Global Oil Market will be much tighter in 2020

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dan_s
Posts: 34602
Joined: Fri Apr 23, 2010 8:22 am

Global Oil Market will be much tighter in 2020

Post by dan_s »

Learn why Raymond James forecast that WTI will be over $75/bbl in six months might be too low. Adam Rozencwajg explains why we are likely to see triple digit oil prices within two years and it doesn't depend on war with Iran.

Bloomberg Interviews Adam Rozencwajg About Oil
12/ 04/ 2019
Topics: Oil Markets, Commodities, Natural Resources

BNN Bloomberg - 'We've never seen market sentiment this bearish' on energy
Here is the link: https://www.bnnbloomberg.ca/video/we-ve ... or~1830574


BNN Bloomberg - Not impossible we'll see triple-digit oil prices in the next two years
Here is the link: https://www.bnnbloomberg.ca/video/not-i ... or~1830578

At the end of the second interview, Adam Rozencwajg gives his top two picks. They are both in our Sweet 16.
Dan Steffens
Energy Prospectus Group
mattreue
Posts: 50
Joined: Mon Oct 02, 2017 12:23 pm

Re: Global Oil Market will be much tighter in 2020

Post by mattreue »

Dan, what are you smoking to rely on Adam Rozencwajg? Go back and read their newsletters for the past several years. OPEC+ is having to cut more just to support oil prices from crashing due to a projected surplus in IH20. We are way too early to be talking about "much tighter oil market" since we are still having production come online from the big CAPEX ramp up before 2015. Change the year to 2022 and you may be right.
mattreue
Posts: 50
Joined: Mon Oct 02, 2017 12:23 pm

Re: Global Oil Market will be much tighter in 2020

Post by mattreue »

"'We've never seen market sentiment this bearish' on energy"

No shit, Sherlock. What amazing insight.
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