萝莉视频

DUBAI: One of the world鈥檚 leading energy experts believes that oil producing countries like 萝莉视频 could enjoy a 鈥渧eritable feast鈥� of oil revenues for many decades before changing patterns of energy use reduce global demand for crude.

Jason Bordoff, director of the Centre on Global Energy Policy at Columbia University and a former White House energy policy adviser, said: 鈥渋t is the lowest-cost producers 鈥� such as Kuwait, 萝莉视频, and the United Arab Emirates 鈥� that will be able to keep selling their oil the longest.

鈥淲hat鈥檚 more, stronger climate policies should focus not just on the greenhouse gases emitted by burning a fuel, but the carbon intensity of the entire production cycle. Most Gulf Arab states are very efficient producers,鈥� he added.

Writing in Foreign Policy magazine, Bordoff predicted that low cost producers like the Kingdom could consolidate their dominance of global energy markets. 鈥淲ith easy-to-extract barrels, less methane leakage, and lower flaring rates, they have some of the life cycle emissions associated with their oil. Therefore, even as oil demand declines, OPEC鈥檚 share of global production could rise as a result of its members鈥� lower costs and emissions, strengthening the cartel鈥檚 grip on a market that will remain sizable for some time,鈥� he said.

His view, which comes as some independent oil companies are drawing back from crude production because of climate concerns, is a retort to some critics of Middle East energy policymakers who have predicted economic and financial problems for regional oil exporters as global demand for oil declines because of the COVID-19 pandemic.

鈥淭he narrative of collapse and chaos in a post-oil world has taken over the pundits鈥� imaginations. More likely, however, is that during the many decades needed to achieve the climate goals of the Paris Agreement, petrostates could enjoy a veritable feast before the famine,鈥� Bordoff said.

He also suggested that oil-exporting countries could use their energy revenue wealth to spark the move to cleaner energy technologies.

鈥溌芾蚴悠�, for example, has abundant, low-cost solar power, just a $5 billion project to turn renewable energy into hydrogen, and has also sent Japan the world鈥檚 first blue ammonia shipment,鈥� he said.

The KIngdom has launched the strategy of the Circular Carbon Economy as a way of mitigating harmful greenhouse gasses by eliminating emissions of carbon dioxide in the atmosphere. 

Bordoff鈥檚 contribution comes amid the growing debate about climate change and its global implications. 鈥淣ational security leaders must anticipate and prepare for the new geopolitics of clean energy鈥攏ot only to mitigate new risks, but because a robust climate agenda will not succeed unless they do,鈥� he said.