Energy fellow Michelle Michot Foss interviews Bernard Duroc-Danner, the former CEO of EVI, Grant Prideco & Weatherford, to explore the strategic shifts for businesses in the oilfield services (OFS) industry and to address how the OFS industry must restructure itself.
The oil glut and the unprecedented drop in demand, along with plummeting oil prices due to the coronavirus pandemic, is revealing the strengths and weaknesses of oil firms globally. The authors consider four NOCs — Ecopetrol, Petrobras, Petronas and Pemex — in the context of the current crisis.
The authors argue for an identification and tax program that would allow unauthorized residents to receive identification documents and reside and work legally in the United States. In return, they would pay taxes much like any other American.
Iron and steel production are necessary for modern infrastructure, and the sector is both energy intensive and difficult to decarbonize. The authors explore new, evolving processes that could change this and potentially provide both environmental and economic benefits.
Leveraging a crash in oil revenue, the Saudi government has quickly imposed unprecedented changes to the way it raises cash by increasing taxes and slashing subsidies in ways Saudi citizens once considered unthinkable.
José Iván Rodríguez-Sánchez conducts a cost-benefit analysis of undocumented immigrants in Texas, concluding that undocumented residents have a positive influence and impact on the economy, since they pay taxes and fees and constitute an important part of the labor market.
As oil prices start to recover, analysts are cautiously beginning to ask whether we’ve turned a corner — but for the weeks ahead, continued inventory builds pose significant risks of renewed price declines.
The collective trauma of the Covid-19 pandemic may provide a clearer understanding of why people use drugs — to help us see it not as a moral failing or a brain malfunction, but as a fundamentally human response to negative life events. Read more at the Baker Institute Blog.
