AUTHOR'S BIO
A. F. Alhajji
Anas Alhajji is Chief Economist at NGP Energy Capital Management.
| RECENT COMMENTARIES | FEATURED COMMENTARIES | MOST READ COMMENTARIES |
-
Oil’s Upward March
A. F. Alhajji Series: The New Global Economy 2011-06-28The global oil market has become a large sea that generates its own storms, which guarantee that the sea will continue to grow. Looking at recent history, one can identify four factors that will continue to drive oil prices higher unless a major earthquake brings the market to its knees.... read Comments: 6 Recommended: 0 Read: 27946
-
An Inconvenient Truth about OPEC
A. F. Alhajji Series: Earth in the Balance 2010-09-15
The three major organizations that forecast long-term oil demand and supply, along with oil companies and consulting firms, believe that OPEC will reconcile predicted global demand and non-OPEC supply. But they are wrong: OPEC output will not meet such projections, because they are based on flawed and outdated forecasting models.... read Comments: 0 Recommended: 0 Read: 12480
-
Invitation to an Energy Crisis
A. F. Alhajji Series: Earth in the Balance 2010-03-22One has only to examine the recent past to see why market fundamentals matter in determining oil prcies. And, as OPEC’s crude oil exports decline, rising consumption in the oil-producing countries forces international oil companies to invest in high-cost areas with small reserves, and global demand continues to grow, we could be witnessing an energy crisis in the making. ... read Comments: 1 Recommended: 0 Read: 10138
-
How Does the Weak Dollar Affect Oil Prices?
A. F. Alhajji Series: Frontiers of Growth 2008-05-16Around the world, there is anguished hand-wringing about the high price of oil. But if political leaders and policymakers want lower oil prices, they should be promoting policies that strengthen the dollar.... read Comments: 0 Recommended: 0 Read: 40125
-
The Endless Iranian Nuclear Crisis
A. F. Alhajji Series: Islam 2007-06-27Iran will continue to enrich uranium regardless of whether a Republican or a Democrat is America’s president, while the United States will oppose any Iranian nuclear program – even a civilian program – because this will contribute to the stability of the regime in Tehran. As a result, nuclear tensions are likely to bedevil US-Iranian relations for years to come.... read Comments: 0 Recommended: 0 Read: 17566
-
The Perilous Fantasy of Energy Independence
A. F. Alhajji and Gavin Longmuir Series: The World in Words 2007-02-22The paradox of today’s quest for energy independence is that pursuing it actually increases energy insecurity. However much politicians who call for energy independence might prefer it otherwise, the market has chosen oil as a staple energy source. So governments should ignore neither the valid interests of oil exporters, on whom consumers in their countries depend, nor exporters’ reaction to the rhetoric of energy independence or to steps taken to achieve it. Isolationist politicians may not care about other countries, but they should think twice lest they harm their own. ... read Comments: 0 Recommended: 0 Read: 21236
-
Managing Iraq's Oil
A. F. Alhajji Series: Frontiers of Growth 2004-07-15In recent months, Iraq's oil production has grown to more than two million barrels per day. At this rate, current oil output and oil exports now exceed post-invasion predictions. Experts had argued that funding shortages, lack of security, the problems of stabilizing a legitimate government, and technology shortfalls would severely limit Iraq's output. Despite the odds, Iraq's daily output reached a post-invasion record of 2.5 million barrels in March. ... read Comments: 0 Recommended: 0 Read: 27666
-
The War for Oil
A. F. Alhajji Series: Islam 2003-11-27For decades, through Democratic and Republican presidential administrations, America has pursued a set of straightforward energy policy objectives: keep world oil prices as stable as possible; reduce domestic consumption of oil as painlessly as possible; reduce dependence on foreign imports whenever possible; and diversify the sources of imported oil. Despite appearances, none of these objectives has changed under the Bush administration. ... read Comments: 0 Recommended: 0 Read: 18246
