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Doomberg & Steve Keen: The Green New Deal and Energy Security
Forward Guidance
The Price of Oil Continues to Decline
There's been a bit of a sea change with European governments but as well as private industry investors you know they were under investing in hydrocarbon companies. The price of oil is still very elevated and at this price especially with no real major new supply coming on stream the industry looks set to print a lot of cash. I think Biden panic because heading into the winter those elevated natural gas prices are going to be politically unpopular given the proportion of homes in the US that heat their dwellings using natural gas.
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