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!
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. :)
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…😢
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.
I would like to hear more specific details about OPEC members other than Saudi Aramco. There is not enough coverage. Amrita needs to slow down. Can't understand what she's saying. It's not that hard to explain. Downstream is the tough part. Once Upstream is jamming, the crude has to be transported. Then stored. Then delivered. If there's a mismatch in supply and demand, it gets real complicated. Oil is money. It gets turned into alot of consumer items. Not just petrol, or fuel for electric power.
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.
"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/
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.
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.
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.
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.
Really? The graphs Dr. Martensen presents ( Peak Prosperity) on YT showing that shale plateaued during 2022-3 when WTI was north of $100 USD ( except for the Permian fields) was wrong?
Great interview. The long format is fantastic for touching all corners of the whole oil market.
Wonderful interview. Thank you!
Thanks for the interview. One criticism: Eric's sound was a bit quiet, perhaps his microphone wasn't picking him up that well?
Fantastic interview. Thanks. I'm big fan of Amrita! I think she is the #1 Oil Analyst in the World. I'm Canadian from Alberta.
Always insightful!
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!
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.
Love it from Norway
"Oil bull" to me simply means oil is not going away..billions live in energy poverty and require it
It would be great to have Eric hold a discussion like this with Doomberg.
... digging the houndstooth Moiré effect
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. :)
Patricia Moore at BNS
This interview is now a month old. It had aged well in 30 days.
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…😢
Don’t give him Any such idea
@ they have already announced it
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.
I would like to hear more specific details about OPEC members other than Saudi Aramco. There is not enough coverage. Amrita needs to slow down. Can't understand what she's saying. It's not that hard to explain. Downstream is the tough part. Once Upstream is jamming, the crude has to be transported. Then stored. Then delivered. If there's a mismatch in supply and demand, it gets real complicated. Oil is money. It gets turned into alot of consumer items. Not just petrol, or fuel for electric power.
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.
*Re: Abdulaziz bin Salman Al Saud | The "Word Salad" Prince*
_....... correct._
_....... and that's what started all of this nonsense._
Regards -
"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/
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.
Eric when you are energy minister our coun
Yry will finnaly prosper
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.
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.
Ya I noticed that as well their both wearing houndstooth
Are we basically thru the first half, or even more, of all black oil ever laid down?
The irony is, there is a disconnect…their analysis is disconnected
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.
So you are the expert?🤪
Really? The graphs Dr. Martensen presents ( Peak Prosperity) on YT showing that shale plateaued during 2022-3 when WTI was north of $100 USD ( except for the Permian fields) was wrong?
Is nutjob still fighting the trend. It’s been 10 years already. When will he learn?
What a bunch of crap