New oils are emerging in the United States and worldwide. The degree to which global oils differ from one another is increasing, from carbon-laden oils that resist flow to ultra-light petroleum liquids trapped in tight shale oil. Developing these unconventional oils requires a clear departure from business-as-usual practices. The Carnegie Oil Initiative provides expert analysis, strategic guidance, and policy frameworks to manage new oil assets while protecting the climate.
Carnegie’s work to understand emerging new oils has been ongoing since our seminal publication, Understanding Unconventional Oil, in 2012. All publications from this project are archived here.
China’s growing use of petcoke, an inexpensive but environmentally unfriendly coal alternative, must be addressed for the country’s efforts to reduce air pollution to be effective.
Cheap oil hurts OPEC member states in the short term. But Saudi Arabia has a long-term view, and the kingdom is trying to expand its share of the global oil market.
The United States and China can work together to help Venezuela navigate the challenges facing its crude oil exports sector.
Venezuela has the world’s largest oil reserves, and the United States and China are the world’s largest oil importers, yet Venezuela’s relations with Beijing and Washington couldn’t be more different.
Oil data transparency and oil-climate oversight deserve a seat at the upcoming climate talks this winter. While worldwide economic dependence on oil presents barriers, the global economic risks of climate change requires strategic navigation.
The global drop in oil prices has analysts mulling over the shrinking profitability of the oil industry. But it is not all doom and gloom.