New Trump administration greenlights its first Louisiana LNG plant
The agency that granted the permit found in 2024 that approving additional LNG exports could raise natural gas prices for U.S. consumers.
For the latest updates on access to the Morningside campus, visit the Public Safety website. Read more.
Even as prices decline, the tight oil market is once again raising economic and political worries in Washington.
In July, President Biden traveled to the Middle East to meet with several Arab leaders – including Saudi Arabia’s King and Crown Prince Mohammed bin Salman. Expanding oil supply was high on the list of the administration’s diplomatic objectives.
Saudi Arabia says it has limited ability to add extra oil to the market, and it’s not clear whether OPEC+ countries agree on a path forward for oil output. All of this comes at a time of enormous uncertainty in the global outlook for oil, due to fears of a recession and concerns over Russian supply.
Now all eyes are on OPEC+ in early August. Will Biden’s overtures have any consequential impact on production?
This week, host Jason Bordoff sits down with Dr. Karen Young and Bob McNally to discuss what’s next for oil markets.
Dr. Young is the newest Senior Research Scholar at the Columbia University Center on Global Energy Policy. She was a Senior Fellow and Founding Director of the Program on Economics and Energy at the Middle East Institute.
Bob McNally is a Non-Resident Fellow at the Center on Global Energy Policy. He’s the author of Crude Volatility: The History and the Future of Boom-Bust Oil Prices, published by Columbia University Press. In his full-time capacity he is the founder and President of Rapidan Energy Group, an independent energy consulting and market advisory firm based in the Washington DC area.
In the wake of Biden’s controversial trip to the Middle East, Jason spoke with Karen and Bob about what it tells us about the state of the global oil market in the months ahead.
Europe is facing a challenging year as natural gas prices surge. While the continent seemed to weather the initial shock of losing Russian gas supplies, it’s now clear...
At the start of February, President Trump launched a trade war. The president announced sweeping tariffs on goods imported from China, Canada, and Mexico. Although he temporarily backed...
Over the past month, the Trump administration has declared a national energy emergency, launched an ambitious agenda aimed at transforming the nation's energy landscape, and pulled back from...
Last week, President Trump wasted no time in making good on a long list of energy-related campaign promises. Declaring a national energy emergency, he issued executive orders that...
As Indian Prime Minister Narendra Modi makes his first visit to Washington in the second Trump administration, energy will likely take a front seat in United States-India relations. Due to...
During a speech at the World Economic Forum in Davos last month, President Donald Trump urged Saudi Arabia and OPEC to increase oil production to lower prices and exert...
Can U.S. gas exports throw a lifeline to Europe without raising prices at home?
America should give diplomacy a final shot—while preparing to use military force.