Search on Ifri.org

About Ifri

Frequent searches

Suggestions

Disaster in Gulf not a Disaster for Obama

Editorials
|
Date de publication
|
Référence taxonomie collections
Édito Énergie
Image de couverture de la publication
Disaster in Gulf not a Disaster for Obama
Accroche

Pundits argue that the BP accident in the US Gulf is a final nail in the coffin of President Obama’s energy and environment legislation. They conclude that American energy and environment policy will be left in disarray with little hope for key decisions before the crucial Cancun climate change talks.

Corps analyses

A calm look at the legislative process would suggest that their conclusion was true before the disaster but their premise is not. Remember that Senator Lindsey bolted from the bipartisan draft that he and Senators Kerry and Liebermann were supposed to introduce at the end of April. Senator Lindsey complained that the Administration was giving higher priority to immigration legislation. Time will tell if that was his real problem, but his defection had already put the energy and environment bill into the next Congress.

The Congress is grappling with the Financial Reform bill just now and if the Senate passes some version of that bill, it will need reconciliation in the House. The Republicans dragged their feet on this legislation until they ran the risk of being successfully painted in the voters" eyes as pure obstructionists. Goldman Sachs pushed them over the edge. That bill may take several weeks in the Senate alone.

Whether Congress could have done anything useful on energy legislation in the time remaining before the summer recess - which stretches on into the campaign - was highly doubtful. The bipartisan energy and environment bill with all its compromises will still be a very tough sell for the Administration.

It was the Republicans who insisted on Obama’s concession to go easier on offshore drilling. Remember Sarah Palin’s “Drill baby drill”? The BP incident eases President Obama’s hand on this issue as long as he plays the current politics well. His visit to Louisiana touched on all the right public issues and stood in sharp contrast to President Bush’s muffed response to the hurricanes. Obama may well turn this disaster to political advantage in the mid-term elections. His offshore drilling moratorium was the necessary action designed to respond to public outrage without compromising his deal with Republicans.

In any case, now would not be the time for Congressional debate on the energy bill as the country watches unfold the real extent of the BP well blow out. Furthermore, Congressional grandstanding on the consequences of this disaster would make any reasonable legislative process impossible.

The best strategy for President Obama is to strengthen his hand for the next battles. If he achieves financial reform - a very populist issue for the American people - which may in some way offset his still unpopular health care reform, his mid-term results can be marginally better. How the President handles this environmental disaster will shape his image among voters this fall. Mid-term elections are always a danger for a President, but by minimizing damage to the Democratic position in the Congress in November, the President improves his chances for surmounting the next challenge.

International negotiations cannot really engage serious debate until the US come to the table with a strong mandate. Such a mandate is more likely next year than this. Meanwhile, America must remain focused on the multitude of things that can be done to build a climate change response from the bottom-up. That half of US strategy is progressing well.

Perhaps this disaster will remind our populations that there are even more immediate environmental consequences of our overwhelming dependence on fossil fuels than the eventuality of climate change. Accidents such as this are inherent in producing, transforming and shipping coal, oil and gas. The world will not kick the fossil fuel habit soon, but incremental pressure on the more rapid deployment of lower carbon, environmentally safer energies can only be a good thing. This too could improve chances for responsive energy and environmental legislation next year.

 

Decoration

Available in:

Regions and themes

Thématiques analyses

Share

Decoration
Author(s)
Photo
photowr3_modifie-1.jpg

William C. RAMSAY

Intitulé du poste

Directeur du Centre Energie de l'Ifri de 2008 à 2011, Conseiller de 2012 à 2016

Image principale
Climate & Energy
Center for Energy & Climate
Accroche centre

Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.

Image principale

Can carbon markets make a breakthrough at COP29?

Date de publication
30 October 2024
Accroche

Voluntary carbon markets (VCMs) have a strong potential, notably to help bridge the climate finance gap, especially for Africa.

Image principale

Taiwan's Energy Supply: The Achilles Heel of National Security

Date de publication
22 October 2024
Accroche

Making Taiwan a “dead island” through “a blockade” and “disruption of energy supplies” leading to an “economic collapse.” This is how Colonel Zhang Chi of the People’s Liberation Army and professor at the National Defense University in Beijing described the objective of the Chinese military exercises in May 2024, following the inauguration of Taiwan’s new president, Lai Ching-te. Similar to the exercises that took place after Nancy Pelosi’s visit to Taipei in August 2022, China designated exercise zones facing Taiwan’s main ports, effectively simulating a military embargo on Taiwan. These maneuvers illustrate Beijing’s growing pressure on the island, which it aims to conquer, and push Taiwan to question its resilience capacity.

Image principale

India’s Broken Power Economics : Addressing DISCOM Challenges

Date de publication
15 October 2024
Accroche

India’s electricity demand is rising at an impressive annual rate of 9%. From 2014 to 2023, the country’s gross domestic product (GDP) surged from 1.95 trillion dollars ($) to $3.2 trillion (constant 2015 US$), and the nation is poised to maintain this upward trajectory, with projected growth rates exceeding 7% in 2024 and 2025.  Correspondingly, peak power demand has soared from 136 gigawatts (GW) in 2014 to 243 GW in 2024, positioning India as the world’s third-largest energy consumer. In the past decade, the country has increased its power generation capacity by a remarkable 190 GW, pushing its total installed capacity beyond 400 GW. 

Image principale

The Troubled Reorganization of Critical Raw Materials Value Chains: An Assessment of European De-risking Policies

Date de publication
30 September 2024
Accroche

With the demand for critical raw materials set to, at a minimum, double by 2030 in the context of the current energy transition policies, the concentration of critical raw materials (CRM) supplies and, even more, of refining capacities in a handful of countries has become one of the paramount issues in international, bilateral and national discussions. China’s dominant position and successive export controls on critical raw materials (lately, germanium, gallium, rare earths processing technology, graphite, antimony) point to a trend of weaponizing critical dependencies.

How can this study be cited?

Image de couverture de la publication
Disaster in Gulf not a Disaster for Obama
Disaster in Gulf not a Disaster for Obama, from Ifri by
Copy