IEF's McMonigle: $150 a barrel is still possible

The video discusses the challenges faced by OPEC and other market participants in the energy sector, particularly in light of the Ukraine crisis and its impact on Russian oil supplies. It covers oil price forecasts, consumer concerns, and the supply-demand dynamics influenced by geopolitical events. The discussion also touches on European energy policies and the role of OPEC Plus in stabilizing the market amid geopolitical tensions.

What is the significance of the gap between oil demand and supply as discussed?

How does the speaker describe the current state of the energy market?

What are the implications of sanctions on Russian oil supplies for global energy prices?