Iraqi Clash Can Provide Oil Supply Shock, Says Gammel

The video discusses the potential impact of disruptions in Kurdish oil exports on global oil prices, highlighting the role of OPEC's spare capacity and the dynamics of supply and demand. It explores the short-term and long-term effects on oil prices, considering factors like investment and construction cycle times in the US and globally. The discussion also covers the potential for price changes to trigger supply reactions, particularly in the US, and the challenges of slow supply responses outside the US.

What potential impact could the removal of 550,000 barrels a day from the Kurdish region have on the oil market?

How does the supply side of the oil market compare to the demand side over a five-year timeframe?

What factors could lead to an increase in oil prices to around $65?

What is the expected lag time for the US to react to changes in oil prices?

Why might the construction cycle time outside the US affect the supply reaction to oil price changes?