Mamdouh salameh economist view
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World Geostrategic Insights interview with Mamdouh G Salameh on the changes the Trump administration intends to make in U.S. energy and climate policy and its implications, both domestically and internationally.
Dr. Mamdouh G Salameh is an International Oil Economist and a Global Energy Expert. He was a Visiting Professor of Energy Economics at the ESCP Europe Business School in London.
Q1 – How would you assess the energy policy and climate regulations of the Biden era? What impact has it had domestically and internationally?
A1 – I would assess them as haphazard and contradictory. On the one hand, the Biden administration was declaring to the world its adherence to the Paris Climate Change Treaty and its climate change goals and on the other, it was encouraging oil and gas production both for exports and also in order to play a bigger role in the global oil and LNG market.
In so doing it neither gained the support of the US oil and gas industry since
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"The Battle for Reserves & Dominance Between IOCs & NOCs: Who Will Prevail?", Opinion Article by Dr. Mamdouh G. Salameh*
Introduction
An oil company can only exist if it has reserves and is able to keep production at targeted levels for a long period of time. If reserves and production dwindle, it is not only the attractiveness of such an independent oil company that comes into question but its whole existence.
The power structure of global oil markets is already undergoing a major transformation exemplified by the rising power of the National Oil Companies (NOCs) and the declining influence and power of International Oil Companies (IOCs). In coming years, this power structure is set for a major shakeup if the reserve lifespan of IOCs continues to decline.
This shift could be evidenced from a comparison of Saudi Aramco’s net income in 2018 with ExxonMobil and Shell. Saudi Aramco’s net income of $111 bn was almost 6 times that of ExxonMobil ($20.8 billion) o
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A week ago, Fatih Birol, the Head of the International Energy Agency (IEA), claimed that the energy squeeze in Europe has nothing to do with renewables. He went on to say EU governments needed to keep their eyes on reducing global warming, even when times are volatile, referring to the sky-high gas prices in Europe.
However, the IEA chief is completely wrong. The EU policies to accelerate energy transition at the expense of fossil fuels and the incessant pressure by environmental activists and divestment campaigners on the European oil and gas companies to divest of their oil and gas assets, have been the major underlying reasons behind Europe’ energy crisis. These two damaging factors have been adversely affecting production of oil and gas as well as investments without affecting the global demand for them, thus creating an oil supply deficit and skyrocketing oil prices.
Another reason is that . Even Spain, a staunch member of the EU, warned the EU Secretariat that its energy