Experts in the News

“The price of fuel is not that big a deal,” said energy fellow Mark Finley, "but if you look at its impact on consumer confidence, it seems to be a proxy for how you feel about the world in general.”

The president of the United States has no control over the price of our gas at the pump, said energy fellow Mark Finley, who has spent 35 years in the oil and gas industry.

High gasoline prices had an inordinate impact on consumer confidence, said energy fellow Mark Finley. “There is a sense of crisis with people saying, ‘There is something wrong here, and I need to be more careful.’”

The logistics of transport systems mean the U.S. will continue to import oil even when the country produces more than it consumes, said fellow Mark Finley. "The oil and refineries aren't always where the demand is, and it's hard to move supplies thousands of miles across the continent."

Gas prices are set to hit record highs as Russia's invasion of Ukraine disrupts markets and drives up energy costs. Energy fellow Mark Finley explains why prices won't drop soon and the likely impacts of President's Biden's ban on Russian oil imports