Mark Blyth, Jeff Colgan – The Corona Oil Shock

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.