Have you forgotten the days of $5 gas from a few years ago? Well, after a period of relatively low prices, the price of the world’s most-used fossil fuel is on the rise again. Here to explain on Sea Change Radio what is driving the surge in pricing is oil expert Dan Dicker. We discuss the three main ingredients to understanding the global oil market: supply, demand, and geopolitics. We also delve into the role of renewables, what drivers should expect to pay at the pump in the near future, and why he thinks environmentalists should be rooting for oil prices to reach $300 per barrel.
Some energy analysts predict that the past year’s downward trend in oil prices will continue. Our guest this week on Sea Change Radio, energy expert Dan Dicker, disagrees. He thinks that the price of oil will inevitably rise again, and sooner than many of his colleagues believe. Dicker comes on this week to explain his prediction and why he thinks a little more pain at the pump might, in the long run, be a good thing.
Last week we spoke with energy analyst Dan Dicker about the reasons behind the sudden drop in oil prices and the potential impact this could have on energy markets and on the geopolitical landscape. This week on Sea Change Radio, you’ll hear the second half of our discussion.Read the show transcript
When it comes to global oil markets, the one thing that everyone agrees on is that it’s complex. The recent plunge in oil prices has many of us searching for explanations: Why has the price of oil dropped from over $100 a barrel to $55 a barrel in less than a year? What are the geopolitical and economic implications of this drop? And what impact will these suddenly low prices have on other energy industries, both carbon-based and renewable? Read the show transcript