Something strange happened in late April: the price of oil went negative. This below-zero price tag didn’t last long, but it remains unusually cheap. And thanks to the coronavirus, it will likely stay that way for a while. In this episode Mark talks with Watson Associate Professor Jeff Colgan, an expert on the oil industry and the geopolitics that define it. They get into oil’s current price fluctuations, how it’s related to the coronavirus pandemic, and how changes to this singular commodity will affect industries and countries in a post-pandemic world.
Related Articles
David Graeber – Corona and Bullshit Jobs
May 19, 2020
Mathew D. Rose
Climate Crisis, Economics, Finance, Financial Institutions, Inequality, Sustainability
0
Helle Panke spoke with David Graeber about the difference between so-called systemically relevant jobs and bullshit jobs, about the differences between the financial crisis and the current Covid crisis and what is to be done […]
Steve Keen and Steven Payson – How economics professors can stop failing us
It was the enlightened economist, Joan Robinson who said the purpose of studying economics is not to acquire a set of ready made answers to economic questions, but to learn how to avoid being deceived […]
Ilan Pappé – ‘The Beginning of the End of the Zionist Project’
8 March 2024 In these dark times a message of optimism
Be the first to comment