Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

15 Sep 2017   Saudi Arabia

« German government awards €4.1M to Fastned to build 25 fast charging stations | Main | Mobileye and Munich Re partnering to reduce commercial fleet collisions » A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. Wilson Fellow for Energy Studies in the Baker Institute’s Center for Energy Studies. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. Krane’s paper is published in the journal Energy Policy . As recently as 2015, Saudi energy […]

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