The rapid ascent of renewables in recent years has eaten into an ever bigger share of the global energy market.
Even back in 2018, think tanks were projecting oil price declines, increased competition, and stranded assets.
Tag: Oil
Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth | The Herald | February 2020
Last year, following an exhaustive 22-month investigation, Special Counsel Robert Mueller concluded that Russian interference in the 2016 US presidential election had been “sweeping and systematic.” In her new book, Blowout, the American journalist and MSNBC anchor Rachel Maddow argues that oil was the key motivating factor behind Moscow’s 2016 strategy.
According to Maddow, Vladimir Putin wanted someone in the White House who would lift the economic sanctions imposed on Russia by the West following the Kremlin’s illegal annexation of Crimea in 2014. Those sanctions scuppered a deal agreed two years earlier between Putin and the US energy giant ExxonMobil that would’ve opened up Russia’s Arctic territories to new oil and gas exploration projects. Hillary Clinton, a long-time foreign policy hawk and critic of the Putin regime, was never going to reverse Washington’s adversarial stance towards Russia; Donald Trump, a combustive reality TV star with a notorious weak spot for flattery, just might.
