Host Jason Bordoff sits down with Bob McNally, a Fellow at the Center, founder and president of the Rapidan Group, a leading energy consulting firm in Washington, D.C., and former energy advisor to President George W. Bush. They discuss all things oil price volatility, the topic of Bob’s new book, Crude Volatility: The History and the Future of Boom-Bust Oil Prices, the first book in the new Center on Global Energy Policy book series with Columbia University Press. They discuss: the origins of oil price control in the United States; differences between boom bust cycles today and 10 years ago; what history tells us about the future of price volatility and how governments and business can cope; and shale’s role as a potential swing producer.
On June 1, 2023, Dr. Melissa Lott, Director of Research and Senior Research Scholar, testified before the Senate Energy and Natural Resources Committee on electric reliability in the United States.
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National oil companies (NOCs) produce about half of the world’s oil and own the bulk of oil and gas reserves. They are also large issuers of bonds held by international financial institutions. Their ESG risks should be a matter of great concern.