Goldman's Currie Has High Confidence in Oil Price Spike in 12-18 Months

The video discusses the impact of COVID-19 and the Ukraine war on the commodity market, highlighting China's significant role in creating spare capacity due to its lockdowns. As China recovers, the market faces tighter conditions. Investor interest in commodities is low, but potential capital flows could change this. The concept of peak oil is revisited, with energy security becoming a priority due to supply concerns in Europe. The video also explains the commodity super cycle, characterized by price spikes, and predicts another spike in the next 12 to 18 months.

What major event last year significantly affected the global oil market?

• A surge in renewable energy usage

• Increased investment in oil

• China's economic contraction

• The war in Ukraine

What is the expected trend for oil prices towards the end of the year?

• They will fluctuate around $70

• They will rise above $100

• They will drop below $50

• They will remain stable

Why has investor participation in the oil market been low recently?

• Lack of interest from clients

• High oil prices

• Government regulations

• Increased focus on renewable energy

What is a key concern regarding energy security in Europe?

• Decreasing oil reserves

• Over-reliance on coal

• Excessive renewable energy production

• Inability to meet gas supply

How is a commodity super cycle characterized?

• Stable prices over a long period

• A steady increase in prices

• A sequence of price spikes

• A continuous decline in prices