Katusa on oil’s future, Werner on banks as not just financial intermediaries
Analysts say that fresh tensions in oil-producing Libya have raised concerns about an oil supply disruption in the Middle East. Erin weighs in. Marin Katusa, director of Copper Mountain Mining, tells us why he thinks oil’s gone up to $60/barrel and gives us his take on if US production is officially in decline. Bianca gives us a daily news roundup featuring other major business headlines. Richard Werner of the University of Southampton tells us what the central bank – not acting to fulfill its mandate in crisis – actually mean to households and businesses. And in The Big Deal, Erin and Edward discuss the INET conference on Finance and Society taking place in Washington at the International Monetary Fund, and headlined by Fed Chair Janet Yellen and IMF Chief Christine Lagarde.