Larry Goldstein

Senior Associate (Non-resident), Energy Security and Climate Change Program
Larry Goldstein

Larry J. Goldstein, former president of the Petroleum Industry Research Foundation (PIRINC), is a trustee with the Energy Policy Research Foundation (EPRINC), where he also serves as director of special projects. He has extensive advisory relationships with energy companies, research institutes, and government agencies. He has testified before numerous congressional committees and regulatory bodies and has been appointed to the National Petroleum Council (NPC) by every recent U.S. secretary of energy. He has briefed the chairman of the Federal Reserve Board, senior officials at the Government Accountability Office, and a wide range of government agencies on developments in domestic and world petroleum markets. He has also served as consultant to the Iraq Coalition Provisional Authority. He was a founder and president of the PIRA Energy Group, an energy consulting firm that is currently retained by nearly 400 companies. Mr. Goldstein is an internationally recognized authority on petroleum markets.

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Time to Call Off the Oil War

CSIS energy experts assess the oil market politicking of Russia and Saudi Arabia before and after the fallout of the March 5 OPEC meeting.

Commentary by Frank A. Verrastro, Larry Goldstein, and Albert Helmig — March 19, 2020

OPEC Confronts Covid-19

The persistence and spread of Covid-19 is only the most recent of several factors threatening to undermine the OPEC strategy as global oil markets are seeing reduced air travel, lower demand, and declining refinery runs as a result.

Commentary by Frank A. Verrastro, Larry Goldstein, and Albert Helmig — March 3, 2020

Oil Market Update: The Recipe for Uncertainty

CSIS energy experts unpack recent oil market developments in the wake of OPEC plus alliance’s Joint Ministerial Monitoring Committee in Baku, Azerbaijan.

Commentary by Frank A. Verrastro, Albert Helmig, and Larry Goldstein — March 25, 2019

OPEC’s Dilemma—Markets Are Complicated!

Supply, demand, geopolitical events, and sentiment have once again conspired to confuse and complicate OPEC’s efforts to achieve and retain acceptable balances in oil markets, as CSIS energy experts write in a new commentary.

Commentary by Frank A. Verrastro, Kevin Book, and Larry Goldstein — November 13, 2018

President Trump Lambasts OPEC, but Policies Also Impact Oil Prices

President Trump repeated a familiar refrain criticizing OPEC for the current level of elevated oil prices but appeared to walk back on his earlier statement that purchasers of Iranian oil must cut their imports to zero as CSIS Energy and National Security Program experts explain in their new commentary.

Commentary by Frank A. Verrastro and Larry Goldstein — September 28, 2018

OPEC: Having Your Cake and Eating It Too-the Sequel

U.S. light tight oil continues to impress, although logistical constraints, especially pipeline bottlenecks in evacuating Permian oil and associated gas, could hamper or at least delay further near-term increases.

Commentary by Frank A. Verrastro, Larry Goldstein, and Albert Helmig — June 25, 2018

An Alternative View of the Upcoming OPEC Meeting: Having Your Cake and Eating It Too

The global oil market continues to evolve in both predictable and yet uncertain ways. Like previous OPEC meetings, next week’s discussions, including the emerging rifts between the larger members with spare capacity and those without such luxury, will need to be managed.

Commentary by Frank A. Verrastro, Larry Goldstein, and Albert Helmig — June 11, 2018

Note to OPEC: Be Careful What You Wish For...

For the past few years, OPEC has been singularly focused on eliminating the enormous supply overhang, but with the golden ring now in sight, a new adversary potentially sits just over the horizon.

Commentary by Frank A. Verrastro, Sarah Ladislaw, Guy Caruso, Larry Goldstein, and Albert Helmig — April 23, 2018