Jun 4, 2015

Is Saudi Arabia setting things up for a big oil spike?  Some experts who follow supply and demand within the oil industry believe so. SA has exceeded all records of production in an attempt to crush the shale industry, and in so doing, their reserve spare supply is now dwindling. Steve and Sinclair review an article by oil commentator Nick Cunningham who points out that Saudi Arabia wins either way--a low price or a high price, and at some point, demand and supply will change equilibrium. Meanwhile, big private equity investors are moving into oil and gas as a contrarian investment reports the Wall Street Journal.