Current Access Level “I” – ID Only: CUID holders and approved guests only. Building Access: Normal building operating hours with exceptions. Read more about the campus status level system and campus access information. See the latest updates to the community regarding campus planning.
Explore Our Work
Our work is committed to independent and nonpartisan research that meets the high standards of academic integrity and quality at Columbia University.
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
This year’s Conference of the Parties (COP-29) broke new ground with the Baku Initiative for Climate Finance, Investment, and Trade (BICFIT)—the first high-profile COP initiative to place trade...
This week host Jason Bordoff talks with Cheryl LaFleur and David Hill about the incoming Trump administration, its impact on FERC, and the status of permitting reform measures.
Please join the Center on Global Energy Policy (CGEP) at Columbia University's School of International and Public Affairs for a special webinar "Can AI Help Reduce Emissions of...
Webinar
• Zoom Webinar
About Us
We are the premier hub and policy institution for global energy thought leadership. Energy impacts every element of our lives, and our trusted fact-based research informs the decisions that affect all of us.
Crude Volatility: No end in sight to boom-bust oil prices?
Past Event
February 5, 2019
6:00 pm - 7:30 pm utc
Share
Two years ago Robert McNally, President of Rapidan Energy Group and non-resident fellow at the Center on Global Energy Policy, published Crude Volatility: The History and the Future of Boom-Bust Oil Prices (Columbia University Press, 2017). Crude Volatility, the first in CGEP’s book series and the recipient of Honorable Mention for Economics at the 2018 PROSE Awards, surveyed and evaluated the history of the oil market through the prism of price stability and volatility, studying the factors that contributed to periods of relatively stable and unstable prices. McNally concluded that only during periods in which there was an effective swing producer, willing and able to adjust output to keep prices stable, were oil markets able to avoid the extreme price volatility that harms the oil industry and broader economy. He also asserted that the global oil market had been without a swing producer since 2008, which explained the wide gyration in crude prices in the period. In late 2016, just as Crude Volatility was heading to print, Saudi Arabia and Russia spearheaded a new attempt to manage crude supplies, bringing together 25 OPEC and non-OPEC producers in what is now called “OPEC-Plus.” OPEC-Plus successfully implemented production cuts over the last two years, which some analysts credit with stabilizing prices. Is OPEC-Plus the swing producer the oil market has been looking for? Can we expect more stable prices going forward? And what role are US shale and Washington energy policy playing in global oil stability? To address these and other questions, join the Center on Global Energy Policy for an event with Robert McNally and a distinguished panel of oil experts who will take stock of the analysis in Crude Volatility in light of the events over the last two years. Following McNally’s presentation, he will join Jamie Webster, fellow at the Center on Global Energy Policy and senior director at Boston Consulting Group’s Center for Energy Impact, and Marianne Kah, adjunct senior research scholar at the Center on Global Energy Policy and former chief economist at ConocoPhillips, on a panel moderated by Antoine Halff, senior research scholar at the Center on Global Energy Policy. — Guests unable to attend in person can view a livestream of the event at energypolicy.columbia.edu/livestream. This event is open to press. Please direct media inquiries and interview requests to Artealia Gilliard ([email protected]). For more information contact: [email protected].
A legacy of costs from oil and gas production will remain long after achieving a net-zero future. The Center on Global Energy Policy (CGEP) at Columbia University's School...
Event
• Faculty House - Seminar Ballroom
64 Morningside Dr, New York, NY 10027
https://www.youtube.com/watch?v=0pzw82IwDm0 Please join the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs for this discussion series on how the application of Artificial...
The Center on Global Energy Policy (CGEP) at Columbia SIPA hosted a discussion on the policy and investment choices of national oil companies in the energy transition.
Event
• Pulitzer Hall - Lecture Hall
2950 Broadway, New York, NY 10027
Register to attend in person in NYC Register for the live stream A legacy of costs from oil and gas production will remain long after achieving a net-zero...
Event
• Faculty House - Presidential Ballroom
64 Morningside Dr, New York, NY 10027
China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. Between 2000 and 2023, China accounted for 50 percent of...
