Switched On20 Joulu 2023

OPEC and Peak Oil: Future of Energy in the Middle East

The final agreement signed at the COP28 climate summit marked a significant step forward, addressing for the first time the need to transition away from fossil fuels. Among its signatories were oil-and gas-rich nations in the Middle East, many of whom currently center their economies around the export of fossil fuels. But what are these countries’ clean energy plans, and do they have alternative business models to offset the potential losses from a greener future?

On today’s show, Dana sits down with Philip Geurts, an analyst from BloombergNEF’s oil team, to talk about the Middle East. Together, they discuss OPEC+ and the significant output cuts from some of its members, the debate over when and if peak oil demand will be reached, and whether hydrogen offers the region a realistic path away from fossil-fuel production.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

Fossil Fuels Are Raking in Investments in Emerging Markets - https://www.bnef.com/shorts/s53df5dwx2ps00?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbIjJkNjM3YWE4NDExYjNiMjUiLCIyZDYzN2FhODQxMWI0YjA5Il0sImF1dGhvciI6W119

Hydrogen Hard-Pressed to Become Pillar of Big Oil’s Future - https://www.bnef.com/insights/32349/view

$290 Billion Oil Cash Edge Allows Late Mideast Transition - https://www.bnef.com/insights/32111

See omnystudio.com/listener for privacy information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(310)

EU Electrification Push Lacks Pull: Analyst Reaction

Europe’s electrification ambitions are running ahead of its policies. The EU wants electricity to account for 46% of final energy consumption by 2040, but BNEF’s modeling suggests even a maximum-effor...

17 Elo 18min

Offshore Wind Is Outgrowing the Boats That Build It

Offshore wind turbines are getting too big for the ships that install them. BloombergNEF estimates more than 30 gigawatts of offshore wind installations could struggle to find suitable vessels through...

13 Elo 26min

Rhine Drought Drives Fuel Costs Up: Analyst Reaction

Europe’s energy supply chains are running out of water. Weeks of heat and drought have pushed Rhine water levels to exceptional lows, restricting barge traffic and sending gasoil freight rates to reco...

10 Elo 14min

Battery Tax Credits Are Rewriting US Solar Economics

US solar developers are building projects around batteries, not panels. Federal tax credits for energy storage are reshaping the economics of new solar projects, encouraging developers to install larg...

5 Elo 28min

China Builds Nuclear Power While the West Reinvents It

Nuclear power is gaining momentum around the globe, but the industry’s path has diverged. China and India are rapidly expanding conventional reactor fleets, while the US and Europe are betting on smal...

29 Heinä 39min

Gas Is Letting Data Centers Grow Beyond the Grid

Artificial intelligence is heating up the race to build data centers, and with BloombergNEF projecting 194 gigawatts of demand by 2035, the biggest challenge isn't computing power…. It's electricity. ...

23 Heinä 28min

AI’s Edge in Hurricane Forecasting: Analyst Reaction

Artificial intelligence is beginning to transform weather forecasting. New AI models are proving remarkably accurate at predicting hurricane tracks, in some cases matching or outperforming traditional...

20 Heinä 15min

Mexico's Energy Future Sits Between Two Superpowers

Mexico is entering a pivotal period for its energy system. A new wave of reforms is opening the door to greater private investment in clean power, storage and grid infrastructure after years of subdue...

16 Heinä 37min