Russian President Vladimir Putin (left) with Gazprom CEO Alexey Miller at a launch ceremony for the Nord Stream gas pipeline, Sept. 6, 2011, in Vyborg, Russia.
Sasha Mordovets/Getty Images
Has Putin hurt Russia by jolting Europe’s shift away from fossil fuels into high gear?
There are few ways for the West to deter the rise of another dictator like Russian President Vladimir Putin.
Mikhail Klimentyev/Sputnik/AFP via Getty Images
Petrol prices have spiked, forcing governments to step in to reduce costs. But will the rising prices actually force drivers out of their cars, reducing consumption and carbon emissions?
A woman sells drinks on a street in Georgetown in Guyana, one of South America’s poorest countries, March 1, 2020.
Luis Acosta/AFP via Getty Images
Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?
Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Some motorists are willing to pay more for the price of gas. Others are considering trading in gas-guzzling cars for more efficient vehicles. The price of gas at a Petro Canada gasoline station in Ajax, Ont., on March 7, 2022.
THE CANADIAN PRESS/Doug Ives
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
A woman holds a blood-stained portrait of Russian President Vladimir Putin at a protest at the Russian Consulate in Montreal on Feb. 25, 2022.
Andrej Ivanov /AFP via Getty Images
Russian President Vladimir Putin has used his country’s massive energy reserves effectively for political influence. But with war in Ukraine, nations are looking for ways to cut those ties.
Oil tanks get filled on Russia’s Mendeleev Prospect oil tanker in Primorsk on the Baltic Sea.
Alexander Ryumin\TASS via Getty Images
Russia is one of the world’s top three oil producers and a major oil exporter. How will it, and global oil markets, respond if its wealthiest customers turn off the tap?
Lorries queue to cross from Ukraine to Poland.
Wojtek Jargilo/EPA
The Biden administration hopes the threat of harsh sanctions from a united West will deter Putin from invading Ukraine. But Russia has a long history of using energy to divide the US and Europe.
Response teams often make assumptions about the way oil behaves in the ocean, but this means oil plumes can go undetected and get missed in the clean-up.
(Shutterstock)
Photos from the early 1900s show LA’s forests of oil derricks. Hundreds of wells are still pumping, and research shows how people living nearby are struggling with breathing problems.
Chinese demand for LNG is one of the factors keeping gas prices so high.
ImagineChina Limited