Oil is the 'most investable space out there' in the economy right now, says Jeff Currie
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- Jeff Currie, Goldman Sachs partner alumnus and advisory board chair of the University of Chicago’s Energy Policy Institute, joins 'Squawk Box' to discuss his outlook for the commodities markets, top oil and energy market risks in 2024, impact of Fed's rate path decision, and more.
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Every time oil goes up 10% this guy comes out of the woodwork with $200 barrels lmfao
I wish they could just let him speak without interrupting....
Great to see him back! Even when he's wrong he's the oil GOAT
He is a total idiot
And Paul Sankey
Currie and Sankey have been wrong for an awful long time. Sankey pivots constantly to correct his bad calls.
Good stuff Jeff Currie is right
Interesting. But there's a factor that's not being discussed. Allies of Ukraine, including the USA, want to keep oil prices down as a way to reduce Russia's revenues. This being an election year, factors such as that and the factors he mentioned ( 3:13 ) about food and gas prices, will be more important than ever.
Smart man.
Morse at Citigroup got it right though?
Yes the US is going to cause an oil price spike during election year 😂
Did anyone notice that oil, along with almost every other commodity plus the Dow are all sitting on the weekly 200 day moving average and have completed a chart breakout pattern? We could be at the start of the mania phase where every market including uranium start moving to all time highs. People need to watch less news and look what traders and market makers are setting up.
How can us production be the highest when the number of rigs have fallen to the lowest level? It doesn't make any sense.
Small e and p players are trying to produce as much as they can to look good for merging. See Exxon and pioneer. Oxys acquisition. Etc. It won’t last.
An important point is that modern rigs are far more efficient as are production
@@Javalipapere but the oil will eventually run out and you are going to need to look for another well to pull from.
@@liberty9404 that oil will be depleted too. You have to look for new sources to drill from.
US has never been more energy independent. 2024 forecast looks great for energy.
net exporter, but not independent. Crude - we're a net importer of crude and net exporter of products from it. it's not like we're doing it all without importing anything, we're leveraging a well functioning refining industry.
@lylestavast7652 US broke production records in 2023 and is the worlds leader. Also, the US is the worlds leader, in gas production as well. How about this, the US has never been closer to energy independence?
That’s a blatant lie, we literally tapped a good chunk of our stockpile.
@jbird452 I think you're conflating issues. Using oil from reserves was to low prices, which didn't impact oil production within US. Thr US has never produced more oil and gas than what it did in 2023. The US has never been more independent
we take Saudi oil we don't need so they spend billions keeping our military factories churning out weapon systems. Just like the over 4 Mbpd of oil dumped on Gulf from Canada that we wouldn't need if we upgraded our refineries to be able to use pure light, sweet shale oil. It keeps Republicans fed and relevant. Takes billion$ to be relevant.
We need car with real muffler to feel fast.
What about $100 call. And he gets paid for that.
Jeff Curie was an absolute disaster last year and has no humility
For the past few years, I've seen Goldman periodically come out with this commodity super psycho prediction. And it never comes true.
Boom
its not if we have a recession
Blud is waffling. There is enough oil
7
So he got it wrong?
no it's not
This guy is always wrong !!! What a joker
lol he's always bullish on commodities...... 50% of the time he's wrong !
I have a lot of commodities in my portfolio and had an awesome year. To say he was wrong is you don’t know how well commodities pay. In a down year you still profit, last year was very good on both fronts for myself. I’ll take double digit returns consistently every year. It’s exactly why I always say $70-80 oil is good for everyone.
@@bps7209 its all relative. you would've definitely had a better year being overweight in tech.
@@gordoncomstock5699 now maybe, but I’ll take a more consistent double digit returns. I surely wouldn’t be buying at this level in tech. If tech wasn’t so overpriced I would be looking at them more. I’ve been on both ends of tech. the downside can really brutal at times. I did just recently sold all of my Apple, and am not even interested to put any new dollars towards them right now. I don’t hedge as an investor, I have no need to. As I always try to say good luck with your investments.
But Jeff, you are supposed to factor in political climate when you run the analysis for oil. Basically, you failed the viewers.