Experts in the News

“A fat cash infusion is just the ticket to pay for the Persian Gulf’s big plans to diversify their economies without antagonizing anyone with new taxes,” said energy fellow Jim Krane. "On the flip side, inflation will sting consumers and weigh on global growth."

Higher U.S. gas prices can be linked to Russia's attack on Ukraine, said energy fellow Jim Krane. "Gas prices in the U.S. respond really quickly to the geopolitical stress. So it doesn't matter where it happens, that's going to play out in the U.S."

Energy fellow Jim Krane said that oil and gas drilling in the Gulf of Mexico is the “wrong target” for opponents of fossil fuels, since it’s less carbon intense than oil produced onshore through fracking. He suggests a carbon tax instead.

Tensions between Russia and Ukraine and Houthi drone strikes in the United Arab Emirates have both impacted the oil market, said energy fellow Jim Krane. How will high oil prices affect Houston's economy?

Though still set to boost oil production after meeting on Thursday, "OPEC is smart to prime its membership for the possibility of a U-turn" amid the pandemic, said fellow Jim Krane. "But a change in strategy right away might’ve unduly upset the Biden administration."