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Mar 11, 2020

Atlantic Council press call: Oil market meltdown: Price wars, coronavirus, and energy geopolitics

Last week’s breakdown of OPEC+ meetings in Vienna has turned a demand side driven decline in oil prices caused by the impacts of Coronavirus into an oil price war between two oil producing giants, with US shale production the ostensible target. If the standoff continues, however, the price war might ultimately do more harm to the Saudi and Russian economies. With increasing uncertainty about the depth of Coronavirus’ impact on global growth, the price war might also contribute to a sharp decline in the global economy. Helima Croft, David L. Goldwyn, Jean-Francois Seznec, Anders Aslund, and Randolph Bell discuss ongoing market volatility, the origins of the crisis, what’s next for US shale, and the implications of it all for energy and geopolitics

Coronavirus Energy & Environment

New Atlanticist

Mar 9, 2020

Saudi Arabia and Russia feud over coronavirus oil response: Will everyone lose?

By David A. Wemer

"While Russia’s decision last week not to support OPEC’s proposal for a production cut and the subsequent oil price war—which as of publishing has pushed Brent crude down more than 9 percent—is surely part of the larger story of the economic impacts of the coronavirus outbreak, it is actually better understood as a geopolitical story about how US energy production growth has strengthened the United States’ international posture, which in turn has reshaped a number of global relationships," Randolph Bell says.

Coronavirus Energy Markets & Governance

Report

Mar 6, 2020

A new energy strategy for the Western Hemisphere

By David L. Goldwyn

The Western Hemisphere is full of potential and we have the opportunity to galvanize it into an energy powerhouse. This new US energy strategy for the Western Hemisphere will help raise the global competitiveness of the hemisphere, advance its shared prosperity, and improve national and energy security as a result.

Americas Climate Change & Climate Action

David Goldwyn is president of Goldwyn Global Strategies, LLC (GGS), an international energy advisory consultancy, and chairman of the Atlantic Council Global Energy Center’s Energy Advisory Group. He is a globally recognized thought leader, educator, and policy innovator in energy security and extractive industry transparency. Goldwyn served as the US State Department’s special envoy and coordinator for international energy affairs from 2009 to 2011 and assistant secretary of energy for international affairs (1999-2001). He is the only person to hold both the US government’s international energy leadership positions. He also served as national security deputy to US Ambassador to the United Nations Bill Richardson (1997-98) and chief of staff to the US Under Secretary of State for Political Affairs (1993-97). Goldwyn has been published extensively on topics related to energy security and transparency. He is the co-editor of Energy & Security: Strategies for a World in Transition (Wilson Center Press/Johns Hopkins University Press 2013) and Drilling Down: The Civil Society Guide to Extractive Industry Revenues and the EITI (Revenue Watch Institute 2008). Goldwyn’s recent publications include “Beyond Promises: Pathways to deliver on methane commitments” (Atlantic Council 2023), “A year after the IRA, industrial policy has gone global. Now what?” (Atlantic Council 2023), “A Roadmap for the Caribbean’s Energy Transition,” (Atlantic Council 2023), “Six steps Guyana can take to avoid the resource curse,” (Atlantic Council 2023), and “Confronting the Resource Curse: Advice for Investors and Partners” (Baker Institute 2020). Goldwyn holds a BA in government from Georgetown University, an MA in public affairs from Princeton University School of Public and International Affairs and a JD from New York University.