Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Two Cheers for Expensive Oil

Author: Leonardo Maugeri
March/April 2006
Foreign Affairs

Share

Prices of crude oil are high these days not because oil reserves are waning -- in fact, they are plentiful -- but because inadequate refining capacity has limited the quantity of crude available on the world market. And high prices come with an upside: they could convince the oil industry to invest in new capacity.

Read full article at ForeignAffairs.com.

More on This Topic

Event

A Conversation With Eric Cantor

Eric Cantor discusses the challenges and opportunities facing U.S. global leadership, specifically U.S. foreign policy and its implications...