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.
The Volkswagen affair brings to light broader policy failures on both side of the Atlantic. Rectifying it will require actions beyond just the automotive sector.
The White House convened a summit of policymakers and U.S. businesses committing to reduce their greenhouse-gas emissions and supporting climate action at the Paris climate negotiations in December.
Recent oil market shifts spell bad news for a number of countries with economies based on oil.
Renewable energies are displacing natural gas and coal, but they are not yet displacing oil at scale. Whereas wind and solar power the electric grid, oil powers transport. Until the day that alternative fuels dominate not only the roads, but also the skies and seas of the world, we will not be able to wean off oil completely.
The political and economic dysfunction known as the “oil curse” is a complex, structural phenomenon, caused largely by poor management or investment of oil revenues by the governments of oil-producing countries.
Three pillars underpin the machinations in tomorrow’s global oil markets: economics, geopolitics, and the environment.
Beijing should approach its energy-centered partnership with Moscow in Central Asia with a degree of caution.
If Obama and Xi can enhance coordination of U.S. and Chinese economic and energy policies, it could help bolster market confidence and improve the prospects of the Paris Climate Change Conference.
The Oil-Climate Index is a critical tool for the alternative fuel sector.
Producers and consumers alike are becoming more attuned to the impact of goods of all sorts, and it's no different when it comes to a barrel of oil.