U.S. oil production from shale will reach nearly 7 million barrels a day in May – roughly the same amount as the entire U.S. production of oil five years ago. Nearly half of this shale output will come from the Permian Basin, the stretch of shale in west Texas and southeast New Mexico.
To understand how the shale revolution is impacting the U.S. energy industry and what's in store for the future, host Bill Loveless sits down with Scott Sheffield on a new episode of Columbia Energy Exchange. Scott is the chairman and former CEO of Pioneer Natural Resources, a Texas-based independent and a leader in shale development in the Permian Basin. He is also an advisory board member at the Center on Global Energy Policy.
Scott and Bill discuss the phenomenal growth in the Permian and other shale regions, capital discipline among independent producers, and the challenges they face in terms of insufficient pipeline capacity and rising costs. They also touch on U.S. energy policy, including the Trump administration’s efforts to deregulate aspects of the oil industry and efforts to expand production offshore and on federal lands.
Last week, in a move that took some by surprise, a leading designer and maker of solar products, SunPower, announced plans to buy SolarWorld Americas and its factory in Oregon, and build a domestic manufacturing presence. This move came after the Trump administration's decision earlier this year to impose a 30% tariff on most solar imports into the United States.
To discuss whether the Trump Administration's trade policy is working when it comes to solar manufacturing, and what an acquisition of SolarWorld would mean for the industry, host Bill Loveless speaks with Tom Werner, president and CEO of SunPower, on a new episode of Columbia Energy Exchange.
Tom and Bill discuss whether the tariffs are likely to trigger a revival in U.S.-based production, the outlook for solar power in the U.S. and government policies that support it.
Artificial intelligence, machine learning, and big data analytics are just a few of the digital trends that are poised to disrupt the energy system in the coming decades. These developments have the potential to improve productivity, safety and sustainability, but they also raise important questions about privacy and security.
To understand how digitalization is re-shaping the energy system and what this means for policy, markets, business, consumers, and the environment, host Jason Bordoff sits down with David Turk on a new episode of Columbia Energy Exchange. Dave is Acting Director for the Sustainability, Technology and Outlooks Directorate and the Head of the Energy Environment Division at the International Energy Agency (IEA).
Prior to his time at IEA, Dave served as the Deputy Assistant Secretary for International Climate and Technology at the U.S. Department of Energy where he helped coordinate international climate change and clean energy efforts. He served as Deputy Special Envoy for Climate Change at the U.S. Department of State, and he was Special Assistant to President Barack Obama and the Senior Director for Congressional Affairs at the U.S. National Security Council.
Among many topics Dave and Jason discuss, several include: the impact of digital innovation on the transport sector and decarbonization efforts; the opportunities and challenges of digital technology to energy deployment in the developing world; and the role of privacy, cyber security and economic disruption in the energy sector.
Energy efficiency is one important component in the larger playbook to reduce carbon emissions and ward off the damaging effects of climate change. It is also an essential element of a reliable and affordable energy system.
On a new episode of Columbia Energy Exchange, host Bill Loveless talks with Kateri Callahan, the president of the Alliance to Save Energy, one of the leading advocates of policies that promote energy efficiency in the U.S.
The Alliance, founded by Senators Charles Percy and Hubert Humphrey in 1977 following the oil embargo of that decade, has supported various programs to save energy, including efficiency standards for appliances and motor vehicles, building codes for construction, and government funding for energy-saving technologies.
Bill met with Kateri days before she stepped down as president of the Alliance after heading the organization for 14 years. They talked about the past year in Washington – one that Kateri said was like no other in her tenure at the alliance – and how energy efficient the U.S. has become over the past 40 years.
They also discussed the political climate for energy efficiency now with the Trump administration and Congress; new campaigns by the Alliance to promote energy efficiency in transportation and electric power; and public awareness of the potential for saving energy.
To address the threat of climate change and reduce carbon emissions, many business leaders, economists, and policymakers--including prominent Republicans--have pushed for a carbon tax in the United States.
On a new episode of Columbia Energy Exchange, host Jason Bordoff sits down with Glenn Hubbard, the Dean of Columbia Business School, to understand how a carbon tax might be designed and what effects it would have on the U.S. economy and business. Glenn and Jason also discuss the outlook for the U.S. economy, President Trump's tax reforms and tariffs on solar, steel and aluminum, as well as the role of business to mitigate climate change and how companies will address their exposure to climate risk.
Glenn has been a Columbia faculty member since 1988. In addition to his role as Dean, he currently serves as Russell L. Carson Professor of Finance and Economics. He was previously Chairman of the U.S. Council of Economic Advisers under President George W. Bush where he was instrumental in drafting President Bush’s tax plan. Glenn has also served as Deputy Assistant Secretary at the U.S. Department of the Treasury and he chaired the Economic Policy Committee of the OECD.
The outlook for global oil demand has changed dramatically over the last decade. New technologies and policy have energy experts forecasting that demand for oil will peak. Many tie this outlook to the advent of electric vehicles, but given that cars account for only one-fourth of world oil demand today, others factors will play an important role in peak oil, including the electrification of the transport sector and large vehicles, including trucks and buses.
To understand the outlook for electrification of the U.S. transport sector, host Jason Bordoff speaks with Ryan Popple, President and CEO of Proterra, a U.S. company that designs and manufactures fleets of electric powered buses, on a new episode of Columbia Energy Exchange.
Prior to joining Proterra, Ryan was a partner at Kleiner Perkins and one of the first 200 employees at Tesla Motors, where he was senior director of finance. He serves on the board of the Silicon Valley Leadership Group and he previously served in the U.S. Army.
Among the topics that Ryan and Jason discuss are: The economics of electrifying bus fleets and impacts of volatile oil prices; The outlook for battery technology; Electric bus performance today and in the future; The link between energy policy and electrification of the transport sector; and the outlook for electric vehicles outside the United States.
Discussions about U.S. energy policy typically focus on Washington, where the White House, Congress and agencies like the Federal Energy Regulatory Commission dominate the headlines. This makes it easy to overlook the roles played by state regulators, whose vital decisions affect the flow of energy locally and how much consumers pay for electricity and natural gas.
With that in mind, host Bill Loveless sat down with John “Jack” Betkoski III, the new president of the National Association of Regulatory Utility Commissioners (NARUC), to talk about challenges facing state regulators at a time when innovative technology, a changing climate and shifting public attitudes are disrupting traditional energy markets.
As Jack notes in the podcast, “We’re the ones in the trenches. We’re the ones who deal with utilities on a regular basis.”
Jack, the vice chairman of the Connecticut Public Utilities Regulatory Authority, and Bill met outside NARUC’s 2018 Winter Policy Summit in Washington, D.C., where more than 1,000 state regulators and others gathered.
Among the topics that Bill and Jack discussed are: The energy-water nexus—the primary theme of Jack’s NARUC presidency; Recent actions by FERC on electricity resilience and reliability; Public opposition to new gas pipeline construction; Concerns over the volatility of recent storms; The outlook for renewable energy, nuclear energy.
Host Jason Bordoff speaks with Patrick Pouyanné, the Chairman and CEO of Total, the fourth largest international oil and gas company, on new developments in the global energy landscape.
Among many topics Jason and Patrick discuss, several include: U.S. energy policy actions, including the Trump Administration’s proposal to open up most federal waters to offshore drilling, U.S. tariffs on solar imports, and President Trump’s threat to reimpose oil sanctions against Iran; the outlook for oil markets amid geopolitical tensions in the Mid-East; and the role of oil and gas majors in a clean energy transition.
Host Bill Loveless speaks with Republican Congressman Carlos Curbelo, the U.S. Representative for Florida's 26th congressional district and a co-founder of the House Climate Solutions Caucus, a bipartisan group with the mission to explore policy options that address the impacts, causes, and challenges of the changing climate.
Bill and Congressman Curbelo discuss: what makes climate change an urgent issue to address; the grassroots effort to enlist; Republicans as well as Democrats in climate actions; the role of market-based innovation to address climate change; and prospects for future debate about a nation-wide carbon tax.
Host Jason Bordoff sits down with FERC Commissioner, Neil Chatterjee, to discuss these developments and what's in store for U.S. electricity markets.
Among many topics Jason and Commissioner Chatterjee discuss, several include: FERC's decision to reject the Department of Energy's NOPR ensuring full cost recovery for power plants with a 90-day supply of fuel on hand; the future of US grid reliability and resilience; state and local government's role in energy policy; top issues facing FERC today including cyber security, battery storage and baseload power.
Host Jason Bordoff sits down with Dr. Paul Joskow to discuss the history and outlook for power markets in the United States. Joskow, a leading scholar in energy and environmental economics, utility markets and regulation, recently stepped down as President of the Alfred P. Sloan Foundation and is back at the Massachusetts Institute of Technology where he has served as a member of the faculty since 1972.
Among many topics Jason and Paul discuss, several include: the history and outlook for competitive power markets; whether or not renewable energy can accomplish deep decarbonization goals; the connection between resilience, reliability and the rise of natural gas and renewable energy sources; and the role of philanthropic organizations in research and advocacy on climate change.
Host Bill Loveless sits down with Senator Murkowski, one of the leading voices in the debate to expanded U.S. drilling, to discuss new developments in the sector as well as other energy and environment policy under the Trump administration.
Bill and Senator Murkowski discuss: Congressional approval to offer oil and gas drilling in the Arctic National Wildlife Refuge; the role of regulation in energy development; the Trump Administration’s stance on to climate change; prospects for new energy policy legislation; and how to promote cooperation on energy issues in an increasingly fractured government.
Host Bill Loveless sits down with Lisa Friedman of The New York Times and Steve Mufson of The Washington Post to discuss the impact of President Trump's first year in office on energy and environment policy in the United States, and what may lie in store this year.
Among many topics Bill, Lisa and Steve discuss, several include: how effective the administration has been in implementing its energy and environment agenda; prospects for U.S. carbon regulation and the Paris climate agreement; how change has occurred at the Environmental Protection Agency and the departments of Energy and Interior; what new policies may mean for the oil, natural gas, coal, renewable energy and other energy sectors; actions by the newly constituted Federal Energy Regulatory Commission; and what it takes to effectively cover complex issues like energy and the environment.
President Trump has taken new steps to fulfill his campaign promise to either end the Iran nuclear agreement or get a better deal. After much speculation over whether he would extend the deal at all, the President issued an ultimatum to Congress and European allies indicating that if they don't overhaul the deal in the next 120 days, the United States will have no choice but to pull out of it.
To discuss what these developments, alongside growing protests in Iran over the state of the nation's economic affairs, mean for energy markets and international affairs, host Jason Bordoff sits down with two colleagues at Columbia University's School of International and Public Affairs (SIPA), Gary Sick and Richard Nephew.
Gary is a senior research scholar at Columbia’s Middle East Institute and an adjunct professor at SIPA. He served on the National Security Council under Presidents Ford, Carter, and Reagan and he was the principal White House aide for Iran during the Iranian Revolution and the hostage crisis. Richard, a senior research scholar at CGEP and adjunct professor at SIPA, served as Principal Deputy Coordinator for Sanctions Policy at the Department of State. He was the lead sanctions expert for the U.S. team negotiating with Iran and also Director for Iran on the National Security Staff where he was responsible for managing a period of intense expansion of U.S. sanctions on Iran.
Jason, Gary, and Richard discuss issues including: What happens next in EU countries and U.S. Congress in response to President Trump's ultimatum; Growing protests in Iran and the future of the Iranian regime; Whether or not there are links between economic sanctions against Iran and growing protests in the country; Implications for energy markets should the Iran Deal fall through.
The U.S. shale revolution is one of the most disruptive developments in oil and gas markets since the formation of OPEC in the 1960s. However, the process to recover oil and gas reserves from shale formations, hydraulic fracturing--better known as fracking--is a source of contentious debate in the United States. Proponents of fracking point to the transformation of the American energy industry and rebalancing of oil and gas trade flows, greater U.S. energy independence, and new revenues to the economy. On the other side, anti-frackers call into question fracking's impact on the environment and public health.
To get a better understanding of these different views and to explore some of the latest research on these issues, host Jason Bordoff speaks with Daniel Raimi on Columbia Energy Exchange. Daniel is a senior research associate at Resources for the Future and a lecturer at the Ford School for Public Policy at the University of Michigan. He is also the author of CGEP's latest Columbia University Press book, The Fracking Debate: The Risks, Benefits and Uncertainties of the Shale Revolution.
Among many topics Jason and Daniel discuss, several include: Environmental impacts of fracking on ground water and air pollution; Differences in state regulation of fracking; The link between fracking and seismic activity; The economic impacts of fracking; and the outlook for fracking around the world.
The year 2018 promises to be an important one for electric power markets in the United States, including for energy policies that govern the way electricity is generated, delivered and used. Among the important developments will be the Federal Energy Regulatory Commission’s response to a controversial cost-recovery proposal by the Trump administration for coal and nuclear plants and the Environmental Protection Agency’s efforts to replace the Obama administration’s Clean Power Plan.
All this comes as electric power markets in the United States continue to undergo disruption, with natural gas and renewable energy gaining ground on coal and nuclear power, and innovations such as microgrids, energy storage and analytics promising even bigger changes in the electricity business.
On a this episode of Columbia Energy Exchange, host Bill Loveless discusses the changes sweeping the industry, as well as the significance of public policy, with Mauricio Gutierrez, President and CEO of NRG Energy, one of the largest competitive power generators in the U.S. and a major energy retailer, serving nearly three-million customers throughout the country.
Mauricio joined NRG in 2004. He has served as Chief Operating Officer, led NRG's engineering and construction activities related to new generation and repowering projects, and he has overseen commodities trading as Executive Vice President, Commercial Operations and Senior Vice President, Commodities Trading. Prior to NRG, he was Managing Director of the Southeast and Texas regions for Dynegy and a senior consultant and project manager at Mexico City-based DTP Consultores.
Among many topics Bill and Mauricio discuss, several include: The future of competitive power markets in the U.S.; Reliability and resilience of the grid; Impacts of President Trump's efforts to save coal and nuclear power; Efforts by the power sector to reduce carbon emissions.
Bill Loveless talks with Richard Nephew, a Senior Research Scholar at CGEP and the lead sanctions expert for the U.S. team negotiating the Iran nuclear deal, on a new episode of Columbia Energy Exchange. Richard is the author of a new book from Columbia University Press, The Art of Sanctions: A View From the Field, which outlines key concepts and guidelines for developing sanctions and interpreting targets’ responses to them.
Among many topics Bill and Richard discuss, several include: insights from Richard's new book and how to effectively design and employ sanctions; the future of the Iran Nuclear Deal; whether U.S. sanctions on North Korea are working; how energy interests factor in to U.S. sanctions policy; and the outlook for future sanctions on Russia.
Host Jason Bordoff sits down with Chairman Fu Chengyu to discuss the future of energy in China and its impact on the world. Chairman Fu is the former Chairman of China Petroleum and Chemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC), and he is a board member at CGEP.
Among many topics they discuss, several include: China's One Belt One Road initiative and its strategy for energy development; renewable energy growth in China and the outlook for coal; the state of China-Russia cooperation in the energy sector; and China's relationship with the Trump Administration.
Host Bill Loveless talks with Antha Williams, the head of the Environment Program at Bloomberg Philanthropies, about: how U.S. cities can best fight climate change; the impacts of President Trump's environmental agenda; and business' approach to climate change.
Host Jason Bordoff speaks with HE Abdullah bin Hamad Al Attiyah, the former deputy prime minister and minister of energy and industry in Qatar about: the rise of Qatar as an important global natural gas player; the future of a globally integrated gas market; reasons for and implications of Qatar's decision to lift its moratorium on gas production; and recent regional tensions and the impact on the current embargo on Qatar.
Host Bill Loveless sits down with Fellow Varun Sivaram to discuss: ITC complaints brought by Suniva and SolarWorld; objections to the trade action by industries and solar-energy installers; tariffs and other remedies offered by International Trade Commission members; how President Trump might respond to ITC options; and the need for new technology to advance solar energy.
Host Bill Loveless speaks with Spencer Abraham, former U.S. Secretary of Energy under President George W. Bush, about changes in the energy sector over the last 10 years and their implications for the outlook of energy policy under President Trump. Among many topics they discuss, several include: how public policy has kept up with disruption in the energy sector; energy policy and energy "dominance" under the new administration; challenges facing Secretary of Energy Rick Perry; the future of nuclear energy in the United States; and President Trump's approach to climate change.
Host Bill Loveless speaks with Senator Maria Cantwell about: the new GAO report and the need to prepare for growing future financial outlays as a result of extreme weather; the prospect for more cooperation between Democrats and Republicans on issues related to disasters and the federal budgets; and the outlook for Congressional action on other energy policy issues including opening up the Arctic National Wildlife Refuge to drilling.