Is oil price set to rise to record highs?

Jeremy Naylor is joined by Angelos Damaskos, from Junior Oil Trust, to talk about the long-term implications of the drop in oil prices in 2016 and the possibility of it leading to higher oil prices over the next few years.

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The Schork Report publisher Stephen Schork on the state of the oil and gas markets.
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4 thoughts on “Is oil price set to rise to record highs?”

  1. Tesla's new battery at an Australian wind farm makes large scale and dispatchable renewably powered electricity therefore we can phase out coal electricity profitably while still expanding electricity to the world. With renewables, batteries, electric vehicles we can phase out transportation oil.

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  2. The short-term volume on crude can't support the current price level even though it is buy-heavy right now. Floors around $60 (currently only one exists) need to be established before crude can officially break and hold $65+.

    Reply

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