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Oil rig around the US Capitol.

Jess Frampton

The greatest energy boom you’ve never heard of

“A few years ago, we were energy independent, now we’re begging countries to give us gasoline.” —Former president Donald Trump

“Joe Biden has destroyed US energy independence.” —Sen. Marsha Blackburn (R-TN)

“Since Joe Biden’s first day in office, he has waged an unprecedented war on American energy producers.” —House GOP

If we are to believe Republican politicians, President Joe Biden is waging a debilitating “war” on American energy. But is that true?

Not quite. After having to import massive amounts of foreign energy for most of its modern history, the United States became energy independent in 2019 – when Donald Trump happened to be president – thanks to the decades-long fracking and shale revolution. Domestic oil and gas production dipped briefly during the pandemic as global demand collapsed, but it quickly bounced back under President Biden.

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Ian Explains: If the US steps back from Ukraine, can Europe go it alone?
If the US steps back from Ukraine, can Europe go it alone? | Ian Bremmer Explains | GZERO World

Ian Explains: If the US steps back from Ukraine, can Europe go it alone?

Two years into Ukraine's all-out war with Russia, Europe has had to cut off nearly all energy imports from Moscow. Can Europe secure its energy future and defend itself without relying on Russia or, depending on the November election, the United States? Ian Bremmer explains on GZERO World.

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FILE PHOTO: The Canaport LNG receiving and regassification terminal in St. John, New Brunswick is seen in this October, 2008 handout photo. Repsol has signed natural gas supply deals from its newly built Canaport liquefied natural gas terminal in New Brunswick, Canada, the company said on June 19, 2009.


Canada hails second chance at LNG leadership

Critics of the Biden administration have had a field day with its decision to pause the expansion of America’s liquified natural gas exports, while it looks at the effect of exports on the environment, energy security, and energy costs.

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Participants enter the Dubai Exhibition Centre during the COP28, UN Climate Change Conference.

Dominika Zarzycka/NurPhoto/Reuters

Can climate activism and AI coexist?

AI is on the lips of climate-policy negotiators gathered for the United Nation’s COP28 conference in Dubai, and for good reason — it presents a high-risk but potentially high-reward scenario.

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Annie Gugliotta

Graphic Truth: Global fossil fuel subsidies on the rise

In 2022, the International Monetary Fund crunched the numbers and found that governments were spending a whopping $7 trillion on fossil fuel subsidies. The colossal sum spent on these grants and tax incentives was largely driven by the war in Ukraine and its ripple effect on energy prices. But it wasn’t an outlier; the trend had already been on an upward trajectory as economies surged in the Global South, which suggests it is likely to continue unless there is a global transition to green energy.

To put these numbers into perspective, government backing for fossil fuels represents over 7% of the world's GDP, dwarfing other crucial budget items like education spending, which amounts to a mere 4.3% of the global GDP.

According to the IMF, curbing these subsidies could not only realign humanity with climate goals but also save 1.6 million lives annually and boost government coffers by $4.4 trillion.

Episode 5: Energy transition today


Listen: "It actually all comes down to one thing and that's money," says Raad Alkadiri, Managing Director of Energy, Climate and Resources at Eurasia Group. "Will there be the money for investment in renewables, in energy efficiency made available? And I'm not just talking about the industrialized world, I'm talking about globally."

In the latest episode of Living Beyond Borders, a podcast produced in partnership between GZERO and Citi Global Wealth Investments, Alkadiri is joined by Malcolm Spittler, Global Investment Strategist and Senior US Economist at Citi Global Wealth Investments, to look at where the energy transition to renewable fuels stands globally, after setbacks from the pandemic and geopolitical instability.

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Europe grapples with insecurity, instability, and proxy war: Davos 2023
Europe Grapples With Insecurity, Instability, & Proxy War | Davos 2023 | Quick Take | GZERO Media

Europe grapples with insecurity, instability, and proxy war: Davos 2023

Ian Bremmer's Quick Take: Hi everybody, Ian Bremmer here from Davos. We're just kicking off the annual forum in Switzerland, its 53rd Annual Meeting. And here I am in the cold, but not absolutely frigid, to talk with a bunch of global leaders and 52 heads of state showing up. 2,700 world leaders are going to be here for the week, and that means that you can get a hell of a lot of work done in a relatively short period of time.

Big issues to be discussed. Well, first and foremost, we are in Europe, and that means they are feeling a lot more negatively about the geopolitical environment than we are across the Atlantic. Why? Because the Russian invasion is affecting them directly. It's the permanent end of a 30-year long peace dividend for Europe. It means they are all dramatically ramping up their security spend. They think they're going to have to for the foreseeable future. It means that energy prices, even though they've managed to do a lot on that and they're lower than people expected, they're still a lot higher for the foreseeable future than they would otherwise want. And also, of course, because there are massive numbers of refugees that are being hosted in Europe still from Ukraine, and the concerns about insecurity, instability, what it means to be fighting a proxy, hot war against the world's largest nuclear power right across the border, that's something that people are still trying to grapple with on the mountains here.

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Dambisa Moyo: Europe's energy transition needs more than a "band-aid solution"
Dambisa Moyo: Europe Energy Transition Needs More Than a "Band-Aid Solution" | GZERO World

Dambisa Moyo: Europe's energy transition needs more than a "band-aid solution"

Most countries around the world understand that sooner or later they will need to transition to using more clean energy. But in the meantime, they still rely on over a hundred million barrels of oil per day.

What's more Russia's war in Ukraine has underscored our dependence on fossil fuels for energy.

“We hadn't anticipated that there'd be a war that would create these shocks. And that puts us slightly offside,” renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

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