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/ 2 0 1 6 - 0 5 - 2 4 / s a u d i - a r a b i a s - o i l - s t r a t e g y - t i m e - g l u t. - Thijs Van de Graaf and Aviel Verbruggen, “Saving OPEC: How Oil Producers Can
Counteract the Global Decline in Demand,” Foreign Affairs, December 22, 2014, https:
/ / w w w. f o r e i g n a ff a i r s. c o m / a r t i c l e s / p e r s i a n - g u l f / 2 0 1 4 - 1 2 - 2 2 / s a v i n g - o p e c. - Hans- Werner Sinn, “Public Policies Against Global Warming: A Supply Side
Approach,” International Tax and Public Finance 15, no. 4 (2008): 360– 94; Hans-
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(Cambridge, MA: MIT Press, 2012). - Cheap oil encourages a path- dependent route to energy- intense development by
reducing urban density. Cities that sprawl into suburbs require more energy. Com-
mutes lengthen, bigger homes require more fuel to heat and cool, and private cars
are mandatory. Higher levels of demand, encouraged by low prices, become locked
in— even when prices rise again. - Jason Hill, Liaila Tajibaeva, and Stephen Polasky, “Climate Consequences of Low-
Carbon Fuels: The United States Renewable Fuel Standard,” Energy Policy 97, suppl.
C ( 2 0 1 6 ) : 3 5 1 – 5 3 , h t t p s : / / d o i. o r g / h t t p s : / / d o i. o r g / 1 0. 1 0 1 6 / j. e n p o l. 2 0 1 6. 0 7. 0 3 5. - C. McGlade and P. Ekins, “The Geographical Distribution of Fossil Fuels Unused
When Limiting Global Warming to 2 [deg] C,” Nature 517, no. 7533 (2015): 187– 90.