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.
Energy and environment fellow Rachel A. Meidl discusses how the Covid-19 pandemic is disrupting the waste, plastic, and recycling industries. In response, she stresses the need for a systems-level approach. Forbes blog: https://bit.ly/3cDbseB
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
"In a changing competitive environment, which the recent events affecting the global oil market clearly represent, a greater focus on ensuring and maintaining fair and open competition is critical to the long-term health of the market," said the authors in a written statement to the Texas Railroad Commission.
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
"This pandemic and looming economic crisis will affect all of us ... The sooner we relearn how to set aside our differences and unite during this difficult moment, the stronger we will emerge from it," writes former Secretary James A. Baker, III.
Understanding the strategic and tactical considerations of Saudi Arabia will be the key factor for the success of U.S. policy in the wake of the oil price crash and Covid-19 outbreak.
Mark Finley, Jim Krane, Kenneth B. Medlock IIIApril 5, 2020
An increasing number of lawful permanent U.S. residents from Mexico could lose access to their U.S. social security contributions as a result of deportation.