Experts in the News

"It is such an unfamiliar place for us to be. We haven’t seen the U.S. cutting production since the early 1970s,” said energy fellow Jim Krane about the plunge in oil prices and the pressure to limit the amount of U.S. crude flowing into global markets.

Ever wonder why Saudi Arabia and the Gulf oil states consume so much of their own oil? Or how they're preparing for climate change? Or how they'll survive $20 oil? 

"With any luck, the price war will be called off before the world finds out which petrostate can withstand the most economic damage," wrote energy fellow Jim Krane.

Energy fellow Jim Krane figured that oil prices are already well below the $80-a-barrel level, so the Saudis will need to finance government spending.

"It's not easy to align a slow-moving global industry with a fast-moving virus," said energy fellow Jim Krane of OPEC's move to cut oil production in order to boost prices hit by the coronavirus outbreak.