Amrita Sen, Energy Aspects founder and director of research, joins ‘Squawk Box’ to discuss the recent oil rally, where WTI crude oil is back above $90 a barrel, whether we’re likely to see $100 a barrel in the near future, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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13 Comments
Maybe Biden should not of shut down oil production in the Gulf of Mexico, Alaska, etc?
Putin is in the perfect position to stick it to you this Winter.
I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market. i was at a seminar and the host spoke about making over $972,000 within 3 Months with a capital of $200,000. I just need creative ideas to afford my retirement.🚀🚀
Joe clueless
Looking foward to "climate change" called winter to freeze entire families due to energy crisis.
Pumping more oils will not lower gas prices. The head of the major oil companies testified in Congress. They do not control the price at the gas station. The oil companies do not care. Why produce more oil at 90 dollars a barrel?
There must be a huge database of "reasons" why gas prices change. I've been listening to them since the 70s and I don't think any one of them came up twice. That's one thing we have an endless supply of. 🤣
Artificially raising the price of a product to satisfy a political idology.
Shameful.
I'm no expert but I definitely don't think 2008 was the high for oil… demand and supply characteristics are totally different this time around.
what the hell is going on
Biden has no plan to increase oil supply and our oil supply is depleted.
Oil companies are not going to react quickly to high oil prices like they have done in the past. They are currently paying down debt and share buy backs and dividend increases.
I think that oil could get as high as $120 a barrel.