Oil Market Reminds Me of 1986 Price Drop: Sass

The video features a discussion with Martin Sass, CEO of MD Sass Associates, about the current state and future of the oil market. It covers Saudi Arabia's strategy to maintain market share, the denial among energy CEOs about market realities, and the impact of financial speculators. The conversation also touches on industry adjustments like CapEx cuts and potential defaults. Additionally, it highlights the increased market volatility due to oil and other macroeconomic factors, and suggests investment opportunities in the airline sector as a response to lower jet fuel prices.

What actions are major energy companies taking in response to the current oil market conditions?

What does the CEO suggest about the potential for defaults and M&A in the energy sector?