BofA’s Blanch Sees Three Reasons Why Oil Will Rise to $100

The video discusses the demand dynamics affecting oil prices, focusing on pent-up demand, avoidance of mass transit, and remote work trends. It highlights the slow return of business travel and its limited impact on overall demand. The supply side is examined, with emphasis on government policies, investor pressures, and OPEC's role in maintaining discipline. The potential for increased shale production is also considered.

What is one of the main reasons for the expected increase in oil demand post-pandemic?

• Increased use of public transport

• Reduction in industrial activities

• Decrease in global population

• Pent-up demand from lockdowns

How does the work-from-home trend affect driving habits according to the speaker?

• It encourages the use of public transport

• It results in more driving

• It has no impact on driving habits

• It leads to less driving overall

What evidence is provided to suggest that pent-up demand will outweigh the slow return of business travel?

• Growth in online shopping

• TSA checkpoint data showing high passenger numbers

• Increase in hotel bookings

• Rise in car sales

What is a potential risk to the supply increase from OPEC?

• Lack of demand

• OPEC's discipline in maintaining supply levels

• Excessive government subsidies

• Technological advancements in renewable energy

Which factor is NOT mentioned as holding back oil supply?

• Investor pressures

• Technological limitations

• Government policies

• Judicial rulings