Description
Oil prices fell to an 18 year low due to a price war between Russia and the Saudis as a result of a breakdown in dialogue over oil production cuts. With fewer consumption triggered by the global coronavirus pandemic prices fell to as low as $19 per barrel, This has led to a global stock market crash on one hand and cheaper gas prices on the other hand; this would most likely crash the sales of electric vehicles, a sad news for climate chang proponents.
This episode digs into the causes and the effects of the oil price slump.
Listen and enjoy!