Zell Says Biden Administration Is 'Anti-Oil'

The video discusses the extreme volatility in the energy sector, particularly focusing on oil prices fluctuating between $30 and $120 within a year. It examines the roles of OPEC and the US government in influencing oil prices, highlighting the US's regulatory actions that resemble a bid and ask system. The discussion also covers the US administration's anti-oil stance, which has led to reduced oil production and investment in fracking, potentially harming the US economy.

What was the range of oil price fluctuations mentioned in the video?

• Between 20 and 100

• Between 30 and 120

• Between 40 and 130

• Between 50 and 140

Which organization is mentioned as trying to limit oil market volatility?

• UN

• NATO

• WTO

• OPEC

How does the US government appear to influence oil prices according to the speaker?

• By setting a fixed price

• By controlling supply

• By announcing when it will buy and sell

• By imposing tariffs

What is the speaker's opinion on the US administration's stance on oil?

• It is supportive of oil production

• It is harmful to the US

• It is neutral

• It is beneficial for the economy

What has been the impact on US oil production as mentioned in the video?

• Increased by 2-3 million barrels a day

• Decreased by 2-3 million barrels a day

• Doubled in the last year

• Remained constant