- September 2, 2016
- Posted by: Art Berman
- Categories: Audio/Video & Articles, Presentations & Publications
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MacroVoices: Art Berman: Labor Day Weekend Oil Special
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Erik Townsend and Aaron Chan welcome Art Berman to MacroVoices. Erik and Art discuss:
- Looking beyond absolute inventory numbers and gleaning insights from comparative inventories
- Recent anomalous comparative builds relative to historic trends
- Continued time-spread compression reflecting producer hedging or lack of concern for a storage crisis
- The selective capital raising environment for producers
- Oil market balance and Saudi Arabia’s fundamentally ineffectual ‘production freeze’
- Stabilizing US production and evaporation of upside price catalysts
- Feedback loop of insanity in inventory builds and production
- Claims of sub-$40 producers in the Permian basin
- Concerns over consumption growth not aligning with change in prices
- Timing for a moonshot in oil prices following a period of supply destruction and investment deficits