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
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
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
Oil prices have recovered a bit and we’re beginning to see signs of a realignment in demand and supply. Oil producers and industry analysts are cautiously beginning to ask whether we’ve turned a corner? Maybe…but maybe not. Continue Reading
The U.S. government should focus even more closely on maintaining a fair and open competition. Some companies will succeed, others will fail, but overall, investors – and the whole country – will adapt and be better off. The ability to fail is one of the secret weapons of our system. Continue Reading
The notion that the U.S. should partner with Saudi Arabia in a joint “oil alliance” is “one of the more absurd policy suggestions that we’ve seen since the coronavirus began eating away at oil prices,” write authors. Read more to learn why. Continue Reading