Falling Oil Prices Episode 2
Update: 2020-10-13
Description
Oil prices fell to an 18 year low due to a price war between Russia and the Saudis as a result of a breakdown in dialogue over oil production cuts. With fewer consumption triggered by the global coronavirus pandemic, prices fell to as low as $19 per barrel. This has led, on one hand, to a global stock market crash and cheaper gas prices on the other hand; this would most likely crash the sales of electric vehicles, increase automobile gas consumption, a sad news for climate change proponents.
This episode digs into the causes and the effects of the oil price slump.
Listen and enjoy!
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