Fed’s Kaplan Q&A: Oil industry in fragile equilibrium around $50 per barrel

Kaplan will take questions at a conference on global oil supply and demand

  • Q3 hit from Harvey will bounce back in Q4
  • US facing ‘net negative’ growth in workforce as retirements exceed population growth
  • Slow growth is magnifying the burden of unfunded liabilities and entitlement costs

More to come.

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