Windfall
How the New Energy Abundance Upends Global Politics and Strengthens America's Power
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Narrated by:
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Eliza Foss
About this listen
Windfall is the boldest profile of the world's energy resources since Daniel Yergin's The Quest. Harvard professor and former Washington policymaker Meghan L. O'Sullivan reveals how fears of energy scarcity have given way to the reality of energy abundance. This abundance is transforming the geo-political order and boosting American power.
As a new administration focuses on raising American energy production, O'Sullivan's Windfall describes how new energy realities have profoundly affected the world of international relations and security. New technologies led to oversupplied oil markets and an emerging natural gas glut. This did more than drive down prices. It changed the structure of markets and altered the way many countries wield power and influence.
America's new energy prowess has global implications. It transforms politics in Russia, Europe, China, and the Middle East. O'Sullivan explains the consequences for each region's domestic stability as energy abundance upends traditional partnerships and creates opportunities for cooperation.
The advantages of this new abundance is greater than its downside for the US: it strengthens American hard and soft power. This powerful book describes how new energy realities create a strategic environment to America's advantage.
Author bio: Meghan L. O'Sullivan is the Jeane Kirkpatrick professor of the practice of international affairs at Harvard University's Kennedy School of Government. She is also the director of the Geopolitics of Energy Project, which explores the complex interaction between energy markets and international politics. Between 2004 and 2007, she was special assistant to President George W. Bush and deputy national security advisor for Iraq and Afghanistan for the last two years of her tenure. She lives in Cambridge, Massachusetts. Windfall: The New Energy Abundance Upends Global Politics is her third book.
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- By: Fareed Zakaria
- Narrated by: Fareed Zakaria
- Length: 9 hrs and 29 mins
- Unabridged
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Here is the New York Times and international best seller, revised and expanded with a new afterword. This is the essential update of Fareed Zakaria's analysis about America and its shifting position in world affairs. In this new edition, Zakaria makes sense of the rapidly changing global landscape. With his customary lucidity, insight, and imagination, he draws on lessons from the two great power shifts of the past 500 years - the rise of the Western world and the rise of the United States - to tell us what we can expect from the third shift, the rise of the rest.
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S/B req reading for every man, woman and child...
- By Kopernicus on 10-20-11
By: Fareed Zakaria
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Red Flags
- Why Xi's China Is in Jeopardy
- By: George Magnus
- Narrated by: Derek Perkins
- Length: 9 hrs and 59 mins
- Unabridged
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Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.
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A pessimistic vision with western liberal bias
- By Jeronimo L. Jimenez on 10-23-20
By: George Magnus
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China Goes Global
- The Partial Power
- By: David Shambaugh
- Narrated by: Mark Ashby
- Length: 13 hrs and 36 mins
- Unabridged
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Most global citizens are well aware of the explosive growth of the Chinese economy. Indeed, China has famously become the "workshop of the world." Yet, while China watchers have shed much light on the country's internal dynamics - China's politics, its vast social changes, and its economic development - few have focused on how this increasingly powerful nation has become more active and assertive throughout the world.
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Good summary of China's recent developements
- By Ernest on 12-29-13
By: David Shambaugh
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The Third Revolution
- Xi Jinping and the New Chinese State
- By: Elizabeth C. Economy
- Narrated by: Jo Anna Perrin
- Length: 11 hrs and 3 mins
- Unabridged
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Eminent China scholar Elizabeth C. Economy provides an incisive look at the transformative changes underway in China today. Chinese leader Xi Jinping has unleashed a powerful set of political and economic reforms: the centralization of power under Xi himself; the expansion of the Communist Party's role in Chinese political, social, and economic life; and the construction of a virtual wall of regulations to control more closely the exchange of ideas and capital between China and the outside world.
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A decent synopsis of Xi Jinping and his polices
- By Yoda on 04-29-19
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Putinomics
- Money and Power in Resurgent Russia
- By: Chris Miller
- Narrated by: Traber Burns
- Length: 8 hrs and 4 mins
- Unabridged
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In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth.
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Go find something better
- By Anonymous User on 08-04-21
By: Chris Miller
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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Building the New American Economy
- Smart, Fair, and Sustainable
- By: Jeffrey D. Sachs, Bernie Sanders - foreward
- Narrated by: Rudy Sanda
- Length: 4 hrs and 13 mins
- Unabridged
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With a nation seemingly more divided than ever, many worry that Americans risk losing ground on solving the complex, interrelated problems the country faces - including rising inequality, the specter of climate change, astronomical health care costs, and economic stagnation. The renowned economist Jeffrey D. Sachs offers a practical approach to move America toward a new consensus: sustainable development.
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If only....
- By Baboo TH on 01-24-18
By: Jeffrey D. Sachs, and others
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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The End of Power
- From Boardrooms to Battlefields and Churches to States, Why Being In Charge Isn't What It Used to Be
- By: Moises Naim
- Narrated by: Matt Kugler
- Length: 12 hrs and 59 mins
- Unabridged
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In The End of Power, award-winning columnist and former Foreign Policy editor Moisés Naím illuminates the struggle between once-dominant megaplayers and the new micropowers challenging them in every field of human endeavor. Drawing on provocative, original research and a lifetime of experience in global affairs, Naím explains how the end of power is reconfiguring our world.
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Another Power book
- By Anonymous User on 04-12-24
By: Moises Naim
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The Future Is Asian
- Commerce, Conflict and Culture in the 21st Century
- By: Parag Khanna
- Narrated by: Nezar Alderazi
- Length: 14 hrs and 21 mins
- Unabridged
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In the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, in the 21st century, the world is being Asianized. The “Asian Century” is even bigger than you think. Far greater than just China, the new Asian system taking shape is a multicivilizational order spanning Saudi Arabia to Japan, Russia to Australia, Turkey to Indonesia - linking five billion people through trade, finance, infrastructure, and diplomatic networks that together represent 40 percent of global GDP.
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Bigoted, jingoistic, ethnocentric
- By SEAN on 03-08-19
By: Parag Khanna
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The World Turned Upside Down
- America, China, and the Struggle for Global Leadership
- By: Clyde Prestowitz
- Narrated by: Paul Heitsch
- Length: 13 hrs and 24 mins
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When China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures would liberalize China and make it "a responsible stakeholder in the liberal world order". But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist. In this book, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them.
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Informative and engaging
- By Christopher P Pratt on 02-28-21
By: Clyde Prestowitz
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The Dragon's Gift
- The Real Story of China in Africa
- By: Deborah Brautigam
- Narrated by: Pam Ward
- Length: 14 hrs and 45 mins
- Unabridged
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In the last few years, China's aid program has leapt out of the shadows. But China's tradition of secrecy about its aid fueled rumors and speculation, making it difficult to gauge the risks and opportunities provided by China's growing embrace. This well-timed book, by one of the world's leading experts, provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy.
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The Book Is Too Much To Digest
- By DING MING YING 丁明英 on 05-15-20
What listeners say about Windfall
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Ronald
- 01-23-18
Great subject, tedious text, mediocre performance
What did you like best about Windfall? What did you like least?
I studied oil and gas economics in two college electives in 1973. It's an amazingly fascinating subject that blends technology, political economy, and finance. I was looking forward to this book after seeing it reviewed in the NY Times, but found it merely adequate. The text is much longer than necessary. The repetitiveness of many concepts would be good for teaching a beginners' course but simply gets tedious. The reader (these credits are the first on an audiobook when I've heard one mentioned as "a member of SAG/AFTRA" ) has a schoolmarmish tone that seems detached from the content of the text.
Any additional comments?
Anytime I see a book about energy economics, I feel bound to read it. Windfall helped me think through how "the new energy abundance" might affect strategic calculations between world powers. But I honestly could not wait for it to end owing to the performance and the repetititveness. Also, I accept that the author worked for the GW Bush administration, but she never seems to confront the major issue of what it means for civilization when all the greenhouse gases are released from newly available oil and natural gas, including of course methane leaks.
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- Auren Hoffman
- 09-26-17
Meghan O'Sullivan is the next Daniel Yergin
What made the experience of listening to Windfall the most enjoyable?
Windfall is 2017 version of The Prize (by Daniel Yergin). a tour of energy from around the globe.
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- chetyarbrough.blog
- 07-11-23
FOSSIL FUELS
Meghan O’Sullivan offers an intelligent but flawed view of today’s world. It is true that energy is critical for economic growth and improved human life. It is also true that energy need and development cause international conflicts in the post-industrial world. O’Sullivan does a masterful job explaining the role of energy, noting its cost while explaining fossil fuels are at a turning point in history. Fossil fuel prices fluctuated dramatically in the 20th century, but O’Sullivan suggests the trend in the 21st century, despite the rise between 2000 and 2008, will trend downward for three reasons. One is the recognition of energy’s environmental consequence and conservationists’ political response; two, energy’s extraction is becoming less costly for most fossil fuels. And three, technological advancement offers alternative sources of energy. What O’Sullivan correctly notes is that energy will remain a driving force behind international relations. However, her argument is flawed by suggesting governmental restrictions on discovery and growth of fossil fuels should be weakened. Even in the few years since publication of O’Sullivan’s book, the science of fossil fuel pollution is showing accelerating global warming with potential for a “no-return” human’ consequence. Global warming seems self-evident. That evidence does not change O’Sullivan’s insight to the outsize role energy plays in the real-politic world of today, yesterday, and tomorrow.
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- Easycfp
- 10-05-18
A super-sized editorial
There's a lot not to like about this book. If you accept that it has an agenda, it's tolerable.
Here's a paraphrase from the book to illustrate the point.
"Industry should consider environmental regulations as dual purpose; they both protect the environment and help companies maintain the social license to operate. Happily a number of initiatives have identified a number of best practices that can help ensure the development of tight oil and gas in a sustainable way."
According to the author, Michael Porter of HBS said that these practices would only cost a nominal amount, 1-2% of the lifetime revenues of the well, less than the average daily change of the spot price at the Henry Hub. Unfortunately the lifetime revenues of the well are realized over 25-plus years, not Immediately, when the cost of these practices would be borne by the oil company.
Consider a Bakken well in North Dakota. It might cost about $5 million to drill and complete. The average flow for the first 3 years should be 1,000 barrels a day. Production thereafter will diminish so sharply that about half the oil the well will ever produce will come during these first few years. At $70/bbl the well could be expected to yield $75 million of revenue during these 3 years, and another over the next two-plus decades. If it costs 1.5% of lifetime revenues for these practices, they would add $2.25 million to the cost of the well--an increase of 45% in the cost to drill it. It sounds reasonable the way Porter describes it, but is it?
By the way, daily fluctuations in Henry Hub spot price are irrelevant. They move the price both up and down, alternately hurting and helping the producer. Costs only hurt.
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