Ken Medlock explains why the price of WTI crude collapsed into previously unchartered, negative territory on April 20, 2020, and what to expect next. Read his post in the Baker Institute Blog.
This blog originally appeared in Forbes on April 21, 2020.
Electricity is the new oil when it comes to energy security, writes Mark Finley, fellow in energy and global oil. The immediacy of power outages and the ubiquity of critical elements of modern life powered by electricity mean the impact of oil supply disruptions are a walk in the park compared to our power vulnerabilities.
U.S. oil refiners have had a great run this century. But market events in 2020 signal changes to come that will challenge the industry’s global competitiveness, writes fellow in energy and global oil Mark Finley.
Energy fellows Mark Finley and Anna Mikulska explore why U.S. natural gas prices have increased during the COVID-19 pandemic, even as gas prices in Europe and Asia have remained relatively low.
Energy fellow Mark Finley assesses the future of international oil companies given the tremendous pressure they've experienced since the COVID-19 pandemic emerged. Using a football analogy, he suggests that although business leaders are rightly focused on winning the game, they can’t ignore the condition of the playing field.
The liquefied natural gas (LNG) industry faces increasing pressure to do more to achieve climate change objectives. A new product—Green LNG—could help ensure that natural gas keeps its role in the energy transition, if the LNG industry can convert Green LNG into a uniform, tradable commodity, write the authors.
Kenneth B. Medlock III, Steven R. Miles, Marcia HookOctober 27, 2020
Mark Finley, fellow in energy and global oil, examines cost reduction, capital climate, productivity gains and decline rates as reasons why the U.S. shale industry may struggle to maintain its competitiveness in 2020. Baker Institute Blog: https://bit.ly/3lAyB6R
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.
A social safety net in the form of unemployment benefits, job training, etc. can help cushion the blow for workers when economic events beyond their control (like the Covid-19 pandemic) cause companies to shed workers, writes Mark Finley, fellow in energy and global oil.