Barron's: "OPEC Is Losing Its Power in Setting Oil Prices. What It Means for Stocks."
An article in Barron's about the global oil market, war in Ukraine, and the US' strategic petroleum reserve quotes RFF President and CEO Richard Newell and cites a study he co-authored.
Past U.S. releases have shaved 15% to 20% off prices, according to a 2017 study by nonprofit research organization Resources for the Future, or RFF. And those prior releases were much smaller—during the Libya conflict in 2011, the U.S. sold 60 million barrels. President Joe Biden’s emergency release was 180 million barrels, though stretched out over a longer period of time. Richard Newell, an author of the paper and the president of RFF, says it’s difficult to pinpoint the exact financial impact of this year’s SPR release, but that it was almost certainly more than the prior releases he studied.
Richard G. Newell
President and CEO, Resources for the Future
Dr. Richard G. Newell is the President and CEO of Resources for the Future. From 2009 to 2011, he served as the administrator of the US Energy Information Administration, the agency responsible for official US government energy statistics and analysis.
Report — Jan 30, 2023
Policies on the Road to Carbon Neutrality in the Intermountain West
Resources for the Future partnered with Intermountain West Energy Sustainability & Transitions (I-WEST) to map the existing policy landscape of the Intermountain West and define policy's role in decarbonizing the region.
Media Highlight — Jan 11, 2023
S&P Global: "Blue Hydrogen: The Future of Certified Gas?"
Fellow Aaron Bergman is quoted in a story about the viability of hydrogen paired with carbon capture and sequestration.
Common Resources — Dec 21, 2022
RFF’s Top Stories of 2022
As 2022 winds down, the editorial team at Resources for the Future has reviewed the past 12 months of blog posts, magazine articles, and podcast episodes and curated a selection of notable pieces from the year.