Center on Global Energy Policy Series – serie

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations.Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how-even from the oil industry's first years-wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions-first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC-succeeded to varying degrees in taming the beast.McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations-including mistakes to avoid-as we confront the unwelcome return of boom and bust oil prices.

After the discovery of oil in the 1930s, the Gulf monarchies—Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain—went from being among the world’s poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf’s rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world’s last absolute monarchies?In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the lifeblood of their political-economic systems—and the basis of their strategic importance—but domestic consumption has begun eating into exports while climate change threatens to render their desert region uninhabitable. At risk are the sheikhdoms’ way of life, their relations with their Western protectors, and their political stability in a chaotic region. Backed by rich fieldwork and deep knowledge of the region, Krane expertly lays out the hard choices that Gulf leaders face to keep their states viable.

After the discovery of oil in the 1930s, the Gulf monarchies—Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman, and Bahrain—went from being among the world’s poorest and most isolated places to some of its most ostentatiously wealthy. To maintain support, the ruling sheikhs provide their subjects with boundless cheap energy, unwittingly leading to some of the highest consumption rates on earth. Today, as summertime temperatures set new records, the Gulf’s rulers find themselves caught in a dilemma: can they curb their profligacy without jeopardizing the survival of some of the world’s last absolute monarchies?In Energy Kingdoms, Jim Krane takes readers inside these monarchies to consider their conundrum. He traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. Oil exports are the lifeblood of their political-economic systems—and the basis of their strategic importance—but domestic consumption has begun eating into exports while climate change threatens to render their desert region uninhabitable. At risk are the sheikhdoms’ way of life, their relations with their Western protectors, and their political stability in a chaotic region. Backed by rich fieldwork and deep knowledge of the region, Krane expertly lays out the hard choices that Gulf leaders face to keep their states viable.

Economic sanctions are intended to be a nonmilitary means used by states to force their prerogatives on other states, entities, and individuals. Yet while sanctions have been increasingly used as a foreign policy tool, they are ineffective if executed without a clear strategy that is responsive to the nature and changing behavior of the target. In The Art of Sanctions, Richard Nephew offers a much-needed practical framework that focuses not just on the design of sanctions but, crucially, on how to decide when sanctions have achieved maximum effectiveness and how to improve them along the way. Nephew-a lead participant in the design and implementation of sanctions on Iran-develops guidelines for interpreting targets' responses to sanctions based on two critical factors: pain and resolve. The efficacy of sanctions lies in the application of pain against a target, but targets may have significant resolve to resist, tolerate, or overcome this pain. Understanding the interplay of pain and resolve is central to using sanctions successfully and humanely.With attention to these two key variables, and to how they change over the course of the sanctions regime, policy makers can pinpoint when diplomatic intervention is likely to succeed or when escalation is necessary. Focusing on lessons from sanctions on both Iran and Iraq, Nephew provides policy makers with practical guidance on how to calibrate pain and measure resolve in the service of strong and successful sanctions regimes.

Nations and international organizations are increasingly using sanctions as a means to achieve their foreign policy aims. However, sanctions are ineffective if they are executed without a clear strategy responsive to the nature and changing behavior of the target. In The Art of Sanctions, Richard Nephew offers a much-needed practical framework for planning and applying sanctions that focuses not just on the initial sanctions strategy but also, crucially, on how to calibrate along the way and how to decide when sanctions have achieved maximum effectiveness.Nephew—a leader in the design and implementation of sanctions on Iran—develops guidelines for interpreting targets’ responses to sanctions based on two critical factors: pain and resolve. The efficacy of sanctions lies in the application of pain against a target, but targets may have significant resolve to resist, tolerate, or overcome this pain. Understanding the interplay of pain and resolve is central to using sanctions both successfully and humanely. With attention to these two key variables, and to how they change over the course of a sanctions regime, policy makers can pinpoint when diplomatic intervention is likely to succeed or when escalation is necessary. Focusing on lessons learned from sanctions on both Iran and Iraq, Nephew provides policymakers with practical guidance on how to measure and respond to pain and resolve in the service of strong and successful sanctions regimes.

Over roughly the past decade, oil and gas production in the United States has surged dramatically-thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as "fracking." This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution. The Fracking Debate directly addresses the most common questions and concerns associated with fracking, including: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse.The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.

Over roughly the past decade, oil and gas production in the United States has surged dramatically—thanks largely to technological advances such as high-volume hydraulic fracturing, more commonly known as “fracking.” This rapid increase has generated widespread debate, with proponents touting economic and energy-security benefits and opponents highlighting the environmental and social risks of increased oil and gas production. Despite the heated debate, neither side has a monopoly on the facts. In this book, Daniel Raimi gives a balanced and accessible view of oil and gas development, clearly and thoroughly explaining the key issues surrounding the shale revolution.The Fracking Debate directly addresses the most common questions and concerns associated with fracking: What is fracking? Does fracking pollute the water supply? Will fracking make the United States energy independent? Does fracking cause earthquakes? How is fracking regulated? Is fracking good for the economy? Coupling a deep understanding of the scholarly research with lessons from his travels to every major U.S. oil- and gas-producing region, Raimi highlights stories of the people and communities affected by the shale revolution, for better and for worse. The Fracking Debate provides the evidence and context that have so frequently been missing from the national discussion of the future of oil and gas production, offering readers the tools to make sense of this critical issue.

Oil is an unusual commodity in that individual decisions can have an outsized effect on the market. OPEC+’s choice to increase production, for instance, might send prices falling, affecting both oil producers and consumers worldwide. What do the leading oil market players consider before making a fateful move?Oil Leaders offers an unprecedented glimpse into the strategic thinking of top figures in the energy world from the 1980s through the recent past. Ibrahim AlMuhanna—a close adviser to four different Saudi oil ministers during that period—examines the role of individual and collective decision making in shaping market movements. He analyzes how powerful individuals made critical choices, tracking how they responded to the flow of information on pivotal market and political events and predicted reactions from allies and adversaries. AlMuhanna highlights how the media has played an increasingly important role as a conduit of information among multiple players in the oil market. Energy leaders have learned to manage the signals they send to the market and to other relevant players in order to avoid sending oil prices into a spiral.AlMuhanna draws on personal familiarity with many of these individual decision makers as well as his participation in decades of closed-door sessions where crucial choices were made. Featuring revelatory behind-the-scenes perspective on pivotal oil market events and dynamics, this book is a must-read for practitioners and policy makers engaged with the global energy world.

India is driving some of the most important trends in global energy markets—with vast environmental implications. As the country grows wealthier, Indians are buying more cars, air conditioners, plane tickets, and other goods that increase demand for fossil fuels. At the same time, the country still faces widespread poverty, and it struggles to address persistent environmental and energy-sector problems, from frequent power outages to a significant number of deaths linked to air pollution.Johannes Urpelainen provides an expert guide to India’s energy and environmental issues that incorporates both domestic and global perspectives. He details how unequal economic development and rapid population growth have brought the country to its current state: a potential engine of the world economy hampered by environmental hazards and energy poverty. Urpelainen argues that institutional shortcomings have led wealthier Indians to find private solutions that protect them from threats such as air pollution and heat waves, but exclude the poor. The retreat of the rich limits the state’s ability to regulate the energy sector or address environmental degradation. Urpelainen examines India’s most severe environmental crises, considering how climate disruptions are affecting the country’s present and future. He analyzes India’s role in global environmental politics and assesses the prospects of achieving a more sustainable society. Useful and accessible, this book also offers pragmatic solutions to help overcome the constraints on effective energy and environmental policy.

India is driving some of the most important trends in global energy markets—with vast environmental implications. As the country grows wealthier, Indians are buying more cars, air conditioners, plane tickets, and other goods that increase demand for fossil fuels. At the same time, the country still faces widespread poverty, and it struggles to address persistent environmental and energy-sector problems, from frequent power outages to a significant number of deaths linked to air pollution.Johannes Urpelainen provides an expert guide to India’s energy and environmental issues that incorporates both domestic and global perspectives. He details how unequal economic development and rapid population growth have brought the country to its current state: a potential engine of the world economy hampered by environmental hazards and energy poverty. Urpelainen argues that institutional shortcomings have led wealthier Indians to find private solutions that protect them from threats such as air pollution and heat waves, but exclude the poor. The retreat of the rich limits the state’s ability to regulate the energy sector or address environmental degradation. Urpelainen examines India’s most severe environmental crises, considering how climate disruptions are affecting the country’s present and future. He analyzes India’s role in global environmental politics and assesses the prospects of achieving a more sustainable society. Useful and accessible, this book also offers pragmatic solutions to help overcome the constraints on effective energy and environmental policy.

Disruptive digital technologies are poised to reshape world energy markets. A new wave of industrial innovation, driven by the convergence of automation, artificial intelligence, and big data analytics, is remaking energy and transportation systems in ways that could someday end the age of oil. What are the consequences—not only for the environment and for daily life but also for geopolitics and the international order?Amy Myers Jaffe provides an expert look at the promises and challenges of the future of energy, highlighting what the United States needs to do to maintain its global influence in a post-oil era. She surveys new advances coming to market in on-demand travel services, automation, logistics, energy storage, artificial intelligence, and 3-D printing and explores how this rapid pace of innovation is altering international security dynamics in fundamental ways. As the United States vacillates politically about its energy trajectory, China is proactively striving to become the global frontrunner in a full-scale global energy transformation. In order to maintain its leadership role, Jaffe argues, the United States must embrace the digital revolution and foster American achievement. Bringing together analyses of technological innovation, energy policy, and geopolitics, Energy’s Digital Future gives indispensable insight into the path the United States will need to pursue to ensure its lasting economic competitiveness and national security in a new energy age.

Sanctions have become the go-to foreign policy tool for the United States. Coercive economic measures such as trade tariffs, financial penalties, and export controls affect large numbers of companies and states across the globe. Some of these penalties target nonstate actors, such as Colombian drug cartels and Islamist terror groups; others apply to entire countries, including North Korea, Iran, and Russia. U.S. policy makers see sanctions as a low-cost tactic, but in reality these measures often fail to achieve their intended goals—and their potent side effects can even harm American interests.Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon. The proliferation of sanctions spurs efforts to evade them, as states and firms seek ways to circumvent U.S. penalties. This is only part of the story. Sanctions also reshape relations between countries, pushing governments that are at odds with the U.S. closer to each other—or, increasingly, to Russia and China.Full of counterintuitive insights spanning a wide range of topics, from Russia’s invasion of Ukraine to Iran’s COVID response and China’s cryptocurrency ambitions, Backfire reveals how sanctions are transforming geopolitics and the global economy—as well as diminishing U.S. influence. This insider’s account is an eye-opening, accessible, and timely book that sheds light on the future of sanctions in an increasingly multipolar world.

The remarkable success of twentieth-century Hong Kong was driven by electricity. The British colony’s stunning export-driven economic growth, its status as a Cold War capitalist dynamo, its energetic civil society, its alluring urban modernity—all of these are stories of electricity’s transformative power.Let There Be Light is a groundbreaking history of electrification in Hong Kong. Mark L. Clifford traces how a power company and its visionary founder jumpstarted Hong Kong’s postwar economic rise and set in motion far-reaching political and social change against the backdrop of Hong Kong’s shifting relations with the People’s Republic of China and the United Kingdom. Clifford examines avowedly laissez-faire Hong Kong’s attempt to nationalize electricity companies and the longer-term implications of debates over the power supply for citizen activism and the development of civil society, government involvement in tackling housing and other social issues, and state controls on private businesses.Clifford explores the effects of electrification on both grand politics and daily life. In the geopolitical struggle of the Cold War, Hong Kong became an explicitly anti-Communist showcase of production and consumption. Its bright lights and neon signs stood in contrast to the darkness and drabness of neighboring China. Electricity transformed people’s everyday lives, allowing children to study at night, streets to be lit, and shops in a self-consciously commercial mecca to stay open late.Offering new perspectives on twentieth-century Hong Kong, Let There Be Light reveals electricity as a catalyst of modernization.

The remarkable success of twentieth-century Hong Kong was driven by electricity. The British colony’s stunning export-driven economic growth, its status as a Cold War capitalist dynamo, its energetic civil society, its alluring urban modernity—all of these are stories of electricity’s transformative power.Let There Be Light is a groundbreaking history of electrification in Hong Kong. Mark L. Clifford traces how a power company and its visionary founder jumpstarted Hong Kong’s postwar economic rise and set in motion far-reaching political and social change against the backdrop of Hong Kong’s shifting relations with the People’s Republic of China and the United Kingdom. Clifford examines avowedly laissez-faire Hong Kong’s attempt to nationalize electricity companies and the longer-term implications of debates over the power supply for citizen activism and the development of civil society, government involvement in tackling housing and other social issues, and state controls on private businesses.Clifford explores the effects of electrification on both grand politics and daily life. In the geopolitical struggle of the Cold War, Hong Kong became an explicitly anti-Communist showcase of production and consumption. Its bright lights and neon signs stood in contrast to the darkness and drabness of neighboring China. Electricity transformed people’s everyday lives, allowing children to study at night, streets to be lit, and shops in a self-consciously commercial mecca to stay open late.Offering new perspectives on twentieth-century Hong Kong, Let There Be Light reveals electricity as a catalyst of modernization.

It is widely thought that state ownership of natural resources, oil and natural gas in particular, causes countries to fall under the sway of the “resource curse.” In such cases, governments allegedly display “resource nationalism,” which destabilizes the economy, society, and politics. In this book, David R. Mares dispels these beliefs and develops a powerful new account of the relationship between state resource ownership and energy policy.Mares examines variations in energy policy across a wide range of countries, underscoring the fact that in most of the world outside the United States, subsoil natural resources are owned by the state. He considers the history of Latin American oil and gas policies and provides an in-depth analysis of Venezuela from 1989 to 2016—before, during, and after the presidency of Hugo Chávez. Mares demonstrates that the key factors that influence energy policy are the inclusiveness of the political system, the level of competitiveness within policy making, and the characteristics of individual leaders. Domestic politics, not state ownership, determines the effectiveness and efficiency of energy policies: the “resource curse” is avoidable. Drawing on these findings, Mares reconceptualizes resource nationalism, arguing that government intervention into resource extraction is legitimate as long as the benefits are shared through the provision of public goods. Featuring a sophisticated grasp of both Latin American politics and energy policy, this book sheds new light on why some governments are responsible stewards of natural resources while others appropriate national wealth for partisan or private benefit.

It is widely thought that state ownership of natural resources, oil and natural gas in particular, causes countries to fall under the sway of the “resource curse.” In such cases, governments allegedly display “resource nationalism,” which destabilizes the economy, society, and politics. In this book, David R. Mares dispels these beliefs and develops a powerful new account of the relationship between state resource ownership and energy policy.Mares examines variations in energy policy across a wide range of countries, underscoring the fact that in most of the world outside the United States, subsoil natural resources are owned by the state. He considers the history of Latin American oil and gas policies and provides an in-depth analysis of Venezuela from 1989 to 2016—before, during, and after the presidency of Hugo Chávez. Mares demonstrates that the key factors that influence energy policy are the inclusiveness of the political system, the level of competitiveness within policy making, and the characteristics of individual leaders. Domestic politics, not state ownership, determines the effectiveness and efficiency of energy policies: the “resource curse” is avoidable. Drawing on these findings, Mares reconceptualizes resource nationalism, arguing that government intervention into resource extraction is legitimate as long as the benefits are shared through the provision of public goods. Featuring a sophisticated grasp of both Latin American politics and energy policy, this book sheds new light on why some governments are responsible stewards of natural resources while others appropriate national wealth for partisan or private benefit.

The power sector and transportation tend to dominate conversations about climate change, but there’s an under-the-radar source of climate pollution that must be addressed: industry. Globally, industrial activity is responsible for one-third of human-caused greenhouse gas emissions. Though industry is a major emitter, it is essential for producing the tools we need to fight climate change—like wind turbines, solar panels, and electric vehicles—and for meeting our everyday needs. How can industry eliminate its climate pollution while supplying transformational technologies?This book delivers a first-of-its-kind roadmap for the zero-carbon industrial transition, spotlighting the breakthrough innovations transforming the manufacturing sector and the policies that can accelerate this global shift. Jeffrey Rissman illustrates the scope of the challenge, diving into the workings of heavy polluters like steel, chemicals, plastics, cement, and concrete. He examines ways to affordably decarbonize manufacturing, such as electrifying industrial processes, using hydrogen, deploying carbon capture and storage, and growing material efficiency with lightweighting and 3D printing. But technologies are only part of the picture. Enacting the right policies—including financial incentives, research and development support, well-designed carbon pricing, efficiency and emissions standards, and green public procurement—can spur investment and hasten emissions reductions. Rissman provides a framework to ensure that the transition to clean industry enhances equity, health, and prosperity for communities worldwide.Engaging and comprehensive, Zero-Carbon Industry is the definitive guide to decarbonizing the vast—yet often overlooked—global industrial sector.

Today, Qatar is among the world’s wealthiest countries. Its rich hydrocarbon resources have transformed this small Gulf state into an energy powerhouse, funded its outsized global ambitions, and allowed it to forge an identity separate from those of its large and powerful neighbors.Drawing on Michael D. Tusiani’s firsthand accounts and deep personal experience in the energy sector and Anne-Marie Johnson’s years of reporting, this book explores how Qatar became a major player in the global energy market. It follows the twists and turns of Qatar’s road to riches, from the first interest by British and American oil companies in the 1920s to the decades it took to develop the North field—the world’s largest gas field—following its discovery in 1971 through the country’s emergence as one of the world’s leading exporters of liquefied natural gas (LNG) in the 2000s.From Black Gold to Frozen Gas details the technical, financial, and political challenges involved in getting Qatar’s first LNG projects off the ground. It shows how, despite missteps and setbacks, the foundations of today’s Qatar were laid over many decades. And it chronicles epic rivalries within the ruling Al Thani family, among oil companies, and in the geopolitics of the energy landscape.Part historical analysis, part in-the-room narrative, From Black Gold to Frozen Gas is the definitive account of oil and gas development in Qatar.

Oil is an unusual commodity in that individual decisions can have an outsized effect on the market. OPEC+’s choice to increase production, for instance, might send prices falling, affecting both oil producers and consumers worldwide. What do the leading oil market players consider before making a fateful move?Oil Leaders offers an unprecedented glimpse into the strategic thinking of top figures in the energy world from the 1980s through the recent past. Ibrahim AlMuhanna—a close adviser to four different Saudi oil ministers during that period—examines the role of individual and collective decision making in shaping market movements. He analyzes how powerful individuals made critical choices, tracking how they responded to the flow of information on pivotal market and political events and predicted reactions from allies and adversaries. AlMuhanna highlights how the media has played an increasingly important role as a conduit of information among multiple players in the oil market. Energy leaders have learned to manage the signals they send to the market and to other relevant players in order to avoid sending oil prices into a spiral.AlMuhanna draws on personal familiarity with many of these individual decision makers as well as his participation in decades of closed-door sessions where crucial choices were made. Featuring revelatory behind-the-scenes perspective on pivotal oil market events and dynamics, this book is a must-read for practitioners and policy makers engaged with the global energy world.

Sanctions have become the go-to foreign policy tool for the United States. Coercive economic measures such as trade tariffs, financial penalties, and export controls affect large numbers of companies and states across the globe. Some of these penalties target nonstate actors, such as Colombian drug cartels and Islamist terror groups; others apply to entire countries, including North Korea, Iran, and Russia. U.S. policy makers see sanctions as a low-cost tactic, but in reality these measures often fail to achieve their intended goals—and their potent side effects can even harm American interests.Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon. The proliferation of sanctions spurs efforts to evade them, as states and firms seek ways to circumvent U.S. penalties. This is only part of the story. Sanctions also reshape relations between countries, pushing governments that are at odds with the U.S. closer to each other—or, increasingly, to Russia and China.Full of counterintuitive insights spanning a wide range of topics, from Russia’s invasion of Ukraine to Iran’s COVID response and China’s cryptocurrency ambitions, Backfire reveals how sanctions are transforming geopolitics and the global economy—as well as diminishing U.S. influence. This insider’s account is an eye-opening, accessible, and timely book that sheds light on the future of sanctions in an increasingly multipolar world.

Disruptive digital technologies are poised to reshape world energy markets. A new wave of industrial innovation, driven by the convergence of automation, artificial intelligence, and big data analytics, is remaking energy and transportation systems in ways that could someday end the age of oil. What are the consequences—not only for the environment and for daily life but also for geopolitics and the international order?Amy Myers Jaffe provides an expert look at the promises and challenges of the future of energy, highlighting what the United States needs to do to maintain its global influence in a post-oil era. She surveys new advances coming to market in on-demand travel services, automation, logistics, energy storage, artificial intelligence, and 3-D printing and explores how this rapid pace of innovation is altering international security dynamics in fundamental ways. As the United States vacillates politically about its energy trajectory, China is proactively striving to become the global frontrunner in a full-scale global energy transformation. In order to maintain its leadership role, Jaffe argues, the United States must embrace the digital revolution and foster American achievement. Bringing together analyses of technological innovation, energy policy, and geopolitics, Energy’s Digital Future gives indispensable insight into the path the United States will need to pursue to ensure its lasting economic competitiveness and national security in a new energy age.

Winner, 2025 Robert W. Hamilton Book Award, Office of the Vice President for Research, The University of Texas at AustinWhy is the United States struggling to enact policies to reduce carbon emissions? Conventional wisdom holds that the wealthy and powerful are to blame, as the oligarchs and corporations that wield disproportionate sway over politicians prioritize their short-term financial interests over the climate’s long-term health. David B. Spence argues that this top-down narrative misses a more important culprit—with critical consequences for the energy transition.Climate of Contempt offers a voter-centric, bottom-up explanation of national climate and energy politics, one that pinpoints bitter partisanship as the key impediment to transitioning to a net zero carbon future. Members of Congress respond to voters whose animosity toward the opposing party makes compromise politically risky. The most powerful driver of polarization, in turn, is the mixture of ideology and social media that constitutes today’s information environment, which amplifies anger, spreads half truths and falsehoods, and sows division, distorting voters’ understandings of the energy transition and their fellow citizens.Spence explores the effects of polarization, partisanship, and propaganda on energy policy and considers how to build a broader climate coalition. He contends that cooperation on this crucial issue is still possible, but it will require sustained person-to-person engagement across ideological and partisan boundaries to foster a more productive dialogue. Providing a timely and incisive understanding of the politics of the energy transition, Climate of Contempt suggests new paths forward and offers hope for a net-zero future.