We use a novel approach to identify how OPEC-related events affect oil price uncertainty. We introduce a newspaper article count variable related to OPEC that rises in response to important OPEC meetings, as well as political upheaval and terrorist attacks in OPEC countries. The variable is...

With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...

Oil, US empire, and the Middle East -- The road to the oil shock -- Pursuing petrodollar interdependence -- The triangle to the Nile -- The petrodollar economy -- Visions of petrodollar promise and peril -- Reform and revolt -- Revolution and invasions -- Recoveries and crises -- End of an era.

Pre-OPEC -- OPEC evolution -- OPEC finds its way -- Internal rivalry -- External conflicts -- Saudi Arabia vs the US -- Energy and technology -- Technology effects -- The economics of energy technology -- Energy technology mix and future energy -- The economics of renewable energy -- Economics...

The global history of oil politics, from World War I to the present, can teach us much about world politics, climate change, and international order in the twenty-first century. When and why does international order change? The largest peaceful transfer of wealth across borders in all of human...