Want to create an interactive transcript for this episode?
Podcast: ARC ENERGY IDEAS
Episode: Oil Market Recovery: Bulls vs Bears
Description: Last week the IEA described the oil markets as ‘fragile.’ In contrast, the price of oil has soared back from all time lows (and negative pricing) to its pre-COVID levels. This week Peter and Jackie discuss the arguments of the bulls and the bears. The bears are focused on weak oil demand, slow vaccine roll outs and prolonged lockdowns. The bulls see beyond this near-term fragility to the demand recovery.Next, we consider the climate impacts of constraining North American oil production. Rating agencies are downgrading oil and gas companies because of climate risk. New permits for oil...