Author Archives: Bob McNally

Suddenly the global oil market looks a lot less loose….

What a difference a few months makes!  Today’s monthly update from the Energy Information Administration again slashed estimated OPEC spare capacity by roughly 30%, by a whopping 1.5 mb/d less than foreseen in May (chart below).  At 2 mb/d, the … Continue reading

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High time to fix the broken Renewable Fuel Standard

My successor on the Obama White House energy staff Jason Bordoff and I call for fixing the broken Renewable Fuel Standard before it leads to higher gasoline prices. http://www.reuters.com/article/2013/07/26/us-column-bordoff-mcnally-idUSBRE96P13N20130726

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Congress should not allow a tight oil market to stop tougher Iran sanctions

This past week demonstrated that bipartisanship is not dead with regard to one of the most critical geopolitical challenges we face – Iran’s unrelenting and nearly complete defiance world’s demand to stop its illegal and dangerous pursuit of a nuclear … Continue reading

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Squeezing Iran’s oil exports is the right thing to do, but not because the oil market is “loose”

Picking up on the subject of my last post, I fully support ratcheting up sanctions to cut off Iran’s oil exports.  Sanctions do-date have not stopped Iran’s march toward nuclear weapons.  Before resorting to military options we should give coercive … Continue reading

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Quarantining Iran’s Oil Exports Makes Sense No Matter How Loose the Global Oil Market Is

Bravo to these distinguished folks who recently called for sanctions that would cut Iran’s oil exports.  In a similar vein, last June I wrote an FT opinion editorial calling for a quarantine of Iran’s oil exports offset by higher OPEC … Continue reading

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Kampuchea MD, my home

When the Washington Post calls a state out for veering far to the left, that’s saying something.    

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Preventing Iran could be bad for oil prices, but a nuclear Iran would be worse

Matthew Kroenig and I wrote an essay in the new issue of The American Interest examining the overlooked consequences for oil markets, economic growth and political stability should Tehran acquire a nuclear capability.  We concluded they range from “severely jarring … Continue reading

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Chatham House note on US energy policy and my (Republican side) response

Chatham House is doing a series on post-election US policies and its energy note went out last week.  They asked me to write a Republican response.  Both are here.  The Democratic response should appear next week.

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Time to Tighten the Noose on Iran (FT)

My piece in the Financial Times is here.

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Never did, never will

Today’s In the Pipeline email described me as supporting an “explicit price on carbon.” [Ahem....] Let me clarify for the record:  I have not, do not now, and will not support an explicit price on carbon.  Those who know me, … Continue reading

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