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September 30, 2020
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The Future Of Oil And Energy
Kuting Feng
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Oil prices are still struggling despite global production cuts. They're down 3.5% today and almost 35% for the year. Daniel Lacalle the chief economist at the Tressis hedge fund and the author of The Energy World is flat told me it's a sign that global consumption is slowing particularly in developed markets. The future of oil and energy will likely come up at tonight's presidential debate. So I asked Daniel why is it that world leaders including Presdient Trump are so concerned about preserving the energy sector probably more so than any other sector.
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