With the United Arab Emirates (UAE) officially withdrawing from OPEC, the global energy market could enter uncharted territory.
To understand the potential seismic shift from cartel-controlled pricing to a competitive price war landscape, Florida State University DeVoe L. Moore Professor of Economics Randall Holcombe is available for interviews on the possible long-term implications for global energy markets. He can be reached via email at holcombe@fsu.edu.
As a leading authority on market processes and public policy, Holcombe can provide critical analysis on why this move could signal the structural weakening of OPEC’s half-century reign if more members decide to defect. Holcombe can discuss:
- Exit motives: The reasons for the UAE to leave OPEC.
- Potential outcomes: The possibility of long-term ripple effects on oil prices and global energy markets if more OPEC members leave.
Holcombe is the author of more than 15 books, including “Political Capitalism,” “Entrepreneurship and Economic Progress,” and “Producing Prosperity: An Inquiry into the Operation of the Market Process.” He is a former member of Florida Gov. Jeb Bush’s Council of Economic Advisors, former president of the Public Choice Society, former president of the Society for the Development of Austrian Economics, and a Senior Fellow with the James Madison Institute.