Oil prices have tumbled! The Covid-19 pandemic and the associated economic slowdown make demand recovery particularly challenging as, at least in the short term, it becomes detached from energy prices. As an exporter of oil and gas, the United States is especially vulnerable. Amid the ongoing Covid-19 outbreak, low oil prices do not translate into higher economic activity. They also hurt the burgeoning energy sector in the U.S., which contributed significantly to economic recovery after the 2008-2009 financial crisis.
This Friday's webinar featured energy fellow Anna Mikulska and the senior program advisor for the Center for Energy Studies, Michael Maher, who considered the challenges faced by the oil industry in the post-Covid-19 world. This event was sponsored by the Center for Energy Studies. Follow @CES_Baker_Inst on Twitter and join the conversation online with #BakerEnergy.
Anna Mikulska, Ph.D.
Nonresident Fellow in Energy Studies, Baker Institute
Michael Maher, Ph.D.
Senior Program Advisor, Center for Energy Studies, Baker Institute