Oil prices have collapsed, but eventually they will recover.
No blue wave under a possible Biden presidency may make it harder to pivot towards a greener economy — keeping fossil fuels around for longer, says one oil analyst. “The president, if it is indeed Biden, he could scale back drilling on public lands — that is a possibility. There’s other measures that he could take to stop the progress of fossil fuels ... but in general, green energy will struggle with a Republican Senate ” said Bob Yawger director of energy futures at Mizuho Securities.
NEW YORK, NY / ACCESSWIRE / September 28, 2020 / Pomerantz LLP is investigating claims on behalf of investors of ProShares Ultra Bloomberg Crude Oil ("UCO" or the "Company") (NYSE:UCO).