4min chapter

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Energy Security, Geopolitics, & the New Energy Order | Meghan O'Sullivan & Jason Bordoff

Hidden Forces

CHAPTER

Is This a Good Idea?

Sally Kohn: There are historically large profits being made now by many in the oil sector because prices are so high. I think there's a view that part of that is motivated by a geopolitical crisis, and we want to make sure consumers aren't disadvantaged by that. But also, isn't it disingenuous for anyone to claim that the high profits that oil companies are receiving now represent some kind of additional froth to their bottom line when in fact, it actually just reflects the cyclicality of the industry? She says this seems to be driven primarily by politics; doesn't seem to serve those objectives.

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