For decades, oil has held a critical and unique place in the global economy. Many commodities are claimed to be “the new oil” for their importance in the modern world.
But are these claims mere soundbites or do they indicate the emergence of new strategic commodities?
We discuss the prospects for claims ranging from tech innovations like data and artificial intelligence to natural resources like copper and gas. For each, we ask are these really going to be the “new oil?” And if so, how can we best position ourselves as investors?
And in today’s Dumb Question of the Week, we look at “How did the price of oil go negative in 2020?”
- Copper is the New Oil (Goldman Sachs)
- Why Copper May Be One of the Tightest Markets the World Has Ever Seen (Odd Lots)
- Negative Oil Prices Explained (PensionCraft)
- The Essex Boys: How Nine Traders Hit a Gusher With Negative Oil (Bloomberg)