Oil Price Stability Is Gone as Volatility Returns: Levi

The video discusses the attractiveness of wind and solar energy compared to oil and gas, focusing on the US market where wind and solar compete with natural gas. It highlights the growth of the US oil economy and challenges some myths about its impact. The discussion covers the volatility of oil prices and its effects on the US economy, particularly in states dependent on oil revenue. The political implications of fluctuating oil prices are also examined, noting that traditional views may not hold in current contexts.

What factors make wind and solar energy more attractive in the context of oil prices?

How do falling oil prices affect the US economy and job market?

What are the broader economic impacts of oil price fluctuations on states like Alaska and Wyoming?

In what ways has the oil industry changed since the oil price plunge of 1986?

What does the discussion suggest about the relationship between oil prices and political incumbency in the US?