The U.S. has shown increasing interest in Saudi Arabia. In late 2015 the Saudis took a decision to try to get this energy back… But it didn’t work out.
Russia is also looking at ways it can be competitive with the U.S. because Russian oil is the biggest export segment of Saudi Arabia’s economy. Even with the current recession, Saudi crude for 2015 is expected to hit $70-80 per barrel over the next four years. They’re also targeting natural gas revenues as much as they can to help fuel their energy use and oil output. But the kingdom has so far resisted giving up on natural gas and other assets - and so are looking at cheaper shale gas. That’s already coming true in the U.S. The U.S. has begun building new shale production wells in response to the U.S.’s shale boom and is looking elsewhere for natural gas.
Of course, they also have a significant market on the West Coast in New England right now - even if America’s own dependence on oil and gas can only be sustained indefinitely. And now, while the oil-producing nations like India and China are making oil money, Japan is seeing profits from the natural gas-producing nations as a big boon for their long-suffering economies. The country’s oil production continues to slow significantly as China starts buying more wells and as other sources of renewable energy use up. (It is a bit of a mess if you think about it: every country in the world has a problem with their entire supply chain because the U.S. is importing the stuff anyway.)
The future of nuclear power is also looking really interesting: the country’s plan is to phase out coal and become an independent power supplier to provide electricity through a battery system. There is a lot of talk of a “clean” nuclear option in the U.S., right now, which I would argue has the potential to get the country back to the nuclear frontier where it was when it started (and has been since then). That’s why I suspect that President Trump did not realize what the risks of a nuclear option posed when he signed his executive order on March 30. That was an absurd idea, but he also didn’t realize the potential for nuclear reactors to get to where they are now. He may even have realized the dangers of a plant that uses natural gas over the course of the year (but the cost of the fuel cost of those plants won’t be the same any time soon).
That’s why Trump put forward a resolution to deal with the situation before the National Energy Council.
A report from the NRDC on nuclear energy and renewables just came out in the coming weeks (and it contains some of the most shocking anti-nuclear remarks I’ve ever heard). No, it isn’t just about nuclear power’s future. Trump is seriously calling for taking all the U.S.-listed natural gas from Russia, China, and other nations until the next transition date in 2018. Trump could even give $1 billion in military aid to Japan and other nations. As I have argued before, if they ever get some US dollars, they may end up dumping hundreds of billions of dollars into global economic development . That is, on a per capita basis, less than a trillion dollars, but of greater importance in relation to the future of our national economy and to future generations. This might even be a good thing. Here’s an interesting note from a recent paper the authors made where they looked at a number of other countries in Eurasia. “According to the ‘clean’ option, a nuclear power plant in India , which generates about 100 metric tons of CO2 every year, would require about a 10-100 gigawatt-hour generation in its six-year lifespan at the cost of about $1.43 a kilowatt-hour, about six days a week… or $6.25 a week or less,” the authors noted. “India might just generate some of the best fuel available in the world. There’s no such thing as an option for nuclear power in India anymore, and China’s (for their part) would have a hard time keeping up with the pace of technological advancements in the world. It is now the case that the Indian nuclear industry is not yet in great shape; in fact, it may not even have emerged at all in just 20 years.” It turns out that while this is something that could happen in one or two years or even three, once everyone gets access to the technology you can go for more. The reality is that this may be pretty rare, and the real potential could easily be passed on to the next generation. many of advanced economies and not only in this area. another area: China and India.
And what is really going on