GE Sees Oil Price Rising in Baker Hughes Deal: Rattner

The transcript discusses GE's strategic move in the oil industry, focusing on a non-cash merger to control a large entity. It highlights the role of technology in improving productivity in oilfield services but doubts GE's ability to change the industry's economics alone. The conversation shifts to GE's focus on industrial assets and the potential impact on customers due to market consolidation. Finally, it addresses regulatory and antitrust concerns, particularly in light of upcoming mergers and the role of the Department of Justice.

What factors are mentioned that could influence the cost of drilling and production in the oil sector?

What are the expectations regarding regulatory scrutiny for mergers in the oil services sector?