Phillip Cornell

  • Hurricane Resilience and the Role of Oil Product Reserves

    Hurricane Harvey, which has devastated the city of Houston and the surrounding areas, has struck at the heart of the US energy sector. The consequences will outlive the rainfall, and raise questions about the utility and design of strategic product storage in a rapidly changing domestic energy landscape.

    Since making landfall on August 25, Harvey has knocked out nearly one quarter of national refining capacity at the time of writing, including the nation’s largest refinery at Port Arthur. A number of refineries could be out for as long as a month if their storm drainage pumps remain submerged. 

    While Harvey’s rainfall may be unprecedented and the situation quite serious, this is not entirely new territory for a Gulf Coast refining sector with experience of major storms. Hurricane Katrina left refinery complexes inoperative for months in 2005 due to flooding and power...

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  • Politics Narrow Eastern Mediterranean Gas Export Options

    Nicosia, Cyprus and Chania, Crete

    Over the past decade, major offshore natural gas finds in Egyptian, Israeli, and Cypriot waters have fueled an ongoing debate over how to get that gas to market. Fixed midstream assets and pipes will be key to getting the gas out of the region, and various export routes present their own challenges. Recent political developments in Cyprus and subsequent Turkish military deployments in the region following the collapse of the country’s unification talks are narrowing options.

    Competing export routes to move offshore natural gas north via Cyprus to Turkey, south to Egypt, and inland to Israel, have been considered. More expensive options such as capital-intensive floating liquefied natural gas (FLNG) facilities and longer subsea pipelines...

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  • From Huguenots to Gay Refugees: The Cost of Expulsion

    With the revocation of the Edict of Nantes in 1685, Louis XIV famously empowered national prejudice, initiating widespread persecution and driving the mass exodus of French protestants. Many of those within this highly skilled and industrious group fled to London, where they had no small part in the blossoming of English economic life which would soon see the birth of industrialization and the forging of a global empire. Arrivals to Holland, Prussia, and America had similar impacts in those places. France, the undisputed Western superpower of the seventeenth century, would fade in relative geopolitical prominence. A global defeat in 1763 at British hands which ended the Seven Year’s War cemented France’s legacy as the perennial second fiddle of modern global power. A petty act of illiberal tribalism for political expediency had a real impact on the rise and fall of nations.

    The story of the Huguenots is not an isolated one. The expulsion of Jews from Europe, South Asians...

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  • The Fuse Covers Atlantic Council Event on Aramco IPO


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