The oil market is oversupplied right now, says S&P Global's Dan Yergin

Рет қаралды 21,358

4 ай бұрын

Dan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss the energy markets, the impact of the Red Sea attacks, energy transition outlook, and more.

Пікірлер: 31

@earlrichards5759 4 ай бұрын

If the market is over supplied, then, why isn't the crude oil price dropping?

@WorldIsWierd 4 ай бұрын

Only in the US. The crude market now has two half. The US centric one and the eastern china one and the china one will get crushed by pirates

@questioneryusef8264 4 ай бұрын

THE ONLY REASON WHY PRICES ARE NOT SO HIGH BECAUSE OF THE EV REVOLUTION. OVERSUPPLY OF OIL LESS ICE ON THE ROAD. OR MANIPULATION. FOOD FOR THOUGHT.

@todorkolev7565 4 ай бұрын

to understand the angle better: This dude, from "S&P Global" wants to say "There's plenty of oil" = reduce oil prices = increase S&P 500 performance. When Trillions are involved, people will say whatever, as long as it serves their interests.

@7jahson 4 ай бұрын

The US has been the biggest producer since 2018. However, the President ineffective at articulating that. And former President is highly effective at articulating US is poorest at producing oil and must drill baby drill.

@TonyKingOfTheOzone 4 ай бұрын

Joe being a BTC bull love it. Orange pilled and thrilled.

@imtryinghere1 4 ай бұрын

He's not

@bonbonz3011 4 ай бұрын

US is by far the largest oil producer and we are still paying over $3 a gallon?

@adifferentpolitics5129 4 ай бұрын

Capitalism! We pay our entrepreneurs

@FloydMickenbooder 4 ай бұрын

CAUSE ITS AMERICA 🇺🇸🇺🇸🇺🇸🦅🦅🦅🦅💥💥💥💥

@Elska2 4 ай бұрын

If this was Saudi Arabia we would be paying under $1 a gallon 😂

@gazjaz2010 Ай бұрын

true gasoline price in US is way higher than $3 something ... the oil & gas industry receives hundreds of billions of federal and state dollars thru straight up free money subsidies and also giant tax breaks

@tiaretsnyheter6026 4 ай бұрын

"We talk a lot about climate change at Davos" Not a lot. Not a lot, when the analyst (Dan) says oil will peak 2030s, while the global mean temp passes 1,5C this year (2024). Remember that, 1,5C, the big number everyone signed on to? And what are the news channels saying btw? Credibility issues...

@grandmiserthe3rd434 4 ай бұрын

It's about....... bailing out Joe

@jacobwatson3781 4 ай бұрын

Joe has produced more oil than any other president.

@rickhayes-oh2zm 4 ай бұрын

China sent their space ship to the moon. How did you do on that.

@tonymeehan867 Ай бұрын

Hate that “conservative” CNBC host. All agenda, zero insight, zero respect, and he’s interviewing a legend here.

@jww23nyc 4 ай бұрын

Oversupplied how? That is just untrue....

@imtryinghere1 4 ай бұрын

8 m barrel coming from angola

@jww23nyc 4 ай бұрын

@@imtryinghere1 only 1.23 million per day coming from angola. By the time they ramp up production it wont be profitable enough to pump . .not at this rate. Prices are already teetering at current production levels. If anyone introduces more capacity then prices drop and margins shrink. I think you will see some US companies take some rigs offline or reduce future investments in new sites. Thats why they are growing through acquisition now. To take a large share of existing supplies.

@da0afd79 4 ай бұрын

US strategic oil reserve still a long way until they are refill back to the 2021 levels. Like 300+ million barrel needed.

@markbain9290 4 ай бұрын

What is the carbon footprint of all these talking heads flying over to Davos and staying there several days? If they genuinely cared about the climate, they wouldn't fly there! All this kerosene burnt over the Alps...