Analyst Sen Doesn't See Sustained $100 Oil This Year

The video discusses the current state of the oil market, highlighting the tight supply and rising demand, especially in Asia post-COVID. It explores the sustainability of high oil prices, noting that income elasticity is stronger than price elasticity, which may prevent a demand slowdown. The discussion also covers the long-term outlook, emphasizing underinvestment in the oil sector and a policy mismatch as demand continues to rise despite energy transition narratives.

What are some potential sources of additional oil supply mentioned in the video?

• Increased production from China

• Increased production from Russia

• Lifting sanctions on Iran

• New oil fields in Europe

Why is demand expected to rise significantly in Asia?

• Due to a rise in population

• Due to new industrial policies

• As a result of easing COVID restrictions

• Because of increased tourism

How do current oil prices compare to those in 2008 when adjusted for inflation?

• They are double the 2008 prices

• They are about the same

• They need to be 30% higher

• They are 30% lower

What is stronger than price elasticity in the current oil market scenario?

• Production elasticity

• Income elasticity

• Demand elasticity

• Supply elasticity

What is a major reason for the long-term imbalance in the oil market?

• Rapid technological advancements

• Excessive government subsidies

• Underinvestment in the oil sector

• Overproduction in the Middle East