Technology, Economics, And Governance News Roundup | October 28 – November 4
Rachel Moltz
Tue, 11/08/2022 – 12:46
Industrial Policy & International Security
OPEC Sees Booming Oil Demand Until Middle of Century | The Wall Street Journal
Despite Western nations transitioning away from fossil fuels to more renewable energy sources, OPEC raised long-term forecasts of demand for oil in a new report released this week. Analysts claim that increasing demand among developing nations–fueled in part by population growth–will more than make up for declining consumption in the West. The report projects demand to reach 105.5 million barrels a day by 2025 (an increase of 2 million barrels compared to last year’s report). OPEC called for $12.1 trillion of investments in the oil industry by 2045 to meet expected global demand and avoid energy security issues. In contrast, the International Energy Agency recently argued to halt investment in fossil fuels to mitigate climate change.
US Ban on Americans Aiding China Chip Firms Narrower Than Feared | Bloomberg
According to a Bureau of Industry and Security document published last week, the new ban on US citizens assisting China’s chip industry will be more narrowly enforced than anticipated. The rules target persons working in specific …read more
Source:: Hoover Institution