The Biden administration claims the oil market is undersupplied. OPEC, market watchers, and even Biden’s own Energy Information Administration disagree. What do the numbers say?
The U.S. oil, gas and coal industry largely rose and fell based on global economic and energy market conditions rather than federal energy and environmental policies implemented by the Trump administration, write the authors. As the world recovers from the COVID-19 pandemic, they expect markets to continue to shape the future of the oil and gas industry. Read more on the Baker Institute Blog.
Rather than offer a forecast that may overstate or understate Covid-19's impact on the U.S. and global economy, the authors highlight what to look for as the pandemic progresses, recedes or oscillates.
The unintended consequences of tougher U.S. sanctions on Iran continue to accumulate, including stronger ties between Saudi Arabia and Russia and an expansion of Russian geopolitical power, graduate fellow Peter Volkmar writes in a post for the Forbes blog: http://bit.ly/2CS9FE5.