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)
Publicly held E&Ps are settling in for a long cold spell, lest they be burned. Forego deals for fear of shareholder reprisal? Or press ahead despite market backlash?
Rystad Energy values QEP Resources’ Midland assets in the Permian Basin at $4 billion, about twice the value of a takeover offer made by activist investor Elliott Management.
Oil price volatility has helped cast A&D markets adrift leaving many E&P companies in a “no-wind” scenario.