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July 2, 2017

The Oil Market Needs To Crash (Video)

By EconMatters

We discuss the EIA Oil Inventory Report in this video, looking at the data for the week and year over year at come to some dire conclusions for the oil market. The economics of the oil market are broken, everyone is in denial, and it will take a market crash to instill economic discipline to the energy industry as a whole. Something in the nature of $15 - $18 a barrel oil price that stays down there long enough to teach oil market participants the same type of lesson the housing crisis taught financial institutions about No Doc Loans, No Down Payment Loans, and Due Diligence in vetting loan candidates.

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Item Reviewed: The Oil Market Needs To Crash (Video) Rating: 5 Reviewed By: EconMatters