Saudi Arabia’s newfound willingness to take a stand against oil quota cheats has forced the rest of OPEC+ to adhere to their quotas. Will today’s discipline – driven by the biggest-ever plunge in oil demand – fade alongside the virus? Read more in the Baker Institute Blog.
Energy fellow Michelle Michot Foss interviews Bernard Duroc-Danner, the former CEO of EVI, Grant Prideco & Weatherford, to explore the strategic shifts for businesses in the oilfield services (OFS) industry and to address how the OFS industry must restructure itself.
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.
Once the Covid-19 pandemic has subsided, the new Israeli government will face serious flaws in, among other things, the territorial dimensions of President Trump's “Deal of the Century,” writes Middle East fellow Gilead Sher for the Baker Institute blog: https://bit.ly/2VvkBPw
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
The authors discuss a U.S. House proposal to repeal the cap on the state and local tax deduction and why that would be a mistake, especially given the pandemic and the policy responses that should be enacted. Baker Institute Blog: https://bit.ly/3e3qHix
International and domestic oil and gas markets and prices are under heavy pressure from COVID-19 impacts and the Russian-Saudi Arabia oil market battle. With, all eyes are on U.S. domestic producers, especially those occupying the shale patch, Michelle Michot Foss, fellow in energy and minerals, provides some important considerations for the U.S. oil and gas industry. Forbes Blog: http://bit.ly/2WqVEqt
Despite the Trump administration sentiment that the U.S. partner with Saudi Arabia in a joint oil alliance, such an approach is unlikely to be successful, write energy fellows Jim Krane and Mark Finley. Forbes blog: https://bit.ly/2WUa6rb
The populist government under President Andrés Manuel López Obrador has largely discounted the threat of COVID-19, and the true extent of the outbreak Mexico may not yet be known. If conditions significantly change for the worse, the president faces not only a public health crisis but also the possible undoing of the country's populist experiment.
