How did the pandemic impact energy markets around the world? The results of this year's bp Statistical Review of World Energy show how the U.S. led the widespread decline in energy production, oil was the energy type most impacted by shutdowns, and global trade for fossil fuels fell more rapidly than production.
Today’s oil market contains not one, but two prisoner’s dilemmas: traditional OPEC+ members, policed by Saudi Arabia, and a new dilemma with U.S. shale producers, policed by their investors. This boosts the prize for cooperative behavior but also raises new risks. Energy fellow Mark Finley explains.
Mexico's pivotal June 6 elections brought critical losses to President Andrés Manuel López Obrador and his MORENA party. What do they mean for the Mexican people and the U.S.-Mexico relationship? Tony Payan analyzes the election outcome in this commentary.
Texans served by regulated electricity markets, especially by electric cooperatives, were much more satisfied with their providers’ performance during Winter Storm Uri than those in deregulated markets. In this post for the Baker Institute Blog, the authors offer possible explanations for the contrast in favorability.
Mark P. Jones, Pablo M. Pinto, Renee Cross, Kirk P. WatsonMay 11, 2021
Despite the demand for policies that mitigate the impact of severe weather, a majority of Texans seem opposed to one that requires consumers to pay for reserve electrical generation capacity.
Mark P. Jones, Pablo M. Pinto, Renee Cross, Kirk P. WatsonMarch 30, 2021
The relationship between President Joe Biden and Mexico's President Andrés Manuel López Obrador has not been easy, and emerging trade issues are about to make it worse.
What are Mexico's prospects for immigration, trade and more, after President Andrés Manuel López Obrador's virtual meeting with President Biden? "Mexico will have to do some heavy lifting," predicts Tony Payan, director of the Center for the United States and Mexico.
Electricity is the new oil when it comes to energy security, writes Mark Finley, fellow in energy and global oil. The immediacy of power outages and the ubiquity of critical elements of modern life powered by electricity mean the impact of oil supply disruptions are a walk in the park compared to our power vulnerabilities.
U.S. oil refiners have had a great run this century. But market events in 2020 signal changes to come that will challenge the industry’s global competitiveness, writes fellow in energy and global oil Mark Finley.