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Foreign Policy
10 mins | May 13, 2020

Why this oil crash is different

Former special assistant to President Barack Obama explains the latest geopolitical earthquake. "While past oil shocks have been driven by either supply or demand, the price collapse of 2020 is highly unusual in oil market history: It results from a massive demand shock and a huge supply overhang at the same time." Jason Bordoff, former senior director on the staff of the U.S. National Security Council and special assistant to Barack Obama, writes reports for Foreign Policy.

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