Why the U.S. is a Spoiler for OPEC’s Plan to Raise Oil Prices
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 Oil Supplies Are One More Challenge for OPEC+
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.
Video Spreads False Notion of Unlimited Oil Supply
“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.”
Oil Prices Are Plummeting as the Banking Crisis Unfolds
Fellow Mark Finley says analysts have been bracing for Russia to cut production in response to Western sanctions on Russian energy commodities. “But that hasn’t been the case so far,” Finley said. “Russia has been able to find new markets for its oil.”
Peak Gasoline Heralds Price Shocks for Drivers, Inflation Headaches
U.S. gasoline demand has peaked, with further declines in demand forecast for this year and next. The milestone will have "significant implications for consumers, inflation [and] politics," said fellow Mark Finley. "All in all, a big deal — over time."