Rocky Mountain Resources CEO Expects $70 Oil Next Year

The video features Alex Steele interviewing Chad Brownstein about the oil market, focusing on shale production and infrastructure spending. Brownstein discusses the impact of US infrastructure investments on oil prices and the role of rail transport in supporting oil production. He highlights the potential for growth in US oil production and the importance of government spending in driving infrastructure projects. The conversation also touches on hedging strategies and the decoupling of OPEC and WTI prices.

What is the main focus of the divergence discussed between OPEC and IEA predictions?

• European oil demand

• Middle Eastern oil reserves

• US shale production

• The role of renewable energy

How much is expected to be spent annually on US infrastructure over the next decade?

• $200 billion

• $300 billion

• $400 billion

• $100 billion

What is the expected increase in shale production value for 2018?

• 10%

• 15%

• 20%

• 25%

What is the primary driver for the increase in oil prices according to the discussion?

• Technological advancements

• Aggregate spending

• OPEC production cuts

• Increased global demand

Which infrastructure play is Chad Brownstein particularly interested in?

• Port development

• Highway construction

• Rail transport

• Airport expansion

What is the potential impact of corporate strategies on infrastructure spending?

• They can shift focus to buybacks and dividends

• They can lead to increased spending

• They ensure consistent spending

• They have no impact

What is the unique approach mentioned for hedging infrastructure investments?

• Relying on foreign investments

• Using corporate credit

• Investing in technology

• Leveraging government credit