MacroVoices Art Berman: Outlook for Oil for 2017

The interview begins at time code 09:30 (click the arrow on the left and drag the slide bar to 09:30)


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MacroVoices 9 March 2017

MACROVoices Interview: OPEC Production Cut, Crude Oil Outlook

Arthur Berman large

Erik Townsend and Aaron Chan welcome Art Berman to MacroVoices. Erik and Art discuss:

  • OPEC’s latest production cut agreement and what it means
  • Production cut being more akin to a floor than a ceiling
  • False conception of cutting production to bring balance to an already-balanced market
  • How excess oil in storage will suppress prices for some time to come
  • Weak demand growth similar to late-2014 won’t support higher prices
  • Resumption of U.S. production in response to higher prices
  • OPEC not being as desperate as portrayed by the media
  • Weakening global economy as the main driver for low oil prices




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Oil Basics & The Limits to Economic Growth

Oil Basics & The Limits to Economic Growth,” a presentation to the Reality 101 Honors Seminar, University of Minnesota, October 31, 2016.


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