Environment and Energy
March 3, 2021
SMU Energy Analysis: Recovery Ahead?
Written by Brett Linton
The Energy Information Administration’s February Short-Term Energy Outlook, which was published prior to the hazardous winter weather that swept across the country in mid-February, remained subject to heightened levels of uncertainty as responses to COVID-19 continue to evolve. Reduced economic activity from the pandemic caused a decline in 2020 energy demand and supply. As of early-February, the EIA expected lower oil prices later in 2021 as a result of rising oil supplies that will slow the pace of global oil inventory withdrawals. EIA also expects that high global oil inventory levels and spare production capacity will limit upward price pressures
SMU Note: Earlier today, SMU hosted a Community Chat Webinar featuring Rick Preckel of Preston Pipe. Preckel shared his comments about the state of the U.S. energy market and its predicted recovery. You can view a recording of this free webinar and a copy of the presentation here.
