Two weeks ago, Saudi Arabia announced a surprise oil cut of over 1 million barrels per day that's going to run from May until the end of the year. We'll have to see how the policy environment develops as to whether we can see that investment take place here in the U.S., says John Defterios. It looks as though there is the possibility of a serious rupture between Saudi Arabia and the United States," he adds.
If a country can’t get natural gas to power its needs, where does it turn next?
Doomberg is an anonymous team of energy writers working on the number one financial publication on Substack. Motley Fool Senior Analyst Nick Sciple caught up with Doomberg to discuss: - Tradeoffs made during Europe’s energy crisis - A durable shift for coal demand - Countries shutting down (and investing in) nuclear energy - An energy storyline that “many analysts are underestimating”
Company mentioned: PXD
Host: Nick Sciple Guest: Doomberg Producer: Ricky Mulvey Engineer: Rick Engdahl
Learn more about your ad choices. Visit megaphone.fm/adchoices