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Bob McNally

Founder and president, Rapidan Energy Group · Author, Crude Volatility · Former senior director for international energy, White House National Security Council

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Most energy forecasts assume stable oil prices. McNally's research shows the opposite: structural forces that dampened boom-bust cycles for decades have weakened, and extreme price swings are the new normal for global markets and national strategy.
Washington, United States
Videos

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Webinar – Iran War Energy Disruption: Short-Term or Here To Stay?

March 2026

Bio

About Bob McNally

Bob McNally is the founder and president of Rapidan Energy Group, a research and advisory firm that integrates energy market analysis, policy expertise and geopolitical risk assessment for investors and energy companies worldwide. His 34-year career spans White House energy policy, hedge fund strategy and oil market analysis, and his work connects historical patterns in energy markets to the risks organizations face in a more volatile global economy.

McNally is the author of Crude Volatility, a history of oil price swings from the 19th-century Pennsylvania oil fields to OPEC's market-share battles. The book traces how Standard Oil, U.S. regulators, the major international oil companies and OPEC each tried to stabilize prices, and argues that the 2008 boom and 2015 collapse mark a structural return to extreme price swings. Crude Volatility received Honorable Mention in Economics in the 2018 PROSE Awards, the 2023 IAEE Marcel Boiteux Best International Energy Economics Book Award and the 2024 USAEE Adelman-Frankel Award for unique and innovative contribution to the field of energy economics. His research has been cited in Foreign Affairs, Foreign Policy, the Center on Global Energy Policy at Columbia University and congressional testimony on energy security and trade policy.

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