Research Library

Fifty years after the 1973 oil embargo, Baker Institute Edward P. Djerejian Center for the Middle East and Center for Energy Studies hosted a conference to examine lessons learned from the embargo and their renewed relevance for today’s energy crises. Featuring remarks from His Royal Highness Prince Turki Al Faisal Al Saud, the conference also included expert panels with industry leaders, other former policymakers, and academics.

Mark Finley explains the cost-benefit analysis behind the Saudi government's recent move to pause plans to increase spare oil production capacity — and why spare capacity still equates to power in the oil market.

OPEC+ cuts — including additional voluntary cuts, most importantly by Saudi Arabia — look set to significantly tighten the oil market this year.

When the OPEC+ group met last week and agreed to extend production cuts through the first quarter of 2024, the market was unimpressed. Fellow in Energy and Global Oil, Mark Finley, outlines the meeting’s outcomes and discusses why the recent agreement “could augur a year of difficult meetings ahead” in a new commentary.

Global leaders met in Dubai this month for the 28th annual United Nations Conference of the Parties on climate change — known as COP28. In the lead-up to the conference, our expert panel broke down the key political and policy issues at play. 

Almost all of the progress the U.S. has made toward its Paris Agreement target for 2025 has come from falling CO2 emissions from energy use. But greater declines in other greenhouse gas emissions are needed to reach our goal, writes fellow Mark Finley.

Like the 1973 embargo, today’s crises have rendered the future of energy massively uncertain, write fellows Jim Krane and Mark Finley.

Mark Finley offers a cheat sheet summarizing Gulf Coast energy data for the this year's hurricane season.

The Russian invasion of Ukraine unleashed the use of energy resources as geopolitical “weapons.” But oil and natural gas have followed markedly different paths over the past year, with unexpected results. Why? And what lessons can policymakers learn from these experiences?