FGE's Fesheraki Sees Oil at $65 a Barrel Next Summer

The video discusses the current state of oil futures, OPEC's production cuts, and the impact of recent tax policies on the oil market. Farrah June Fisher, an energy expert, provides insights into how these factors influence oil prices and production. The discussion covers the potential extension of OPEC cuts, the effect of US tax policies on oil companies, and the implications for US crude production.

What recent change in tax policy is expected to benefit oil companies?

• Increased renewable energy credits

• Higher taxes on capital expenses

• Ability to write off more capital expenses

• Reduction in oil import tariffs

What is the main goal of OPEC's production cuts?

• Increase oil prices to $100 per barrel

• Reduce inventories to a five-year average

• Eliminate competition from renewable energy

• Double the current production levels

By when does Farrah June Fisher expect OPEC's production cuts to be extended?

• End of 2019

• End of the year

• End of 2018

• End of the current month

What is the critical price point for WTI that could influence US oil production?

• $50 per barrel

• $60 per barrel

• $54 per barrel

• $45 per barrel

What are 'ducks' in the context of US oil production?

• A nickname for oil traders

• A new renewable energy source

• Drilled but uncompleted wells

• A type of oil drilling equipment