Back in Charge: OPEC's Return to Economic Dominance
The Dividend Cafe
00:00
The US Energy Investor's Guide to Oil Prices
In the short term I do expect the four to oil will be 70 75 and it's entirely possible we'll sit in the 80s. The likelihood of 80 is you could get back up near 100 and from 80 to 100 for the US energy investor that you make a fortune. At 120 at that point you really are looking at an inflationary environment, demand destruction and certainly disarray which would reach across most economies. China Russia and Saudi Arabia have gained leverage and their geopolitical objectives from OPEC plus's decision number three the US has lost leverage with lower fear of the shale industryLower concern from OPEC with what US is doing in shale than before.
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