Mark Finley is the fellow in energy and global oil at Rice University’s Baker Institute. He has over 35 years of experience working at the intersections of energy, economics and public policy.
Before joining the Baker Institute, Finley was the senior U.S. economist at BP. For 12 years, he led the production of the BP Statistical Review of World Energy, the world’s longest-running compilation of objective global energy data. He also was responsible for the company’s long- and short-term oil market analysis, and he led the global oil market and transportation sector analyses for the long-term BP Energy Outlook.
Prior to joining BP, Finley was an analyst and manager at the U.S. Central Intelligence Agency. He was responsible for assessing the implications for U.S. strategic interests of developments in global oil and other energy markets, as well as analyzing the policies of key oil-producing and -consuming countries. He was recognized for exceptional analytic performance many times, including for oil market analysis during 1990-91 Gulf War. Finley also edited a daily intelligence summary for Cabinet-level U.S. economic policymakers as well as the president’s daily brief, and regularly briefed these summaries and other analysis to senior U.S. officials.
Finley is a senior fellow of the U.S. Association for Energy Economics, and has been recognized for his lifetime contributions to the profession of energy economics. He has held leadership roles in the International Association for Energy Economics, the National Association for Business Economics, and the Conference of Business Economics, and is a member of the Council on Foreign Relations. Finley is a Phi Beta Kappa graduate of the University of Michigan and holds graduate degrees from Northwestern University (in economics) and the George Washington University (in finance).
Contact at email@example.com or 713-348-2217.
OPEC hasn’t been able to exert more control over oil prices partly because of competition from the U.S., said fellow Mark Finley. “The United States, on the back of the shale revolution, has become the biggest producer of oil in the world.”
Iran’s growing oil output poses a challenge for OPEC, which has returned to cutting production in response. In an article for Barron’s, energy fellow Mark Finley writes that while the group might be overreacting to supply threats, its caution is appropriate.
“We’re likely to run out of oil demand before we run out of oil supply,” Center for Energy Studies fellow Mark Finley told AP. “Yes oil is abundant; but abundant reserves don’t automatically translate into cheap prices.”