Demand isn’t to blame for crashing energy prices, and ‘political oil’ has led to massive supply that’s kept crude cheap, former Goldman Sachs commodities chief says
By Filip De Mott, Business Insider
Global demand for oil and other commodities hasn’t slumped, contrary to some explanations for why crude prices have been falling for months. Instead, prices have crashed because governments shunned their own alternative energy policies to help boost supply and relieve pressure on consumers, former Goldman Sachs commodities research chief Jeff Currie said.
