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.
Fossil fuel is sort of a dirty word in environmental circles, but it still comprises over 80% of the world’s energy consumption. This week on Sea Change Radio, oil expert Daniel Dicker explains the complex role that oil and gas plays in the world’s economy. First, we take a look at the recent OPEC meetings and the effect that they’ll have on oil prices moving forward, then we get a snapshot of the challenges that the major oil producing countries face today. Lastly, we get a glimpse into how oil markets are reacting to the inevitable transition to renewable energy.