Richard Holbrooke Associate Professor of Political Science and International and Public Affairs, Jeff Colgan, on the future of oil prices: “Nothing lasts forever in the oil business but low oil prices are probably here to stay for at least the rest of the year and perhaps much longer...Even when consumer demand increases after lockdowns end, there is an awful lot of inventory build-up that will keep prices from rising too quickly.”
May 8, 2020 The Guardian
Richard Holbrooke Associate Professor of Political Science and International and Public Affairs, Jeff Colgan, on the future of oil prices: “Nothing lasts forever in the oil business but low oil prices are probably here to stay for at least the rest of the year and perhaps much longer...Even when consumer demand increases after lockdowns end, there is an awful lot of inventory build-up that will keep prices from rising too quickly.”