Whalen: Tillerson Interesting Choice for Sec. of State

The transcript discusses the potential impact of Rex Tillerson's appointment on oil majors, highlighting Exxon Mobil's significant role. It examines the credit cycle and private equity's influence in the US oil sector, noting the resilience of shale oil producers. The discussion extends to Trump's cabinet choices, suggesting minimal impact on oil production dynamics. The conversation concludes with an analysis of Trump's cabinet composition, comparing it to historical precedents and emphasizing the presence of technocratic bankers.

In what ways did OPEC's strategy backfire according to the discussion?

How does the current cabinet being assembled by Mr. Trump differ from previous administrations?