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.
Oil is changing. Conventional oil resources are dwindling as tight oil, oil sands, heavy oils, and others emerge.
As the range of oils and extraction methods continues to evolve, how do various oils compare with one another on their climate impacts?
Oil is changing. The oils themselves, how they are extracted and processed, and the products into which they are made are shifting in substantial ways.
Lower oil prices will affect China’s relations with countries such as Iran and Russia, while also hindering China’s renewable energy development by encouraging consumption of low-cost fossil fuels.
If the oil and gas sector in Lebanon is successfully established, it can dwarf any other sector in the economy. But to achieve that success, some basic requirements should be met first.
The Keystone XL pipeline is a canary in the mine. It is a warning of what’s to come.