The Coming Bottom in Oil Prices Part I: Deep into Fundamentals with Art Berman




Macro Voices show

Summary: The crude oil backstory and the current oversupply, the likelihood of a coming production cut from OPEC, Middle Eastern politics and how they will affect future oil prices, EIA/IEA and other government agency statistics - Are they reliable? Oil storage considerations and the importance of Cushing, OK - How close are we to capacity? The Baker Hughes Rig Count - Does it matter? Iran and their ongoing production increase, the desperation of US shale patch operators and their associated junk bonds - What is the chance of default? Decline rates for US shale producers Libya’s potential to affect this market - Is ISIS standing in the way? Identifying a bottom in the oil market and a whole lot more…