I don't think it's so much the pressure to pivot to renewables because there's no sense that pivoting towards renewables or EVs is going to actually reduce oil demand all that much. I do think that economic conditions are very questionable, and every time there's some sort of signal economic-wise, we see oil prices react. So it's almost like the market can't really decide. Should oil be lower, should oil be higher? There still is quite a bit of supply on the market. US production is very strong. We're still the largest oil producer in the world. The deck chairs have been rearranged and oil is going where it needs to go, but it's going at
Bloomberg News Senior Wealth Reporter Heather Perlberg talks about how a $1.5 trillion program for home buyers is propping up banks. Chris Miller, Associate Professor at Tufts University and author of Chip War: The Fight for the World's Most Critical Technology, shares his insight on the latest news from the volatile semiconductor industry. Dr. Ellen Wald, President of Transversal Consulting, discusses Saudi Arabia’s pledge to shave an extra 1 million barrels-a-day from its production in July. And we Drive to the Close with Lisa Erickson, Head of Public Markets Group at U.S. Bank Wealth Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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