It’s not enough to balance supply and demand—petrostates need to contend with crude in storage, as well.
London is using both carrot and stick to keep offshore oil output up.
The EIA doesn’t see crude prices rising significantly next year.
America’s rig count is rising, and it’s only going to climb further after OPEC’s decision to cut output.
Moscow just promised to cut its oil output, but that promise rings hollow.
OPEC just cut its oil output for the first time since 2008. America may emerge the biggest winner.
Don’t count out these offshore projects just yet.
America’s recent election could make OPEC’s proposed production cut even more irrelevant.
Ahead of a planned output cut, petrostates are jealously protecting market share.
If the Saudis don’t bite the bullet next month, the cartel’s relevance will fade significantly.
The Trump Administration is likely to comply.
The millennial urban boom may be coming to a close. This could have major consequences for America’s politics and geography.
No, probably not. But President Trump may have trouble lifting them in the first place.
TPP, NAFTA, and a special deal with the UK: Trump’s first week will be a busy one.
Eliot Cohen’s new book presents a nuanced and compelling defense of hard power.
Regular readers know the answer: not very effective at all.