The Shale Gas Revolution: Implications for U.S. and Canadian Energy Policy and Asian Energy SecuritySep 06, 2012
North America is enjoying a greater wealth of energy resources, with new technology making it easier to extract natural gas from dense shale rock formations. This increase in supply has caused gas prices to plummet in the United States to approximately $3 per thousand cubic feet, compared to $16 per thousand cubic feet in Asia. With Asia struggling to meet its growing energy demand, countries such as China, South Korea, and Japan are looking toward North America to help diversify their energy imports. Many in the United States and Canada are interested in fulfilling Asia’s need for gas in order to help diversify trade and boost the economy. Others fear that liquefied natural gas (LNG) exports will hurt North America’s energy security and that LNG exports may raise domestic gas prices. NBR recently spoke with James Slutz, President and Managing Director of Global Energy Strategies LLC, to better understand this debate and the implications for U.S. energy and foreign policy.
It is only fitting that in the 200th year since the War of 1812, Canada and the United States have begun to implement another landmark agreement. Cooperation in international politics hardly elicits as much media attention as conflict, yet after two centuries of historic peace on the border, Canada and the United States continue to quietly enhance bilateral cooperation
On July 20, 2012 Chinese oil corporation CNOOC closed a deal to buy Alberta's Nexen priced at $15.1 billion. This is the largest oversea's purchase by a Chinese company and signals Canada's openness to foriegn investment in the country.
Former Wilson Center fellow Stephen Clarkson awarded with Seymour Martin Lipset Award for best book on Canada politics by the American Political Science Association.
Brazil’s economic and political transformation and consequent impact on the western hemisphere and the world offer many valuable opportunities for Canada to strengthen its relations with this increasingly influential country, reinforce their mutual equality and understanding, and ultimately benefit the people and prosperity of both countries. In order to maximise these opportunities and realise their full benefit and potential now and in the future, Canada’s engagement with Brazil needs to intensify and, most importantly, needs to be strategic.
The trade relationship between Canada and Brazil has long been rocky, due largely to an ugly dispute over government subsidies to their respective airplane manufacturers—Bombardier and Embraer—in the late 1990s. During a visit to São Paulo last year, Prime Minister Stephen Harper lamented the “barely $6 billion in business” between the countries in 2010, vowing to renew relations with the South American powerhouse.
Reneging on Kyoto, Keystone pipeline drama, pain at the pump, re-aligned Arctic sovereignty, melting outdoor hockey rinks – all these aspects of climate change are being discussed in Canada. However, Canadians, as potential citizens of the next energy superpower, need a more comprehensive and enriching debate. Climate change adaptation measures, at home and abroad, are inevitable, but the issue has largely been ignored by the federal government thus far.
Ambassador Carlos Pascual offered a keynote address on hemispheric energy affairs and the development of renewable energy in the Americas at the May 11 Wilson Center conference, "Energy in the Americas."
Two years after Deepwater Horizon, memories linger of the massive Gulf oil disaster. In this interview, experts contrast Canada’s unique drilling regulations, which split responsibilities between Ottawa and the provinces, with a US regulatory framework overseen exclusively at the federal level.
The Canada Institute seeks a qualified part-time intern for the summer semester with an interest in, coursework related to, or experience working on Canadian policy topics and Canada-U.S. issues. Please note the deadline for the summer semester is April 1.