Saudi Arabia’s newfound willingness to take a stand against oil quota cheats has forced the rest of OPEC+ to adhere to their quotas. Will today’s discipline – driven by the biggest-ever plunge in oil demand – fade alongside the virus? Read more in the Baker Institute Blog.
A social safety net in the form of unemployment benefits, job training, etc. can help cushion the blow for workers when economic events beyond their control (like the Covid-19 pandemic) cause companies to shed workers, writes Mark Finley, fellow in energy and global oil.
As oil prices start to recover, analysts are cautiously beginning to ask whether we’ve turned a corner — but for the weeks ahead, continued inventory builds pose significant risks of renewed price declines.
Energy fellow Mark Finley argues that the best way to support the U.S. oil and gas industry is to promote open and fair competition, even though conventional resources are cheaper to produce in Saudi Arabia and Russia. Forbes blog: https://bit.ly/2wWB3jz
Despite the Trump administration sentiment that the U.S. partner with Saudi Arabia in a joint oil alliance, such an approach is unlikely to be successful, write energy fellows Jim Krane and Mark Finley. Forbes blog: https://bit.ly/2WUa6rb
Coronavirus cases in Texas may grow as the state expands COVID-19 screening and the consequences of delayed decisions to limit public interactions set in. "No one should be surprised lim or panic as the figures roll out," write the authors in the Baker Institute Blog.
Hagop M. Kantarjian, Mary Alma WelchMarch 24, 2020
In the second of a series of blogs on the coronovirus outbreak, the authors sound a note of cautious optimism: "We hope for a relatively optimistic outlook for the COVID-19 pandemic in the United States, with the quick realization of all modifying interventions: earlier and broader testing, strict preventive hygienic and societal measures, a safe and effective vaccine, and effective therapies to treat the virus." Read more at the Baker Institute Blog.
Hagop M. Kantarjian, Leonard ZwellingMarch 19, 2020
The COVID-19 outbreak has now reached pandemic proportions, threatening the health of millions worldwide and adversely affecting the international economy. Understanding the status of COVID-19, its potential impact in the U.S., and the needed preventive measures could save many lives.
Hagop M. Kantarjian, Leonard ZwellingMarch 12, 2020
High cancer drug prices reduce access to therapy, cause treatment abandonment and financial bankruptcies, as well as severe emotional and family distress.