A wildcard I wonder about is Iran and whether Trump will resume sanctions. Also, how much teeth will the recent clampdown on uninsured tankers shipping Russian oil have on supply. Could force China to buy more from the open market again as their Russian supplies could be curtailed. Not only would these two things accelerate supply contraction but would be nice to significantly tighten the screws on Russia's chief source of foreign income.

President Trump should be good for Canadian oil. As soon as we get rid of trudeau.

Or maybe it’s because under the previous administration there were no sanctions against Russia and everyone in Europe was happy living on Russian fuel

Good summary Eric.

bro said "most people didnt see china demand falling yoy" and then a minute later says "demand is at all time highs." oil just refuses to acknoqledge the elevant in the room. China is ramping EVs like crazy, theyre the cheapest vehicle in the world. and exports are ramping... but sure keep saying demand is at ATH lol demand gone nowhere since 2019 and will soon start falling yoy

Nutty Nuttall horrendous energy analyst was terrible for yrs before covid then became genius when oil went negative and had nowhere to go but up. Now he has no idea w here oil is headed.

Thanks Eric. Been a fund-holder for a very long time now, at (?? least 10 years now). I knew tax-loss selling was going to be tough, but probably something to take advantage of. Frankly, I'm happy to pay your fees as I can't take the time to do it myself. I have price-limit orders in now on Income & your Equity funds... Hoping a lot of losers let my bids get hit. Merry Christmas to you and all you care about.

Good info though the background is disturbing/distracting

Is there a Namibia Oil Boom going on now? Chevron and Exxon is there making discoveries

Canadian energy up 10%???? Where??? 1. VRN down -36% 2. CVE down -15% 3. CNQ down -8%

Canada oil stocks are up 10% for the year? More like DOWN 10%.

Thanks from Norway :)

Thank you Mr. Nuttall. Have a wonderful Christmas and may God bless you and your family.

Always interesting and worthwhile. Thanks for another useful and timely update.

did oil companies fare well when Trump came to power in 2015, and what differences do u see in today's market?

Great video Bullish offshore oil services

Trump will get right on those tariffs after he builds the wall, locks her up, drains the swamp, and makes America healthy again.😜

Biden sold down the SPR...3-400 million barrels...to drive down inflation, so..WHEN will the US buy that back..?? Before... their ..next war..??

This is alpha

I find it hard to believe that the entire oil market is wrong and you two are right. Crude prices (WTI) topped out March of '22 and has been slowly falling since. Sorry, can't believe this is due to low inventories and/or lack of production. Now maybe a lack of monitored and measured production. Oh yeah...most probable but it's production nevertheless. There's too much oil on the market and waiting to come on to the market. That's why prices are down.

nice job

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I just think that the gap between the financial market and the supply/demand-market are only widening, when that correction in the end has to arrive, the discussion will be a totally different.

The irony is, there is a disconnect…their analysis is disconnected

Are we basically thru the first half, or even more, of all black oil ever laid down?

Eric...simple outstanding and excellent. Please hotshot a copy of her comments to Justin...to correct his over misunderstanding of basic energy economy fundamentals. Canada can succeed - despite poor govt management and really bad energy and environmental policy. Yr podcasts are great. And widening the scope of energy experts is helpful and most interesting!

It would be great to have Eric hold a discussion like this with Doomberg.

Saudis proved how silly they were when they increased production in 2014 to try to curtail shale oil production and instead cratered oil prices. Market dont forget.

Thanks for the interview. One criticism: Eric's sound was a bit quiet, perhaps his microphone wasn't picking him up that well?

Trudeau and his band of criminals must be removed and prosecuted… Canada could be a tax free country if we sold our clean energy🤦‍♂️🤦‍♂️🤦‍♂️🤬🤬🤬

Ya I noticed that as well their both wearing houndstooth

Pretty funny interview. There is not a disconnect between data and "sentiment", whatever that is, but plenty of data points that actually confirm what's going on. To suggest that OPEC has extending cuts quarter after quarter just for "sentiment" reasons is ridiculous. Weak demand for crude, China crumbling, super strong non-OPEC (incl. outside US/Shale), gigantic spare capacity by OPEC... The way inventories are handled here is also simply wrong. Today, OPEC has cut its own demand outlook, actually "forced" to cut because they already look ridiculous. These so called "perma-bulls" are just delusional. Nutt guy should interview Aramco head next time and ask him why even Aramco did not go from 12 to 13 mbd. I suspect this interview is paid by OPEC, trying desperately to create a narrative.

NICE IDEA GOOD JOB

What a bunch of crap

... digging the houndstooth Moiré effect

These two have been telling the inventory story for 3 years now and it stopped working 2 years ago.. Instead of asking why its not working, people take the easy blame-game route of saying govt intervention.

Wonderful interview. Thank you!

Eric when you are energy minister our coun

2 worst energy analysts out there. Recall how sen predicted 150 oil for 2023? Nutty was horrendous for yeaes vefore tge covid ceash tgen became a genius when oil went vefatuve where oil and tge energy sector gad nkwhere to go but up. Always bullish and mostky wrong...

Thank you so much Amrita for educating and providing confirmation to Mr. Nuttall on the oil markets. ( but I can't wait another decade to see the Oil Patch prosper , am 77 already). I would think that Saudis' oil reserves are not infinite, so therefore they probably have incentive to show discipline in selling their production; hopefully they remain steady in sales. Wind farms have been over-hyped by clueless greenies: sadly government incentives on new builds has been the driver: a few years ago in Texas, hot weather, no wind = only 8.3% efficiency. And environmental cost of wind farm cleanups, new blades, etc, is huge. So oil is the only way to go. Canada's clueless and corrupt prime minister and minister of environment are incompetent.

Hi Eric, thank you very much for the updates and wonderful information for exampe with today`s interview. Would it insipre you to also invite other experts like Joseph Schachter, Rick Rule, Helima Croft, Elliot Gue and the Energy expert lady at Scotia Bank? It would be wonderful to see those discussions. :)

Is nutjob still fighting the trend. It’s been 10 years already. When will he learn?

"Amrita Sen" is an anagram for "Mare Stain", while "Eric Nuttall" is an anagram for, well, something strictly ruder. Thanks for your thoughts on energy! o/

Great interview. The long format is fantastic for touching all corners of the whole oil market.

USA should do the right thing and slow down oil production asap. Opec and Opec + are a bit dumb to keep talking about spare capacity. Take the spare capacity off the table stop talking about it immediately otherwise Oil price will never rise.

What are your thoughts of Trudeau placing an export tax on energy to the USA? He will love to do this and blame it on Trump to cap oil production in Canada. 1st PM to try and end growth in his own country…😢

Has anyone watched the Land Man series on Paramount starring Billy Bob Thornton? He explains oil's place in the world like a smart Texas oil man would. How about our CNQ? Their low production cost and 90% ownership and longevity make them a big player. Trump won't put tariffs on out oil which goes to the US Midwest. Folks won't pay more with the new sheriff in town.

Love it from Norway

Mr. Nuttall can’t help himself. He wants so badly to be a bull. So badly that he fails to see that shale production has plateaued because of a low price.

Not on ripple…but on xrpl…