“You realize very quickly that there’s a lot of differences that … are all hidden under one term called oil,” Deborah Gordon, who directs the Carnegie Endowment's energy and climate program, said by phone. “I don’t think that’s going to be adequate for investors in the 21st century, or for governments permitting projects, or for the environmental community.”
“We’re in this no man’s land where it’s not raw crude, but it’s not finished product either,” says Deborah Gordon, director of the energy and climate program at the Carnegie Endowment for International Peace, a Washington-based think tank.
The final decision on Keystone XL pipeline construction will hardly affect Canadian tar sands oil production, unlike possible Saudi Arabia’s intention to keep oil prices low, former UN adviser David Livingston told Sputnik.
“The EPA letter provides President Obama with a more plausible path to ultimately rejecting the pipeline, though I anticipate that the Administration will be patient and let the State Department make its final recommendation,” an associate at Carnegie Endowment for International Peace’s Energy and Climate Program David Livingston told Sputnik on Wednesday.
At the same time, David Livingston, Energy and Climate Program Associate for Carnegie Endowment, took an entirely different stance in this issue. According to him, shale industry in the US will inevitably evolve, while at present it is going through a process of consolidation, when smaller and bankrupt oil and gas producers merge with larger corporations.
David Livingston, an associate in Carnegie’s Energy and Climate Program, explains: “The Saudis believe that they are amongst the most efficient, low-cost oil producers in the world.”
“The conclusion that OPEC is dead is rather simplistic,” said Dr Carole Nakhle, Energy Economist Expert and Director of UK based Crystol Energy Ltd.
“The expansion of offshore leasing for oil and gas exploration is not a sufficient stand-in for a long-term, coherent oil policy that prioritizes the production and use of relatively cleaner, less environmentally challenged oils,” an Associate at the Carnegie Endowment for International Peace’ Energy and Climate Program David Livingston told Sputnik on Wednesday.
“The problem is that lower gas prices make trucks and SUVs more attractive,” Gordon told ABC News. “So maintaining fuel economy when gas prices are low is very challenging.”
But David Livingston, an associate in the Energy & Climate Program at the Carnegie Endowment for International Peace, said the vague wording of the BIS document leaves unclear exactly what types of crude oil can qualify for this exemption. He also saw the step by BIS as a way for the administration to ease the export pressure without looking like it was rolling back the ban.
Energy analyst Matt Ferchen says China has an opportunity to think about how oil fits into its energy mix and pricing. “But as of now, I do not really hear any bold initiatives along these lines, the only thing I hear about is stocking up on oil.”