Reflections from Davos 2025
By Jason Bordoff | I spent last week at the Annual Meeting of the World Economic Forum in Davos, and, as in prior years, am writing to offer a few reflections from the many events, meetings and conversations.
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Recent events in Venezuela – from missed debt payments and calls for debt restructuring to the arrest of Citgo officials and the appointment of a general with no experience in the oil business as oil minister and head of state oil company PdVSA – signal an acceleration of the country’s crisis. Although President Nicolas Maduro consolidated his political power following the Constitutional Assembly election of July 31, the situation on the ground continues to spiral downwards. Accelerating oil production declines and recently-imposed US financial sanctions are muting the effect of recent oil price gains, even as the quality of Venezuelan crude exports becomes increasingly erratic. Meanwhile, the links between Caracas and Moscow appear to be deepening.
To discuss these momentous developments, CGEP organized a panel discussion featuring three experts on the country’s finances, economy, politics and oil industry:
The discussion was moderated by Antoine Halff, Senior Research Scholar and Director of Global Oil Markets at the Center on Global Energy Policy.
President Donald Trump’s administration is promising an energy policy overhaul that would fundamentally reshape America's climate and energy policies. Trump and Republican leaders have pledged to pull back...
The year 2024 ended with a sobering milestone: it was officially the hottest year ever recorded. That pattern of extremes continues around the world, especially in Southern California,...
Climate change isn't just an environmental threat—it's becoming a catalyst for conflict. Over the past decade, rising temperatures, water shortages, and other environmental disruptions have fueled tensions from...
This week host Jason Bordoff talks with Cheryl LaFleur and David Hill about the incoming Trump administration, its impact on FERC, and the status of permitting reform measures.
Can U.S. gas exports throw a lifeline to Europe without raising prices at home?
America should give diplomacy a final shot—while preparing to use military force.
The traditional correlation between Middle East conflict risk and accelerating oil prices is now broken.
Also in today’s newsletter, why private capital will not suffice for Africa’s climate needs