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)
Country’s collapse has contributed to a 32% increase in crude oil prices this year.
Oil prices fell on Dec. 23 after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China.
OPEC and other leading oil producers may consider easing oil output restrictions at their meeting in March, Russian Energy Minister Alexander Novak said in an interview aired on Dec. 23.