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Energy

The Russian Oil Price Cap Can Work Again

With oil prices rising, Russia is finding ways around the price cap set earlier this year. But Yale SOM’s Jeffrey Sonnenfeld, who advised on its implementation, writes that with rapid adjustments, the program can continue to hobble Vladimir Putin’s war effort.

Oil pumps silhouetted against a sunset
  • The U.S. Has Thwarted Putin’s Energy Blackmail

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that the Biden administration’s balanced approach has helped Europe maintain its natural gas supply while protecting U.S. interests.

    The Enagas regasification plant at Barcelona’s Liquefied Natural Gas (LNG) terminal. 
  • The Good News You Aren’t Hearing about U.S. Energy Policy

    Yale SOM’s Jeffrey Sonnenfeld and Steven Tian write that energy industry analysts are getting it wrong about the Biden administration’s progress on energy independence and supply.

    Oils tanks in Carson, California, in 2020. 
  • Saudi Arabia’s Sabotage of the Economy Will Backfire

    With its surprise cut in oil production, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and Congressman Ro Khanna LAW ’01, Saudi Arabia has chosen to side with the Russian war machine.

    Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, speaks at a press conference on October 5 after an OPEC+ meeting.
  • What’s the Right Price for Russia’s Oil?

    Negotiation expert Prof. Barry Nalebuff argues that setting the price cap either too high or too low could lead to failure and defeat the effort to make Putin pay for his aggression.

    Oil tankers on train tracks in Russia
  • The Myth of Putin as World Energy Czar Is Running Out of Gas

    Media commentary suggests that Russia is using its energy resources to hold the rest of the world hostage. To the contrary, write Yale SOM’s Jeffrey Sonnenfeld and Steven Tian, Russia’s actions have devastated its own economy and undermined its status as an energy exporter.

    A Gazprom employee at the Bovanenkovo gas field on the Yamal peninsula in the Arctic circle in 2019. 
  • California’s Path to a Carbon-Neutral Grid

    Elliot Mainzer ’98, CEO of CAISO, explains how California is working to avoid another summer of blackouts even as the state transitions to a carbon-neutral grid.

    A power substation at the LS Power Group Gateway Energy Storage project in Otay Mesa, California.
  • Why the Texas Power Market Failed

    Texas-based energy economist Ed Hirs ’81 says the February 2021 power crisis exposed longstanding, fatal flaws in the state’s energy market design and oversight.

    Workers repair a power line in Austin, Texas, on February 18, 2021. Photo: Thomas Ryan Allison/Bloomberg via Getty Images.
  • Maintaining Momentum on Climate Change

    Tyler Van Leeuwen ’14 of Shell explains explains how his internal skunkworks team helps move Shell toward its decarbonization goals.

    An illustration of an electric car moving through a landscape of wind turbines
  • Transforming Energy Infrastructure

    We talked to Elliott Mainzer ’98, who recently began a role overseeing California’s electrical grid, about the progress he’s witnessed and the challenges that remain in creating a fully sustainable energy network.

    Power lines carrying electricity from the Bonneville Dam on the Columbia River in Oregon. Photo: Natalie Behring/Getty Images.
  • What’s the Energy Equation?

    What will the world’s use of energy look like in the coming decades, as technological advances revolutionize transportation and push down the price of renewable energy?