 79, 114, 241

  low-carbon technologies, 146

  Low Price Scenario, 46, 262

  Lozinski, Mike, 158

  Lula da Silva, Luiz Inácio, 144

  Luxembourg, 171

  Lynn, Bill, 120

  Macedonia, 66

  Mad Max movies, 45

  Maduro, Nicolás, 289

  Malacca Dilemma, 207

  Malaysia, 245

  Malta, 175

  Manning, Preston, 103

  Mao Zedong, 212

  Marcellus shale formation, 112, 157, 171

  Margelov, Mikhail, 204

  Marshall Plan, 284

  Marxist-Leninist ideology, 217

  Maryland, 157

  Mattis, James, 121

  Maugeri, Leonardo, 3, 256

  McCarthy, Gina, 136

  Medvedev, Dimitry, 208

  Melgar, Lourdes, 105

  Melua, Katie, 216

  methane, 153, 160

  Mexico, 7, 27, 34, 48, 73, 84, 95, 118, 257

  electricity prices in, 115–16

  foreign investment in, 97, 301

  labor costs in, 115

  nationalization of oil industry in, 96

  natural gas demand in, 105

  natural gas imports from U.S., 115, 116

  natural gas production in, 96, 98, 100

  oil production in, 95–96, 98

  reform of energy sector in, 96–98, 104–5

  U.S. and, 114–15, 293

  Middle East, 249–82, 297, 298, 300–302 (see also specific countries)

 

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