How Low Could Oil Fall?

The video discusses the impact of OPEC's decisions on US shale producers, highlighting a Bloomberg News story about potential oil prices dropping to $40. It examines production costs and breakeven points for US shale producers, with insights from Paul Stevens and the IEA. The video analyzes Brent crude oil price trends since 2014, noting significant declines and historical comparisons to the 2008 financial crisis and the 1980s oil crash, driven by Saudi Arabia's market strategies.

What are the potential implications of OPEC's actions on US shale producers?

According to Paul Stevens, at what price per barrel might some US shale producers break even?

What was the significant decline in oil prices observed in November?

How did the oil prices in 2008 compare to the prices in the years following?

What historical event in the 1980s is compared to the current oil market situation?