When I published a working paper in 1992 at MIT called “The Fog of Commerce: The Failure of Long-Term Oil Market Forecasting,” many thought the lesson was that forecasting the long-term price of oil ...

The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil ...

Last summer's record-breaking oil and gasoline prices-exceeding $140 per barrel and $4 per gallon-received plenty of attention in Washington and sparked a host of proposed responses from Congress.

It's not only generals who are constantly fighting the last war, it is also most policy makers and researchers. After the Iranian Oil Crisis (1979/80), nearly every oil crisis study was aimed at the ...

Fracking is moving closer and closer to urban areas, but before it actually enters towns and cities the fracking industry should take a look at Long Beach, California, and follow the lessons that have ...

This year's co-Nobel Prize winner in economics, Elinor Ostrom, has sagely observed: “Humans don't like to be suckers.” She arrived at this conclusion after studying local programs working to overcome ...

With the oil market downturn seemingly in the rear-view mirror, it’s time to reflect on what went wrong. After dipping back into the $40s earlier this year, crude prices have come roaring back and are ...

Oil and water certainly don’t mix, but oil and money certainly do. And with the world fixated on the sort of oil that fuels our cars and heats our homes, it is oil of the nutritional sort that will ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. When I was on the road promoting The Power Surge in 2013, I regularly said two ...

"We can't drill our way out of the problem." Democratic presidential candidate Barack Obama has said it. Senate Majority Leader Harry Reid has said it. It's one of those bromides sincerely repeated by ...

When I was on the road promoting The Power Surge in 2013, I regularly said two things: First, oil prices could easily plunge for a year or two, though it was far from certain that that would happen.