What the Texas Deep Freeze Means for Oil, Natural Gas

The video discusses the energy crisis in the U.S., comparing it to Hurricane Katrina's aftermath. It highlights the significant loss of oil and gas production, leading to price fluctuations. The discussion includes predictions on future oil prices, considering factors like the dollar's strength and market conditions.

What event is the current energy crisis compared to in terms of initial underestimation?

• Hurricane Katrina

• The 2008 Financial Crisis

• Hurricane Sandy

• The 1973 Oil Crisis

What is the estimated daily loss of oil production due to the crisis?

• 4 million barrels

• 3 million barrels

• 2 million barrels

• 1 million barrels

How much gas is estimated to be lost daily during the crisis?

• 15 BCF

• 10 BCF

• 20 BCF

• 5 BCF

What is the expected price range for oil if the dollar index remains at 90?

• $50-$55

• $60-$65

• $75-$80

• $65-$70

What could cause oil prices to reach $80 per barrel according to the discussion?

• A breakdown of the dollar index to 18 and below

• A significant strengthening of the dollar

• An increase in oil production

• A decrease in global demand