Oil to Face Three Fundamental Changes, Citi’s Morse Says

The video discusses significant changes in the oil industry, focusing on the US's past decade of growth and its impact on global supply. It highlights OPEC's defensive stance due to shifting demand and supply dynamics. The discussion extends to climate action, emphasizing the need for government frameworks to support sustainability and infrastructure development. The video concludes with predictions on future oil demand, considering policies from major economies like China, the US, and Europe.

What was the impact of the US's energy production on the global supply over the last decade?

• It led to a decrease in OPEC's production.

• It contributed to 73% of the total world energy incremental supply.

• It had no impact on the global supply.

• It decreased the global supply significantly.

How did the Paris Agreement influence the bond market?

• It caused a decline in sustainability investments.

• It led to a skyrocketing of the bond market for sustainability.

• It had no effect on the bond market.

• It resulted in a decrease in government frameworks.

What is necessary for the US to effectively address climate change according to the discussion?

• Eliminating the Paris Agreement.

• Increasing oil production.

• Reducing investments in sustainability.

• More government frameworks and infrastructure development.

What is the projected oil demand by 2030 according to the policies in place?

• 120 million barrels a day

• 100 million barrels a day

• 110 million barrels a day

• 107 million barrels a day

What is the trend in the elasticity of oil demand relative to GDP?

• It remains constant.

• It is decreasing more rapidly than expected.

• It is unaffected by GDP changes.

• It is increasing rapidly.