Don't See $100 Oil Anytime Soon: RS Energy's Brower

The transcript discusses the potential for triple-digit oil prices, highlighting supply risks and market dynamics. Saudi Arabia's strategy to maintain market balance and replace Iranian oil is examined, along with the impact of spare capacity and risks from Libya. The discussion also covers the dynamics of the oil market, including supply-demand balance and future projections, with a focus on political influences and OPEC's role.

Discuss the potential impact of the situation in Libya on global oil supply.

What are the expected trends in oil demand and supply over the next year according to the text?