Oil

Must Read

NYT: OPEC Says It Will Cut Oil Output

Authors: Nelson Schwartz and Jad Mouawad

Stung by what it called “a dramatic collapse” in crude prices, the OPEC cartel said on Friday that it would reduce output by a steeper-than-expected 1.5 million barrels a day.

See more in Oil; Global

Analysis Brief

Cutting Back on Fuel Subsidies

Author: Toni Johnson

Many countries are reducing or ending fuel subsidies in the face of high fuel costs and the spreading financial crisis. Though the cuts may prove unpopular, some experts say they could help ease global oil demand.

See more in Global; Food Security; Oil

Must Read

Chatham House: The Coming Oil Supply Crunch

Author: Paul Stevens

This report argues that unless there is a collapse in oil demand within the next five to ten years, there will be a serious oil 'supply crunch' - not because of below-ground resource constraints but because of inadequate investment by international oil companies (IOCs) and national oil companies (NOCs).

See more in Oil; Global

Op-Ed

The Whale Oil Economy

Author: Michael J. Gerson
Washington Post

Writing from within the Arctic Circle, Michael Gerson, describes the harsh realities of an ecosystem being tangibly changed by the climate disruption that stems from global warming.

See more in Climate Change; Arctic; Oil

Analysis Brief

Tapping Iraq’s Oil

Author: Lee Hudson Teslik

Iraq says it wants to sell oil contracts to foreign energy firms. The potential impact on energy markets could be large, but practical and political obstacles still prevent rapid production increases.

See more in Iraq; Oil

Op-Ed

The Wrong Way to Kick An Oil Habit

Author: Michael J. Gerson
Washington Post

Punishing American oil companies for the global energy crisis will only reinforce America’s dependence on foreign oil and augment the massive transfer of wealth to rich, oil producing countries like Saudi Arabia and U.A.E., argues Michael Gerson.

See more in Middle East and North Africa; Oil

Analysis Brief

Speculating on Oil

Author: Toni Johnson

The rise of oil prices prompts calls for policy fixes, sparking heated debate among investors, politicians, and the energy industry.

See more in Oil; Global