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The Latest Breaking News from Amy Myers Jaffe

Lessons learned in '70s have made US, world economies less vulnerable to oil shocks

The world economy is experiencing a disorienting flashback to the 1970s

The Independent UK

Why unlocking Venezuelan oil won’t mean much for US energy prices

In the wake of U.S. forces’ arrest of Venezuelan President Nicolás Maduro, U.S. President Donald Trump has said the U.S. is taking over Venezuelan oil production.

The Conversation

Why the US has designs on Venezuela's oil

Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro

The Independent UK

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BP's chief U.S. economist worries China is winning the global energy war. Here's why

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

Fortune

California repeatedly warned about fragile gas supply, spiking prices. But fixes never came

LOS ANGELES — California officials have had repeated warnings over the last two decades that the state’s unique blend of gasoline is susceptible to supply shortages and sharp price spikes.

Los Angeles Times

Lawmakers question oil executives on price gouging, but seem cool to price controls

WASHINGTON — As consumers fume over skyrocketing prices for gasoline and other commodities, congressional Democrats on Wednesday called executives from big oil companies on the carpet to explain why they appear to be making unseemly fat profits in the face of an international crisis.

Los Angeles Times

The US is banning Russian oil imports, but an embargo that includes European allies would have more impact

President Joe Biden announced on March 8, 2022, that the U.S. will ban imports of oil from Russia, along with refined petroleum products, natural gas and coal. The ban is the latest U.S. action designed to punish Russia for its invasion of Ukraine. Global energy policy expert Amy Myers Jaffe…

The Conversation

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OPEC, allies weigh oil output amid high prices, Russian war

The leaders of OPEC and its oil-producing allies are deciding how much oil to put to release to the world

The Independent UK

Can wealthy nations stop buying Russian oil?

One option the U.S. and other nations have for ratcheting up pressure on Russia in response to its invasion of Ukraine is reducing their Russian energy purchases. U.K. Foreign Minister Liz Truss has proposed that the G7 nations – the U.S., U.K., Canada, France, Germany, Italy and Japan – impose…

The Conversation

Can the US find enough natural gas sources to neutralize Russia's energy leverage over Europe?

The prospect of conflict between Russia and NATO countries over Ukraine has raised fears of an energy crisis in Europe. Russia provides nearly half of Europe’s natural gas, and some leaders worry that Moscow could tighten the flow if hostilities break out. To weaken Russia’s leverage, the Biden administration is…

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