Oil & Energy Investor by Dr. Kent Moors

This Energy Waiver Is Critical to Iraq… And a Huge Embarrassment to D.C.

by | published February 21st, 2020

A current American-Iraqi policy mess is bringing back some very personal and frustrating memories. More than a decade ago, I was advising on an energy project in Iraq. It remains one of the more galling experiences of my life.

The situation was this: As with just about any country coming out of prolonged hostilities, Baghdad needed to ramp up its ability to provide reliable electricity.

No power? No economic recovery.

Some of the generating and grid infrastructure had been upgraded via U.S. aid, and preliminary indications had called for a rapid increase in electricity availability as major new crude oil production projects were phased in.

That’s because the escalation in oil extraction would bring about a significant rise in the associated gas from the oil fields. Unless the gas was also developed, field pressure could not be sustained, and the amount of oil lifted would plateau.

Oil export proceeds were vital to the national budget. Therefore, the idea was forwarded to harvest the associated gas, thereby improving the amount of oil realized. That gas, in turn, would be piped to power plants and used as fuel for the generation of the needed electricity.

Seemed straightforward enough at the time, but like most anything in Middle Eastern energy politics, it wasn’t…

Trump’s Proposed Budget Attacks Energy Innovation

by | published February 19th, 2020

In its detailed report released last Friday (February 14), the Information Technology and Innovation Foundation (ITIF) concludes that the proposed FY 2021 Trump budget would “slam the breaks on energy innovation.”

ITIF is a nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. It is widely recognized as the world’s leading science and technology think tank.

The White House budget request would slash federal investments in U.S. Department of Energy (DOE) applied research, development, and demonstration (RD&D) programs by more than 44% -the largest single-year cut ever-from $5.4 billion to $3.0 billion.

It reinforces the conclusion that the administration’s primary approach to energy needs is a continued reliance on traditional hydrocarbons with some allowance of alternative sourcing.

Here’s why adopting this proposed budget would be disastrous…