Surveillance: Oil Prices to Remain Low, Sen Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 22 April 2020
⏱️ 29 minutes
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Summary
Amrita Sen, Energy Aspects Chief Oil Analyst, says oil production has to fall quickly for prices to recover. Karen G. Mills, Harvard Business School Senior Fellow and Former Head of U.S. Small Business Administration, says she is more optimistic about this next round of funding for small businesses. Lauren Sauer, Johns Hopkins University Assistant Professor of Emergency Medicine, says the CDC needs support to roll out broad, systematic testing. Sebastien Galy, Nordea Asset Management Senior Macro Strategist, says the United States cannot sustain the decline in oil prices for long.
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Transcript
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| 0:00.0 | Osage County, Oklahoma is getting a lot of attention right now. |
| 0:04.4 | It's the setting of Martin Scorsese's latest film, |
| 0:07.8 | Killers of the Flower Moon. |
| 0:10.0 | The movies based on a book about the 1920s Osage murders, |
| 0:14.1 | when white men poured into Osage County |
| 0:16.4 | and killed Osage people for their oil wealth. |
| 0:20.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:26.8 | For over a year I was reporting a different story about other ways white people got |
| 0:32.1 | Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 0:40.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 0:47.0 | So how did they get it? |
| 0:49.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 0:55.3 | Podcast or wherever you Bloomberg surveillance podcast. I'm Tom Keene. |
| 1:13.5 | Daily, we bring you insight from the best |
| 1:15.9 | in economics, finance, investment, |
| 1:18.1 | and international relations. |
| 1:19.8 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 1:26.4 | Bloomberg. |
| 1:27.4 | Joining us right now on these elasticities as they are called, as Emerita said. |
| 1:33.1 | She is absolutely fabulous at the dynamics of supply and demand. |
| 1:38.0 | Emerita, throw out your textbook right now. |
| 1:40.6 | Explain to us the linear or log elasticities of demand coming back. |
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