T. Boone Pickens on Rex Tillerson, Oil

The video discusses Rex Tillerson's potential appointment as Secretary of State, addressing concerns about his ties to the oil industry and Russia. It explores the potential conflicts of interest between US diplomatic goals and energy business interests. The video also covers Exxon Mobil's leadership transition and provides insights into OPEC's oil production cuts and their impact on global oil prices.

What is a potential concern regarding Rex Tillerson's appointment as Secretary of State?

• His lack of experience in international relations

• His background in the oil industry

• His previous role in the education sector

• His relationship with the media

Why might Tillerson's relationship with Vladimir Putin be problematic for U.S. foreign policy?

• It could lead to biased decisions favoring Russia

• It might improve U.S.-Russia relations

• It could result in increased oil prices

• It might lead to a decrease in U.S. exports

Who is considered the potential successor to Rex Tillerson at Exxon Mobil?

• Darren Woods

• Goldman Sachs

• Joe Biden

• Vladimir Putin

What is the main focus of OPEC's recent announcement?

• Investing in renewable energy

• Maintaining current production levels

• Cutting oil production

• Increasing oil production

What is the expected impact of OPEC's production cuts on oil prices?

• Prices will decrease

• Prices will remain stable

• Prices will increase

• Prices will fluctuate unpredictably

What is a common skepticism about OPEC's production cut agreements?

• They will lead to overproduction

• They will not be adhered to

• They will cause a global recession

• They will benefit only the U.S.

How quickly can U.S. oil production respond to price increases?

• It cannot respond at all

• Instantly

• Not quickly

• Very quickly