Publications: Papers
SPR Provides Antidote to Financial Contagion (Energy Intel, April 14, 2022)
The coordinated releases of strategic reserves by several International Energy Agency member countries have been widely panned as political gestures aimed at mollifying consumers. The critics are mistaken. The public justifications given for the releases were meant to disguise the real reason: preventing financial contagion. Financial markets were hurtling toward what could have been a 2008-type financial collapse before the US announced on Mar. 31 that it would release 180 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) between April and October. The news of these oil sales eliminated the financial strain. The Opec delegates, reporters and analysts who follow energy markets fell for the ruse. One potential consequence of the need to draw down finite strategic reserves to ensure financial stability is that it will force major industrialized countries to end their reliance on oil more quickly — an outcome some will applaud and others lament. Read more here.
- Papers
- America's Energy Path Forward (TIE, Fall...
- Are Oil Futures Dying? (WEO, December 10...
- Accelerating Net-Zero Goals (January 14,...
- SPR Provides Antidote to Financial Conta...
- Striking Diesel/Jet Fuel Shortages Are C...
- Economic Energy Cancer (TIE, Summer 2022...
- Did Yellen Break OPEC? (TIE, Winter 2023...
- On the Eve of Destruction (TIE, Spring 2...
- America's Energy Path Forward (The Inter...
- This Time Is Different (TIE, Fall 2021)
- This Time Is Different (WEO, October 14,...
- Likely Impact of ICE Futures Abu Dhabi C...
- At the Speed of Light (TIE, Spring 2021)
- A Strategy for Stabilizing Oil Prices (T...
- The Implications of Oil's Surprising Col...
- Renewable Fuel Standard Program: Measuri...
- The 2019 Economic Downturn (TIE, Fall 20...
- The Death of Resource Constraints (Janua...
- Brent Is Dated (February 2018)
- Surviving Big Oil's Collapse (TIE, Fall ...
- Border Adjustment Import Taxation (Decem...
- America's Wage Problem (Fall 2014)
- Gathering Storm II (Fall 2015)
- QE and Oil Prices (Spring 2015)
- Oil Markets on the Brink (Fall 2014)
- Understanding California's Global Warmin...
- Analysis of Recent CFTC Position Limit P...
- The Renewable Fuel Standard: How Markets...
- The End of the Oil Crisis (The Internati...
- What Are the Chances the United States B...
- Impact of a Middle East Oil Export Disru...
- Decline in US Gasoline Consumption Accel...
- The Amazing Tale of US Energy Independen...
- Regulating Oil Prices to Infinity (Augus...
- Exercises in Random Numbers (March 12, 2...
- Using US Strategic Reserves to Moderate ...
- Alternative Eurozone Bailout (The Intern...
- Strengthening Sanctions on Iran with Str...
- Rising Crude Oil Prices: The Link to Env...
- The Keystone XL Pipeline: OPEC’s Troja...
- Blundering to $300 per Barrel (The Inter...
- Forty Years of Folly: The Failure of US ...
- Don’t Kill the Oil Speculators: How Co...
- The Global Recovery’s Soft Underbelly:...
- Explaining the 2008 Crude Oil Price Rise
- The Oil-Dollar Link: The Fed, Hedge Fund...