This paper examines potential incentives for a Saudi withdrawal or restructuring of OPEC, which comes amid challenges to the cartel and suggestions of changes to its long-standing practices.
Jim Krane is the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute for Public Policy. He specializes in energy geopolitics, with a focus on oil-exporting countries and the challenges they face from energy subsidies, internal demand, and climate change. His scholarly articles have been published in Nature Energy, Energy Policy, Energy Journal, MRS Energy and Sustainability, and the Bulletin of the Atomic Scientists. Previously, Krane spent nearly 20 years as a journalist, six of them in the Middle East. He is the author of two books. His 2009 volume City of Gold: Dubai and the Dream of Capitalism is widely recognized as the seminal work on the iconoclastic city-state, while his award-winning 2019 book Energy Kingdoms: Oil and Political Survival in the Persian Gulf is the definitive study of energy demand in the region. Krane earned a bachelor’s from City College of New York, master’s from Columbia University, and PhD from Cambridge University. He lives in Houston with his wife and two children.