Cohen: 2-3 Million Oil Barrels Per Day Lost to Disruption

The video discusses the impact of Kazakhstan's oil field on OPEC and non-OPEC oil supplies, highlighting the challenges faced by companies like Chevron. It also examines global oil supply disruptions due to conflicts in regions like Libya, Iraq, and Sudan, estimating a potential return of 2 to 3 million barrels per day. The economic implications of sustained low oil prices are explored, emphasizing reduced revenue for oil-producing countries and its effect on global trade.

What is the expected production capacity of the Kashagan oil field by the end of 2017?

• 300,000 barrels a day

• 1 million barrels a day

• 150,000 barrels a day

• 500,000 barrels a day

Which region is NOT mentioned as having disrupted oil supply due to conflicts?

• Venezuela

• Libya

• Iraq

• Sudan

How much global oil supply is estimated to be disrupted due to wars and terrorism?

• 2 to 3 million barrels a day

• 3 to 4 million barrels a day

• 4 to 5 million barrels a day

• 1 to 2 million barrels a day

What is the impact of low oil prices on oil-producing countries' economies?

• Decreased revenue and exports

• Increased revenue and imports

• Stable revenue and increased exports

• Increased imports and stable revenue

What is the effect of low oil prices on nominal world trade?

• Stability in global trade

• Decrease in oil-producing countries' imports

• Increase in oil-producing countries' exports

• Increase in global exports