What dual mandate does OPEC have according to the discussion?
Prestige Economics' Schenker on the OPEC+ Deal
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The video discusses the market's reaction to the OPEC Plus deal, highlighting concerns about the delta variant affecting oil demand. It explores the gradual increase in OPEC production and its impact on US shale producers, predicting higher oil prices in the future. The discussion also covers OPEC's strategy to maintain profitable oil prices without pushing consumers towards electric vehicles. Finally, it considers the potential response from the Biden administration to these market changes.
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What concerns arise when oil prices reach the $100 range as per the text?
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