Goldman's Currie: Oil Market Will Continue to Tighten

The video discusses the impact of US interest rate hikes on the dollar and global markets, leading to a negative feedback loop affecting commodities and deflation. It explores the dynamics of supply and demand, particularly in the oil market, and the role of money supply. The discussion includes OPEC's potential production cuts due to capacity issues and the implications for long-term oil prices. The challenges of European natural gas supply are addressed, with a focus on demand reduction and substitution. Finally, the optimal oil price for OPEC is analyzed, considering market equilibrium and spare capacity.

Discuss the potential impact of OPEC's production cuts on oil prices.

What challenges does Europe face regarding natural gas supply this winter?

What is the optimal price range for a barrel of oil according to the discussion?