I've Never Seen Markets Like This: Goldman's Currie

The video discusses the current state of the oil market, highlighting its exceptional tightness and vulnerability to supply and demand disruptions. It draws parallels with the European gas and power markets, emphasizing the risks identified in the previous year. The speaker describes the current situation as a 'molecule crisis' with widespread shortages across various commodities, contrasting it with the 2008 financial crisis. The concept of backwardation is explored, noting its historical significance and current prevalence in the market, indicating textbook shortages.

What does 'super backwardation' in the oil market indicate?

• A tight market with potential disruptions

• A decrease in oil prices

• A stable market with balanced supply and demand

• A surplus of oil supply

How does the current oil market compare to the European gas and power markets?

• It is more stable

• It is less volatile

• It shows similar vulnerabilities

• It is completely different

What is the main concern highlighted in the second section regarding the oil market?

• Technological advancements

• Supply or demand adjustments

• Increasing oil prices

• Environmental impacts

How is the current market situation described in contrast to the 2008 financial crisis?

• As a financial crisis

• As a molecule crisis

• As an environmental crisis

• As a technological crisis

What economic concept introduced by Keynes is relevant to the current market situation?

• Deflation

• Contango

• Inflation

• Backwardation