Meghan O’Sullivan, former deputy national security advisor on Iraq and Afghanistan under President George W. Bush, says a shift toward nationalism or de-globalization will affect global oil markets.
In this interview with Hart Energy’s Jessica Morales and Len Vermillion, O’Sullivan, who currently serves as the Jeane Kirkpatrick Professor of the Practice of International Affairs and a board member of the Belfer Center for Science and International Affairs at the Harvard Kennedy School, also discusses what we might expect for the U.S. shale market in the wake of the oil price crash and COVID-19 pandemic. Additionally, she touches on what to expect from the upcoming election and whether an administration change could have a significant effect on U.S. oil and gas.
Jump to a topic:
- Global oil's unprecedented moment (0:50)
- Shift toward nationalism (2:20)
- Venezuela's challenge (5:07)
- Iran and Middle East stability (8:44)
- Nigeria and Mexico (11:01)
- U.S. production and policy (13:10)
- Effects of a potential administration change (15:59)
The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29, according to data from energy services firm Baker Hughes Co. going back to 1940.
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.