Policy Punchline

On April 25th, the West Texas Intermediate price for oil futures delivered in May collapsed to -37 to -40 dollars a barrel at one point. It has never happened that oil prices fell into negative territory. While the oil crisis has seemingly stabilized, tons of questions remain. Prof. Jason Bordoff, the founding Director of Columbia University's Center on Global Energy Policy, joins Tiger and Owen for a discussion on the state of oil markets, the future political struggles between oil-producing nations, whether we're at all near the "endgame" stage for fossil fuel, and the broader energy transition in a post-Covid world. To give a more elaborate explanation of the oil price crash – The first half of 2020 has seen the traditional energy markets in an unprecedented phase of unrest. As COVID-19 brought global movement to a halt and as oil producing countries scrambled to balance the market through cuts of their own, cracks in OPEC+ –– the most powerful oil cartel today –– were clearly visible. The political after