Russia-Saudi Oil Spat Is an Attack on U.S. Shale, CFRA's Glickman Says

The video discusses the impact of geopolitical tensions between Saudi Arabia and Russia on oil prices, which have dropped significantly. This situation is seen as an indirect attack on US shale, leading to a challenging environment for the industry. The potential recovery for US companies is explored, with a focus on financial challenges and the need for CapEx cuts. The discussion highlights the complex dynamics of the energy market and the uncertain path to recovery.

What price point is suggested for oil in the discussion?

How are Saudi Arabia and Russia described in their approach to the energy markets?

What impact does the speaker believe the current situation will have on US shale?

What are the three levels of companies mentioned in the EMP space?

What does the speaker predict about future cuts in CapEx spending?