The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, U-T SAN DIEGO
Friday, December 19, 2014
Kelly Cunningham, National University System
Answer: Oil prices
Prevailing explanations for the collapse of oil prices are mismatches between surging supply and diminishing demand. But little evidence suggests such conditions occurred on the global stage. According to the International Energy Agency (IEA), global demand for crude oil is 3.6 percent higher than average demand over the past five years. While new drilling techniques -- fracking -- revolutionized energy production in the U.S. and Canada, increased production had limited impact on the global stage. IEA estimates world demand exceeds supply by only 0.6 percent so far in 2014, which does not suggest a glut. Lower prices, unfortunately, are not likely to last long.
Call (858) 642-8498 to receive more information.
© 2017 National University System Institute for Policy Research. All rights reserved. Privacy Policy
National University System Institute for Policy Research is part of the National University System.