Leonardo Maugeri
Capsule Review
Sep/Oct
2007
Essay
Mar/Apr
2006
Prices of crude oil are high these days not because oil reserves are waning -- in fact, they are plentiful -- but because inadequate refining capacity has limited the quantity of crude available on the world market. And high prices come with an upside: they could convince the oil industry to invest in new capacity.
Essay
Jul/Aug
2003
Underpinning much of the current thinking on oil are two divisive myths--oil scarcity and energy security. Policymakers must realize that some volatility in oil prices is to be expected and focus instead on promoting better consumption habits, more realistic public expectations, and sounder Middle East policies.
