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With prices rising, are we on the cusp of the last oil boom?

With the price of crude climbing over $70 dollars per barrel and travel-hungry Canadians hitting the road in their F150s, we could be on the cusp of another oil boom. But will it be the last?

A post-pandemic travel surge could contribute to increased oil price

CBC Radio ·
A pumpjack operates near Weyburn, Saskatchewan on May 6, 2020. (Trent Peppler/CBC)
Cost of Living5:54With prices rising, are we on the cusp of the last oil boom?

With the price of crude climbing over $70, and travel-hungry Canadians about to hit the road in their Ford F-150s, we could be on the cusp of another oil boom. But will it be the last? 

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For the first time in years, there is talk of the price of oil hitting $100 per barrel. For the Canadian economy, higher petroleum prices is often good news despite the frustration of higher prices at the pump for drivers. Yet if there is another oil boom, it could look different — and be shorter — than the boom-times of previous decades.

Cost of Living host Paul Haavardsrud speaks with Jamie Webster, an expert in energy markets and geopolitics with the Boston Consulting Group about the future of oil. 

Listen to the segment above  — or download and subscribe to the Cost of Living podcast. 

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