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I'm posting this week's episode a couple days ahead of our usual weekend schedule to keep up with the fast-moving news cycle of the most important story of the week—no, not necessarily the coronavirus, but rather the oil price war that broke out last weekend between Saudi Arabia and Russia. The timing may not be purely coincidental, as I discuss with my guest this week, Manhattan Institute senior fellow Mark Mills. Mark is my go-to person for all things pertaining to energy and our ongoing digital revolution.
Bottom line: Oil isn't going away any time soon, and the independent oil sector in the U.S. holds the high cards in this battle over the long run—but the next year or so could be very rough. Toward the end of our conversation also offers his typically unique thoughts about what we're going to learn from the COVID 19 experience.
Mark's latest book is Digital Cathedrals: The Information Infrastructure Era, about which you can read a nice excerpt from Mark here. And you should also take in his latest observations on the energy scene in his recent City Journal article "Old Energy, New Boom."
Now back to your regularly-scheduled toilet paper hoarding.
Steve Hayward
Discussion (6)
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Good talk.
I tend to agree, that in the longer term, the effects of the oil war will have a greater impact than the virus out break.
Look back at history to confirm this. The great Spanish flu epidemic, which killed almost as many people as WWi, is a rarely studied historical footnote.
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Really enjoyed the interview with Mr. Mills. Another smart friend of Mr. Hayward.
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Great episode. Chock full of actually useful information.
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Very interesting conversation. Time to invest in some oil company stock!!
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That was excellent. Thank you.
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