North American producers have struggled to match the historic collapse in demand. One option is “shut and swap” – an idea that would see governments buy future production so oil companies can “smooth” their revenue and plan output with more confidence. Do Ottawa and Washington have the political stomach for that kind of risk? Greg Pardy, RBC’s Co-Head of Global Energy Research, joins our podcast to share his proposal.
Click here for the full podcast; The 10 Minute Take.