A large body of scholarship finds that there is a relationship between reliance on natural resources and authoritarianism. Extant cross-country findings are derived, however, from panel regressions that assume random effects, where the dataset’s time dimension is relatively short. Because...

The dramatic reduction in global demand, and the decline in the spot price of crude oil in the second half of last year, may have significant implications for the future supply of oil. Investments in conventional methods of extraction have been constrained, since easily accessible oil reserves...

Peak oil demand has become the hot new topic for oil market analysts but as always, runs the risk of being subject to superficial analysis, just as peak oil supply was. The primary arguments come from climate change activists who believe fossil fuel consumption must drop sharply and from...

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to...