Experts in the News

"Oil is still the only game in town when it comes to moving around the planet, and until that changes, we are going to be using it,” said energy fellow Jim Krane of the oil price boom that is expected to follow the pandemic crash. 

In an online interview, energy fellow Jim Krane spoke about the relationship between the U.S., Saudi Arabia and Russia, in addition to the oil industry's struggles with storage and demand. Krane is the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute. 

Energy fellow Jim Krane talks about the collapse of oil futures, what happened to demand, and how problems in the energy sector affect the larger economy.

"The big winners in the short-run are folks who still manage to consume oil,” said energy fellow Jim Krane of the global deal to cut production. “Since the OPEC+ cuts did almost nothing to boost prices, oil is still near rock-bottom lows.”

"It's a major climbdown for Russia and particularly Saudi Arabia, which picked a terrible time for a price war," energy fellow Jim Krane said of the OPEC+ agreement to cut 10 million bpd in May and June.