Tag: explainer
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![Worth Less Than Nothing: What Happened, Why It Did, What It Means, and What’s Next For Oil]()
Worth Less Than Nothing: What Happened, Why It Did, What It Means, and What’s Next For Oil
What happens when a global pandemic meets a price war on oil? Or, what happens when severe practical problems meet ineffective policymakers? Rather, what happens when an exogenous shock exposes a fragile system that fails to engage critically in its own risk assessment? Oil prices go negative. US oil futures expiring tomorrow entered negative territory…
