Oil Prices - Is There a Path of Least Resistance?

This week on the podcast Peter and Jackie catch up on Peter’s trip to Europe.  First, they talk about the political changes, both in Europe and closer to home with new Premiers in both British Columbia and Alberta. 

Next, they switch to the topic of energy conservation in Europe.  Did Peter see any signs that people are saving energy?  Is energy affordability and conservation a focus of the conversation? 

Finally, they talk about the oil markets.  Prices have softened since reaching over $120/B in June and, as a result, OPEC+ announced they would cut their production in early October.  President Joe Biden warned there would be consequences due to the production cut. Jackie and Peter discuss the potential actions that the United States could take.  

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 To see a transcript of this podcast, visit the link (scroll part way down the page): Catching up: Politics, European Energy Conservation and Oil Markets (arcenergyinstitute.com)