Publications: The Petroleum Economics Monthly
Putting a Finger in the Oil Market Dike (April 2017)
Our cover for this report shows an anonymous sheik attempting to hold back the sea of oil created by financial innovation by desperately sticking a finger into the leaking dike. OPEC's problem is akin to that of low-lying nations that may be submerged by global warming, that is, financial innovation is to the oil market what global warming is to countries such as the Maldives. Saudi oil minister Khalid Al-Falih has committed to "doing whatever it takes" to bring order to the oil market. Ironically, as we explain, doing what it takes requires Saudi Arabia and other producers to take their cue from central bankers and state a specific price increase target, boost output, and let markets work freely. Low-cost oil producers such as Saudi Arabia, Kuwait, Iran, Iraq, Russia, Norway, and the United States will do best if the sheik pictured on our cover pulls his finger from the dike and lets high-cost producers be flooded while giving the world a believable price trajectory.
- The Petroleum Economics Monthly
- The Failure of Traditional Oil Market Fu...
- Will Investor Aversion Bring Higher Oil ...
- The Hedge Fund War on Fracking (August 2...
- IMO 2020: Implications for Crude (Januar...
- Understanding Price Behavior During Oil ...
- $200 Crude, the Economic Crisis of 2020,...
- IMO 2020: Economic Prospects (June/July ...
- Brent Is Dated (November/December 2017)
- The United States: Center of the Global ...
- A Tale of Two Markets (September 2017)
- The Triumph of Markets (August 2017)
- Twilight of Big Energy (July 2017)
- Failure to Learn from History: The Produ...
- A Lesson in Disruption (May 2017)
- Putting a Finger in the Oil Market Dike ...
- Oil's Johnny One-Note (March 2017)
- The Don Quixotes of Oil (February 2017)
- Markets Take Over (January 2017)