Featuring: Severin Borenstein E.T. Grether Chair in Business Administration and Public Policy, Faculty Director, Energy Institute at Haas and Professor
Along with every other part of life, energy markets have been shaken by the COVID-19 pandemic. The largest effects have been felt in oil markets where prices have plunged by more than 50% and many US producers are now facing bankruptcy. Prof. Borenstein will discuss the supply versus demand drivers of the price crash, the relevance of OPEC, and the impact of low energy prices on the US economy and jobs.