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January 19, 2018 | IEA Sees “Explosive Growth” in Oil Supply

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Exploding supply growth and falling demand growth is a full circle to lower prices.

OPEC’s fear that another surge of shale oil could neutralize its production cuts might be coming true.

U.S. oil output is set for “explosive” growth this year as prices rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs group Inc. to OPEC itself warning of a looming output surge reminiscent of the “heady days” of the first shale boom. Here is a direct video link.

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January 19th, 2018

Posted In: Juggling Dynamite

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