Oil at $40 Will Hurt a Lot of Countries: Larry

The video discusses the significant impact of fracking on US oil production, nearly doubling output in recent years. It highlights health concerns and state policies, particularly New York's stance against fracking. The discussion shifts to OPEC's strategy, focusing on China as a key consumer, and the potential for oil prices to rise again. Speculation on oil prices and their global impact, including effects on countries like Venezuela and Nigeria, is explored. Finally, the geopolitical implications of oil prices, especially concerning Russia and Cuba, are examined.

What are the potential future oil price levels mentioned in the discussion?

How might the lifting of economic sanctions on Cuba affect its oil imports?