Occidental CEO Says Oil Could Hit $150 a Barrel

The video discusses the potential rise in oil prices to $150 due to supply and demand issues, and the impact on gasoline prices. It covers the challenges faced by the oil industry, including supply chain disruptions and labor shortages, and the need for government support. The video also highlights OPEC's reduced market share and the opportunities for the US oil sector. Additionally, it addresses carbon capture initiatives by Occidental to reduce emissions.

What are the expected outcomes of increasing production in the oil industry?

What role does the speaker believe the oil and gas industry plays in global energy pricing?

What are the plans for the direct air capture facility discussed?