Rice Expert Alert: Baker Institute expert available to comment on today's annual OPEC meeting

By Newsroom America Feeds at 30 Nov 2017

https://us.vocuspr.com/Publish/523718/vcsPRAsset_523718_85120_3c9695eb-03fb-4f99-a31c-8fee35dce79e_0.jpg Rice University Office of Public Affairs / News & Media Relations

EXPERT ALERT

David Ruth 713-348-6327 david@rice.edu

Jeff Falk 713-348-6775 jfalk@rice.edu

Baker Institute expert available to comment on today's annual OPEC meeting

HOUSTON – (Nov. 30, 2017) – The eyes of the energy world are turned to the 173rd OPEC Meeting (http://www.opec.org/opec_web/en/press_room/311.htm) in Vienna today, which will determine the future levels for the cartel’s oil production output.

http://news.rice.edu/files/2017/11/1130_OPEC-17zr7oz.jpgJim Krane (http://bakerinstitute.org/experts/jim-krane) , the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute for Public Policy, is available to discuss the key issues at play at the meeting and their implications for both the United States' and global oil markets. Krane, a member of the institute’s Center for Energy Studies (https://www.bakerinstitute.org/center-for-energy-studies) , specializes in energy geopolitics and energy consumption in Saudi Arabia and the Middle East.

“The OPEC producers and Russia have pulled off the impressive feat of getting nearly two dozen countries to agree to cut back their oil production in hopes of choking off the oversupply that has depressed oil prices for so long,” Krane said. “Problem is, the few thousand independent oil producers in the U.S. oil patch don't play along. If prices respond, U.S. producers can be expected to make the most of it -- not by cutting back, but by ramping up and undercutting all of OPEC’s hard work. It’s as if OPEC were providing a chauffeured limousine for U.S. crude oil producers to steal its share of the market.”

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For more information or to schedule an interview with Krane, contact Jeff Falk, associate director of national media relations at Rice, at jfalk@rice.edu (mailto:jfalk@rice.edu) or 713-348-6775. The Baker Institute has a radio and television studio available.

Related materials:

Krane bio: www.bakerinstitute.org/experts/jim-krane (http://www.bakerinstitute.org/experts/jim-krane)

Krane on Twitter: http://twitter.com/jimkrane @jimkrane

Follow the Baker Institute via Twitter @BakerInstitute (http://twitter.com/BakerInstitute) .

Follow the Center for Energy Studies via Twitter @CES_Baker_Inst (http://twitter.com/CES_Baker_Inst) .

Follow Rice News and Media Relations via Twitter @RiceUNews (http://www.twitter.com/riceunews) .

Founded in 1993, Rice University’s Baker Institute ranks among the top five university-affiliated think tanks in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows, Rice University faculty scholars and staff, coupled with its outreach to the Rice student body through fellow-taught classes — including a public policy course — and student leadership and internship programs. Learn more about the institute at www.bakerinstitute.org (http://www.bakerinstitute.org/) or on the institute’s blog, http://blogs.chron.com/bakerblog.

Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,879 undergraduates and 2,861 graduate students, Rice’s undergraduate student-to-faculty ratio is 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for quality of life and for lots of race/class interaction and No. 2 for happiest students by the Princeton Review. Rice is also rated as a best value among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go to http://tinyurl.com/RiceUniversityoverview.

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