Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Hurricane Season Is Sending Oil Above 85
Oil prices have surged past $85 a barrel, and it's not just geopolitics. This episode of Energy Economics with Fexingo looks at how an active Atlantic hurricane season is threatening Gulf of Mexico production, tightening supply at a moment when inventories are already low. Lucas breaks down the numbers: 85% of US oil output comes from federal waters in the Gulf, and the National Hurricane Center is forecasting 20 named storms this year, above the 30-year average of 14. He explains why markets are pricing in a 'storm premium' even before a storm makes landfall, and how traders…
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