U.S. Is Key to Where Prices Go: Yergin

The video discusses the dynamics of supply and demand in the oil market, highlighting the impact of increased U.S. oil production and global economic factors on oil prices. It examines the economic viability of shale oil production and its implications for the U.S. economy. The discussion extends to the global economic effects on countries like Japan, China, and Russia. The role of OPEC and geopolitical factors in oil pricing are analyzed, with predictions on future oil price trends and market dynamics.

How might the OPEC meeting at the end of next month influence oil production strategies?

In what ways could a deal with Iran affect the global oil market?

What role does supply and demand play in the current oil market situation?