BofA’s Blanch Says Oil Market Has an Under-Investment Problem

The video discusses the impact of price elasticity on hydrocarbons, forecasting oil prices to reach $100 by next year due to tightening supply and demand conditions. It highlights challenges in energy investment, particularly in the transition to a green economy, and the impact of energy policies on renewable sources. The discussion also covers the dynamics of oil prices, the role of air travel in demand, and the potential influence of COP 26 on future investments.

What factors are contributing to the expected rise in oil prices to $100 by the middle of next year?

How does the relationship between natural gas prices and oil prices affect market dynamics?

What are the implications of underinvestment in shale oil production on future oil prices?

What challenges does the transition to a green economy pose for the oil and gas industry?

Discuss the potential impact of weather conditions on energy supply and prices.

In what ways could the recovery of the airline industry affect global oil demand?

How might the upcoming COP 26 climate summit influence investment decisions in the energy sector?