Picking up where last year left off, 2016 has seen sanctions lifted against Iran amid the implosion of Saudi-Iranian diplomatic relations while the first U.S. crude oil exports to Europe arrived amid the continued downward march of oil prices. Still to come is the highly anticipated first shipment of U.S. LNG exports from Cheniere’s Sabine Pass facility against the backdrop of questions about the future of European energy policy in the nascent Energy Union’s promised “Year of Delivery.”
Latest in energy security
This year droughts crippled California and heat waves claimed the lives of hundreds in India and Pakistan. Major flooding caught Texas by surprise and Yemen was hit, not once but twice, by deadly cyclones. Coincidence? The UN says maybe not.
Editor’s Note: Welcome to the first edition of Hot Commodities, our new roundup of news and analysis of energy and security. Please send relevant news, developments, or documents to Ellen Scholl.
Regime on the Rocks?
Editor’s Note: Energy markets are at the core of many national security debates. Whether it’s a discussion about Iran’s nuclear program, the importance of Libya, or China’s role in the world, questions about the security implications of energy are always raised. Llewelyn Hughes of Australian National University and Austin Long of Columbia are skeptical of many of the fears raised in national security debates. They argue that one of the key threats to energy markets is whether an actor can constrict a country’s supply of oil—and here U.S.