The Crisis Brewing in Energy Markets | Tracy Shuchart
Forward Guidance
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The Long-Term Outlook for Oil Prices
The last monthly report was 11.4 million barrels and I would then show the guests that we're still exactly there. So generally, we sort of see production slow down a little bit because oil companies obviously don't want to be taxed on a bunch of inventory. There's no way I believe that we're at 11 eight right now, and especially because we're hitting December where, you know, that's when you get the barrels that you still have in that you're holding on December 31. It's more volatility, but I mean, for well over a year, oil price really did go straight up.
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