Calling it an Era

Today Foreign Affairs published an article I co-authored with Michael Levi entitled “A Crude Predicament: The Era of Volatile Oil Prices” that argues the world has entered an extended period of much large oil price swings because OPEC’s ability to stabilize prices with adequate spare capacity has dissipated in the face of massive demand surge and newly recognized constraints on net oil supply growth. The article goes on to discuss stark implications for economic, energy, and international affairs and policymaking.

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