Who Are the Winners and Losers from Oil's Plunge?

The video discusses the current state of the oil market, highlighting strong price pressures due to high production levels and near-record inventories. It explores the gradual impact on the oil industry, noting that many firms are financially prepared to withstand lower prices. The discussion also covers potential shifts in production strategies and the role of economic growth in future demand, suggesting that global consumption may increase, potentially stabilizing prices.

What role does the global economy play in the demand for oil?

What is expected to happen to global oil consumption in 2015 compared to 2014?