Oil

Foreign Affairs Article

Beyond Break-Even Prices

Author: Michael A. Levi

When oil prices plunged in 2014, many analysts predicted that major exporters would have to drastically cut supply or else risk fiscal and geopolitical instability. Michael Levi explains why these predictions have been proven wrong.

See more in Global; Oil; Financial Markets

Foreign Affairs Article

Vindicating Volatility

Authors: Michael A. Levi and Robert McNally

While oil prices over the last three years were the smoothest in decades, volatility is back and here to stay argue Michael Levi and Robert McNally. Levi and McNally explain how price fluctuations, rather than high prices, endanger global economic growth.

See more in Global; Oil

Foreign Affairs Article

Reverse the Curse

Authors: Karol Boudreaux, Tiernan Mennen, Larry Diamond, and Jack Mosbacher

Larry Diamond and Jack Mosbacher ("Petroleum to the People," September/October 2013) rightly observe that the coming oil boom in Africa is, paradoxically, a frightening prospect for the continent's poor and marginalized.

See more in Africa (sub-Saharan); Oil