The Big Oil Short: This Time is Different
By Jan-Hein Jesse, Founder, JOSCO Energy Finance and Strategy Consultancy, Netherlands and Member of the GCARD’s Editorial Advisory Board
The author argues that while oil markets should recover from the extreme price lows that have been due to simultaneous supply-and-demand shocks, difficult structural changes will remain for the global oil industry. The author reviews the history of Investment and Exploitation phases in the oil markets, and then notes how this time may be different because of pressures to substitute away from oil, especially in Europe.
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