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'Farewell, Fossil Fuels'? What Oil's Demise Will Do to the World's Leading Economies

Simon Henderson

Also available in العربية

The Hill

September 15, 2020

The combination of new demand projections, green consumer trends, pandemic-related shifts, and other factors may not spell the end of Middle Eastern oil economies quite yet, but it is the first draft of their obituary.

A group of OPEC ministers is scheduled to meet on Thursday to decide if the cartel’s output needs to be tweaked to cope with weak oil prices. But OPEC, once the ogre that scared Western industrialized economies, is a shadow of its former self. Founded 60 years ago this week, it no longer makes Page One headlines. Hardly surprisingly, its Joint Ministerial Monitoring Committee is likely to fudge its decision...

Read the full article on The Hill website.