Can Oil Producers Handle a $70 Per Barrel Price?

The video discusses Goldman Sachs' revised forecast for oil prices, predicting a drop to $70 by mid-2015. It explores how oil and gas companies should respond, emphasizing the importance of focusing on core assets. The discussion highlights the economic viability of oil at $70, comparing it to past downturns, and considers geopolitical factors affecting the market. Differing opinions on future oil prices are presented, with a focus on economic growth and demand.

What factors are driving the current oil price challenges?

What is Chris's perspective on the future of oil prices?