26.6 C
New York
Sunday, July 14, 2024

Demand isn’t to blame for crashing energy prices, and ‘political oil’ has led to massive supply that’s kept crude cheap…

Demand isn’t to blame for crashing energy prices, and ‘political oil’ has led to massive supply that’s kept crude cheap, former Goldman Sachs commodities chief says

By

Global demand for oil and other commodities hasn’t slumped, contrary to some explanations for why crude prices have been falling for months. Instead, prices have crashed because governments shunned their own alternative energy policies to help boost supply and relieve pressure on consumers, former Goldman Sachs commodities research chief Jeff Currie said. 

More here >

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,967FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x