This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...

With the global economy heading towards a severe oil crunch probably by 2015 or thereabouts, an analysis of Saudi oil fundamentals is causing the world disquiet and worry bordering on panic. Oil-importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies....

An engaging look at the global oil industry and how to navigate the price volatility and new policies associated with it. Oil is a constantly changing industry, and with the?recent BP oil spill in the Gulf of Mexico, more changes are expected.?From extra equipment, higher-cost insurance, and...

Introduction -- A Primer on the Oil Industry -- The Legacy of Oil: 1858-2000 -- The Oil Market, 2000-2014: Rising Prices and the Perils of Profit -- The Politics, Geopolitics, and Global Governance of Oil: 2000-2014 -- The Politics and Markets of a Price Fall: 2014-2019 -- 2020 and Beyond: Oil...