In this episode of the Oil and Gas Sound Off Podcast, Joe Perino discusses the current state of low oil prices.
While oil prices have rebounded significantly off of their recent lows of around $27 a barrel, it is worth investigating how we got here and where things are headed.
Joe takes a good fundamental look at the supply and demand balance and offers his thoughts on where things are headed for the rest of 2016 and into 2017.
In this podcast, Joe explores the low oil price situation, and answers the questions:
- How low and for how long?
- Is the worst over?
- Have we seen the bottom for oil prices?
- Where are we now, and where have we come from?