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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

New Atlanticist

Feb 4, 2020

What Trump’s State of the Union means for US foreign policy

By David A. Wemer

US President Donald J. Trump used his third State of the Union address to argue that his administration has “launched the great American comeback” through its economic policies and tough international stances. In a speech that focused heavily on domestic issues, his discussion of foreign policy mainly highlighted what he believed to be his major foreign policy successes, rather than announcements of new plans.

China Energy & Environment

Randolph Bell is a distinguished fellow at the Atlantic Council Global Energy Center and vice president of government and regulatory affairs at JERA Americas.

Previously, he was an associate partner at Dentons Global Advisors, an expert-led multidisciplinary advisory firm, where he supported clients navigating the increasingly complex intersection of energy security, climate action, and sustainability. He also served as head of international government affairs at Commonwealth Fusion Systems (CFS).

From 2018 to 2022, Bell was the Global Energy Center’s senior director and the inaugural holder of the Richard Morningstar Chair for Global Energy Security. In this capacity, he set the center’s strategy and oversaw the center’s research and programs, including the annual Atlantic Council Global Energy Forum in Abu Dhabi, through a period of remarkable growth. His research and writing focused on hydrogen policy, advanced technologies and innovation, oil and gas in the energy transition, and energy geopolitics. He joined the Global Energy Center in 2017 as its director of business strategies. From 2014 to 2016, Bell led the launch of the center in his capacity as director of business development and new ventures for the Atlantic Council.

From 2011 to 2014, Bell was managing director at the International Institute for Strategic Studies–US, where in addition to holding overall responsibility for the operations and programming of the IISS’s Washington office, he published extensively on African, South Asian, and cyber-security issues. From 2010 to 2011, he was manager of national security at the Markle Foundation, where he worked on cyber security, intelligence community information sharing, and technology policy issues.

Bell has an MPP from the John F. Kennedy School of Government at Harvard University, where he was a Public Service and Belfer International and Global Affairs fellow, and graduated magna cum laude from Harvard College.