The staggering collapse in Venezuela's oil and gas industry has renewed calls for liberalizing reforms. But a democratic transition and legal reforms may not be enough to attract the large investments needed.
Despite its massive geological endowment and receiving what could be considered the largest windfall in its economic history, Venezuela entered 2020 in the middle of an unprecedented economic crisis. The Covid-19 pandemic and turbulence in oil markets represent the latest in a string of problems that expose the country’s vulnerability.
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.
Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash by increasing taxes and slashing subsidies in ways Saudi citizens once considered unthinkable.
The authors present a case study that considers the technological merits of methane pyrolysis while also addressing real-world implications including health and safety risks and commercial risks for introducing new carbon supply chains.
This issue brief is a preliminary paper introducing forthcoming research that will be expounded upon in future publications.
DOI: https://doi.org/10.25613/7tvg-6k39
The author explains the unexpected price collapse for oil in spring 2020, elucidating how the market reacted to oversupply after a sudden drop in demand amid COVID-19 shutdowns. Read more on the Baker Institute Blog.
This post originally appeared on the Forbes blog on April 21, 2020.
Legislation regulating commercial transport by ship is impeding economic development and growth, the authors write. Read the post on the Baker Institute Blog.
This post originally appeared in the Forbes blog on April 9, 2020.
Kenneth B. Medlock III, Michelle Michot Foss, Anna B. Mikulska, Ted Loch-TemzelidesApril 9, 2020
Current gloom notwithstanding, oil will likely remain the world’s most important energy resource for multiple decades, says energy fellow Gabriel Collins. Baker Institute blog: https://bit.ly/34fV3d1
Nonresident scholar Isidro Morales argues that the best way to improve Mexico's energy autonomy, with political clout for the state, is to back the resiliency of its energy systems, in both fossil and non-fossil fuels.