Following months of speculation, Saudi Arabia, Russia, Qatar, and Venezuela last week announced their intention to freeze oil production at existing (high) levels in an attempt to stabilize the oil market.
Latest in Energy Union
No Plan B
Over the weekend, 195 nations agreed to limit greenhouse gas emissions to whatever extent is necessary to limit global warming to less than two degrees Celsius. This is good news because, as UN Secretary General Ban Ki-moon stated, there is “no Plan B.”
Tidal Waves and Tanker Trucks
The Islamic State’s money comes in significant part from energy. So if the world is going to take on ISIS in a serious way, it’s going to have to take on its energy resources.
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?