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{
  "authors": [
    "David Livingston"
  ],
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  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
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  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "SCP",
  "programs": [
    "Sustainability, Climate, and Geopolitics"
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Source: Getty

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OPEC Panel Discussion

OPEC’s decision to maintain production levels despite falling prices was a surprise to many in the energy industry.

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By David Livingston
Published on Apr 25, 2015
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Carnegie Oil Initiative

The Carnegie Oil Initiative analyzed global oils, assessing their differences from climate, environmental, economic, and geopolitical perspectives. This knowledge provides strategic guidance and policy frameworks for decision making.

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Source: World Affairs Council of Houston

Led by Saudi Arabia, OPEC’s decision to maintain production levels despite falling prices was a surprise to many in the energy industry. Various reasons for OPEC’s decision have been put forth such as a desire to discourage U.S. shale production or to undermine Iran’s oil based economy.

Panelists James B. Adams, Chris Faulkner, Pradeep Anand and David Livingston discussed the possible rational behind OPEC’s decision, what this means for the markets and the oil producing countries, and what we can expect for the near future.

This event was originally published by the World Affairs Council of Houston.

About the Author

David Livingston

Former Associate Fellow, Energy and Climate Program

Livingston was an associate fellow in Carnegie’s Energy and Climate Program, where his research focuses on emerging markets, technologies, and risks.

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David Livingston
Former Associate Fellow, Energy and Climate Program
Climate ChangeNorth America

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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