Although the Persian Gulf population has long been accustomed to some of the lowest energy prices in the world, subsidized energy prices have exacerbated domestic consumption and threaten to undermine oil and gas exports. A study by energy fellow Jim Krane suggests that large segments of the Gulf public may be more amenable to necessary reforms of damaging subsidies than the caution in regional policymaking implies.
Krane's article appears as a chapter in the book "The Economics and Political Economy of Energy Subsidies," edited by Jon Strand. The book is available for purchase through the MIT Press: http://bit.ly/2aOfp66.
