Oil Supply & Demand and the Big Picture – Dan Steffens

(Before It's News)

TND Podcast Spotlight:  Wall St for Main St

Jason Burack of Wall St for Main St had on returning guest, oil expert Dan Steffens of the Energy Prospectus Group https://www.energyprospectus.com/

Dan has over 30 years of experience working in the oil and gas industry.

During this 30+ minute interview, Jason asks Dan about OPEC and the oil cartel’s power over the oil market?

Dan says OPEC more specifically the Saudis has tried to intentionally bankrupt shale oil companies to gain market share but that OPEC is hurting financially now with these low oil prices.

Dan thinks OPEC may cut production in the near future.

Next, Jason asks Dan why M&A hasn’t occurred in oil exploration and production companies?

Dan expects that to occur in the near future after oil prices start to rise.

Jason and Dan discuss the supply/demand fundamentals of oil. Dan says 25 times the amount of real oil is traded daily in paper oil. (Does this remind you of gold and silver futures markets?)

Jason asks about potential dividend cuts from Chevron, ExxonMobil, etc. Dan doesn’t think they will cut the dividend.

To wrap up the interview, Jason asks Dan about the natural gas and the LNG markets as well as what types of oil companies are safe investments.

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About Wall Street From Main Street

We provide in depth content from many investing experts all over the globe. Over 250 interviews with many top experts including Jim Rogers, Doug Casey, Dr. Marc Faber and Jim Rickards! Over half a dozen billionaires interviewed! Unique, in depth round table discussions with experts on interesting investing topics about different asset classes and sectors of the economy.  Wall St For Main St, LLC was founded by Jason Burack from JasonBurack.com and Mo Dawoud from Momoney Blog in 2009. John Manfreda from freedolnomics.com joined the company as an owner in 2011.  We are a unique investor education and financial education start-up company out of the DC/Northern Virginia area with a mission to revolutionize the way people learn how to invest.  Visit our website (click here) and our YouTube channel (click here).

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