MacroVoices #365 Dr. Anas Alhajji: Energy Markets and Lessons Learned Since the Russian Invasion
Macro Voices
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Is the Biden Administration Going Back and Telling Them, Look, We Already Sold This Early?
The only reason why we are in the 80s today is because OPEC led by Saudi Arabia cut production more than expected. Otherwise we would have been in the 70s. And so if you add all of those together, you can see where we have increase in supply, lower demand than predicted and we ended up with the current situation that we are in.
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