Whats Behind Oil Price War 3.0?

The video discusses the ongoing oil price war, focusing on the dynamics of demand and supply in major US oil plays like Eagle Ford, Bakken, and Permian Basin. It highlights the impact of technological advancements on production efficiency compared to 30 years ago. The discussion also covers economic considerations, such as the reluctance of producers to cut production due to investor expectations, even when prices fall below $80 per barrel.

What is the main focus of the oil price war discussed in the video?

• Improving oil quality

• Reducing environmental impact

• Gaining market share

• Increasing oil prices

Which of the following is NOT one of the major oil plays mentioned in the US?

• Alaska North Slope

• Permian Basin

• Bakken

• Eagle Ford

At what price range are returns from the major US oil plays considered reasonable?

• $50.00

• $70.00

• $80.00

• $60.00

How does the current oil production scenario differ from 30 years ago?

• Greater environmental regulations

• More efficient production

• Less advanced technology

• Higher production costs

Why are producers hesitant to cut production even when prices are low?

• Fear of losing market share

• Fear of disappointing investors

• Government regulations

• Lack of storage facilities