Oil

Article

Falling Oil Prices, the Saudis, and the Soviets

Author: Stephen Sestanovich
Wall Street Journal

With oil prices collapsing, Saudi Arabia is facing similar problems that the Soviet Union faced decades ago. Saudi policymakers’ economic reform strategies also echo those of  Mikhail Gorbachev. However, different from Gorbachev’s Soviet Union, Saud Arabia’s foreign policy is both confrontational and interventionist. Saudi seeks change, but hopes to keep it in bounds, and may want the world to remain a dangerous place.

See more in Saudi Arabia; Oil; Russian Federation

Other Report

Fiscal Breakeven Oil Prices: Uses, Abuses, and Opportunities for Improvement

Authors: Blake Clayton and Michael A. Levi

Fiscal "breakeven" oil prices have become popular among analysts and decision-makers as indicators of oil-producing countries' economic and political stability, but there are limits to the insights that breakeven prices provide. Blake Clayton and Michael A. Levi assess the potential value and most important pitfalls involved in using fiscal breakeven oil prices.

 

See more in Global; Oil; Economics

Audio

Saudi Arabia: A Look Ahead

Speakers: Helima Croft, F. Gregory Gause III, and Sarah Leah Whitson
Presider: Ethan Bronner

Experts discuss Saudi Arabia’s leadership transition and what it means for policymaking, oil prices, and human rights.

See more in Saudi Arabia; Human Rights; Oil

Event

Saudi Arabia: A Look Ahead

Speaker: F. Gregory Gause
Speaker: Helima Croft
Speaker: Sarah Leah Whitson
Presider: Ethan Bronner

Experts discuss Saudi Arabia’s leadership transition and what it means for policymaking, oil prices, and human rights.

See more in Saudi Arabia; Human Rights; Oil

Video

Saudi Arabia: A Look Ahead

Speakers: Helima Croft, F. Gregory Gause III, and Sarah Leah Whitson
Presider: Ethan Bronner

Experts discuss Saudi Arabia’s leadership transition and what it means for policymaking, oil prices, and human rights.

See more in Saudi Arabia; Human Rights; Oil

Article

Weekend Reader: 'Market Madness: A Century of Oil Panics, Crises, and Crashes'

Author: Blake Clayton
The National Memo

In Market Madness: A Century of Oil Panics, Crises, and Crashes, stock analyst Blake C. Clayton tempers the craze surrounding oil exhaustion through a combination of historical investigation and sober, persuasive analysis. His book is a lucid, credible riposte to apocalyptic ravings about “peak oil.” Clayton examines how such panics have persisted through the decades, all unfounded, yet devastating to the market. Market Madness enjoins consumers, policymakers, and brokers to abstain from hysteria and remain informed about what the future of energy truly holds.

See more in Global; Oil

Op-Ed

Why the Oil Price Drop Matters

Author: Michael A. Levi
World Economic Forum

After three years of unusual stability around $100 a barrel, oil prices fell steeply in the second half of 2014, dropping from $115 a barrel in June to around $60 by December. With oil critical to national economies, international security and climate change, what does the apparent new world of oil mean?

See more in Global; Oil

Book

Market Madness

Author: Blake Clayton

CFR adjunct fellow Blake Clayton draws on a century's worth of statistical data to offer a revolutionary new look at volatility and crisis in oil markets. Clayton explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and demonstrates the significant effects these stories have on financial markets.

See more in Global; Financial Markets; Oil