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LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Bad omens for Chinese oil demand
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
Trump’s LNG metamorphosis
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Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Letter from Saudi Arabia: Energy, diplomacy and the art of the deal
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Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
Taiwan’s energy dependencies laid bare
Renewed China tensions threaten island’s inflows of oil and gas from overseas
Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
On tariffs, Trump is an open book
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
Letter from the US: Trumpism threatens oil producers’ survival
Well-functioning democracies are required for healthier economies and a thriving oil industry
President Trump at the first cabinet meeting of his second term
Opinion
US Politics
Philip K. Verleger
Denver
26 March 2025
Follow @PetroleumEcon
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Letter from the US: Trumpism threatens oil producers’ survival

Well-functioning democracies are required for healthier economies and a thriving oil industry

Few oil-exporting nations can be labelled democracies. Oil- and mineral-exporting nations work best as autocracies. On the other hand, research by the Nobel-prize-winning economist and MIT professor Daron Acemoglu and three co-authors has showed that long-run per-capita GDP increases by almost 20% when a nation transitions from autocracy to democracy, while declining by a similar amount when an autocrat attains control. The Trump administration’s takeover of the US government has put the country on the path to autocracy. The democratic institutions under which presidents, members of the House of Representees and the Senate—along with the judiciary—have operated for more than 200 years are be

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6 May 2025
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