Article
Deborah Gordon, Smriti Kumble, David Livingston
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"primaryCenter": "Carnegie Endowment for International Peace",
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"Sustainability, Climate, and Geopolitics"
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Source: Getty
Other
At Keystone XL’s Destination, A Global Battle Brewing
Recent upheavals in the oil market, most notably the growth in North American unconventional oil and the evolving response of OPEC, are prompting a reappraisal of conventional wisdom across a number of areas.
Published on Jul 7, 2015
Source: European Centre for Energy and Resource Security
Recent upheavals in the oil market, most notab ly the growth in North American unconventional oil and the evolving response of OPEC, are prompting a re - appraisal of conventional wisdom across a number of areas. Though analysis has tended to focus on global dynamics, many of the oil market’s defining ch aracteristics are determined by regionalized micro - competition. This article explores evolving supply dynamics in the U.S. Gulf Coast, the most important refining hub and single largest source of heavy oil refining capacity. The implications of these evolv ing dynamics hold repercussions for the debate over the Keystone XL pipeline, Saudi Arabia’s ability to maintain a foothold in the North American market, and the heightened competition among heavy crude oils in the Western Hemisphere. It is suggested that U.S. policymakers place their ultimate focus not upon individual pieces of infrastructure, but instead upon establishing strategic priorities for managing the new and dynamic supplies of oil – including heavy oil – that is competing for refinery capacity i n North America.
This article was originally published by the European Centre for Energy and Resource Security.
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About the Author
David Livingston
Former Associate Fellow, Energy and Climate Program
Livingston was an associate fellow in Carnegie’s Energy and Climate Program, where his research focused on emerging markets, technologies, and risks.
- Advancing Public Climate Engineering Disclosure
- Working Around Trump on ClimateCommentary
Erik Brattberg, David Livingston
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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