The oil boom in the 1970s and early 1980s and the resulting social and economic crisis left policymakers with valuable lessons that, considering today’s conversation around the role of the oil industry in Mexico, should not be overlooked. Continue Reading
OPEC is in fighting form. Since the disastrous Saudi-Russia price war, OPEC has stepped up its game, fixing global oil markets in the midst of an unprecedented demand collapse, and exacting revenge on quota cheaters – just in time for its 60th birthday. Continue Reading
The staggering collapse in Venezuela’s oil and gas industry has renewed calls for liberalizing reforms. But a democratic transition and legal reforms may not be enough to attract the large investments needed. Continue Reading
Prices of natural gas have fallen precipitously in recent months. This could provide an unprecedented opportunity for natural gas importers. But besides the benefits of a buyer’s market, one should also consider the negative effects that ultra-low gas prices can have on the natural gas market. Continue Reading
Who is the world’s largest energy producer? Saudi Arabia? Russia? The United States? — (which is the world’s biggest producer of oil, natural gas and nuclear power). Nope. It’s China … by a long way. Continue Reading
For oil markets the 2020 story is not as much about supply as it is about demand, or rather its lack. But is also about the high level of uncertainty, which makes forecasting a daunting task. Hence, rather than trying to give a forecast, we want to highlight what to look for as this pandemic progresses, recedes, or oscillates. Continue Reading
A social safety net in the form of unemployment benefits, job training, etc. can help cushion the blow for workers when economic events beyond their control (like the COVID-19 pandemic) cause companies to shed workers. Continue Reading