'Wouldn't Rule Out' $100 Brent, Oil Analyst Sen Says

The transcript discusses the challenges and potential of increasing crude oil production to 12 million barrels per day, focusing on Saudi Arabia's capacity and market dynamics. It highlights the lack of spare capacity and the potential impact on global markets, referencing past events for context. The discussion also covers the possibility of the US releasing strategic petroleum reserves to address domestic gasoline prices. Finally, it provides a forecast for energy prices, considering geopolitical factors and market conditions.

What is the current production level of crude oil mentioned in the video?

• 11 million barrels per day

• 10 million barrels per day

• 12 million barrels per day

• 13 million barrels per day

What is a significant challenge for Saudi Arabia in increasing oil production?

• High production costs

• Insufficient spare capacity

• Lack of demand

• Environmental regulations

Which countries are mentioned as potentially increasing their oil production?

• Brazil and Mexico

• United States and Canada

• Russia and GCC members

• China and India

What is one potential short-term solution for high gasoline prices in the US?

• Increasing domestic oil production

• Releasing oil from the Strategic Petroleum Reserves

• Importing more oil from Canada

• Reducing oil exports

What is the forecasted price range for Brent crude oil mentioned in the video?

• $70 to $80

• $80 to $90

• $90 to $100

• $100 to $110