Research Library

Mark Finley reviews the 2022 edition of the bp Statistical Review of World Energy.

Though the OPEC+ group has agreed to accelerate planned oil production increases, the move will likely do little to reduce prices at the pump, despite a major U.S. concession, writes author Mark Finley — and Russia appears to support the plan. Read more on the Baker Institute Blog.   This article originally appeared in the Forbes blog on June 6, 2022.

The Saudi leadership has repeatedly rebuffed requests from President Biden and leaders of oil-importing countries to accelerate production increases. But recent price differentials could signal an intent to quietly steer crude into Europe to replace Russian supplies, writes the author. Read the post on the Baker Institute Blog.  This article originally appeared in the Forbes blog on May 4, 2022.

The authors evaluate the global oil market's ability to deal with a disruption of Russian production and exports after Russia's invasion of Ukraine.

The authors take a realistic look at what's needed for the global energy transition to succeed and warn that moving away from fossil fuels too quickly could backfire — stranding climate progress in the so-called “valley of death.”

Many climate policy approaches place a disproportionate burden on lower-income families, writes fellow Mark Finley. Political leaders have started to recognize that climate policy must approach fossil fuels and energy transition as an “AND”, not an “either/or”, and that the distributional impact of policy must also be addressed. Read more on the Baker Institute Blog. This post originally appeared in the Forbes blog on January 26, 2022.

In October the UAE declared a goal of reaching net-zero emissions by 2050. That goal seems incredibly lofty for an oil-dominated economy, but the UAE's particular advantages may uniquely suit the task, energy fellow Jim Krane explains in this week's Forbes post.

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?

Amid recent disputes on oil trade, "fractious Saudi-UAE relations are ... better understood as a return to the pre-2015 status quo than a unique diplomatic breach," write Jim Krane and Kristian Coates Ulrichsen.