Is the Oil Market Wrong to Rely on Increased Demand?

The video discusses the energy market outlook for 2017, highlighting a bullish perspective with expected price increases in the first half of the year. It covers trade predictions, supply and demand dynamics, and the impact of fiscal stimulus and regulations. The discussion also touches on China's strategic reserves and the US production landscape, particularly focusing on shale drillers' ability to adapt and increase production efficiently.

What is the expected average price for Brent crude in the first half of 2017 according to Michael Cohen?

• $50

• $57

• $70

• $60

What market condition is necessary to reach $70 per barrel according to Bob Iaccino?

• Increased supply from OPEC

• A utopia of demand

• A decrease in global demand

• A reduction in fiscal stimulus

Which country is mentioned as potentially having completed building a strategic reserve?

• India

• Brazil

• Russia

• China

What technological advancement has helped reduce the cost per barrel for shale drillers?

• Enhanced oil recovery

• Improved drilling techniques

• Advanced seismic imaging

• Cost price production cuts

What is the current cost per barrel at which some shale drillers can make a profit?

• $40

• $50

• $35

• $28