A worker fills up a car with fuel at a gas station in Caracas (REUTERS/Jorge Silva).

Blog Post

Brookings scholars weigh in on impacts of falling oil prices

February 23, 2015, Jennifer Potvin

On February 2, Brookings hosted a discussion on the slide in oil prices. Scholars from the Energy Security and Climate Initiative (ESCI) and the Center for Middle East Policy (CMEP) at Brookings, discussed the benefits reaped by oil-importing countries, as well as the negative impact endured by oil-exporting counties like Venezuela, Russia, and Iran. With oil now hovering around $50 per barrel, the panelists provided their take on possible long-term global ramifications for the market.

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