Oil and gas industry expected surplus – but war brought shortage instead

By John Patrick Schoeneman Jr., Assistant Professor of International Political Economics, Oklahoma State University, The Conversation · September 29, 2026

Any work to ease current shortages and price hikes while the Strait of Hormuz remains closed will take years and billions of dollars.

More in Analysis

Analysis· The Conversation

FlyDubai incident: Airline safety expert explains how cockpits have become more secure – but only from outside threats

By Jeff Price, Professor iof Aviation and Aerospace Science, Metropolitan State University of Denver · 2h ago

Analysis· The Conversation

Question of whether taxpayers or fossil fuel companies pay for climate change damage heads to Supreme Court

By Patrick Parenteau, Professor of Law Emeritus, Vermont Law & Graduate School · 3h ago

Analysis· The Conversation

Antarctica’s ice loss is locked in, and extra snowfall won’t save it – that’s bad news for low-lying coastal areas elsewhere

By Yucheng Lin, Assistant Professor of Energy and Environment, City University of Hong Kong, Robert Kopp, Professor of Earth Sciences, Rutgers University · 11h ago