It's hard to get a good sense of why the price of oil can vary between $150 and $30 per barrel. There are a lot of factors behind the price, but in the end it all comes down to supply and demand. In this episode we break down how supply and demand have changed to drive down the price... and discuss what might change in the future.
The story gets complicated fast: shale, tar sands, Iran, Russia, the Arctic, China, and hippies all get some airtime. We don't tell you what to think, but we do help you break it down.
Just note: we're not financial advisers and this isn't financial advice.Sources:
World oil production: ...