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EssentialThe Essential Conversation

Oil Hike and Omicron Fears are Worrying Investors

Featuring Warren Pies and Michael Kao

Dec 07, 2021 • 46 minutes

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Essential

The Essential Conversation

Oil Hike and Omicron Fears are Worrying Investors

If this winter is freezing, how will we stay warm with an increase in oil prices?

Featuring Warren Pies and Michael Kao

Dec 07, 2021 • 46 minutes

Taper tantrums, scary headlines, Omicron fears, and cold winters are making consumers very nervous. Michael Kao and Warren Pies agree that oil prices are going much higher. Nothing goes up in a straight line, but fundamentals support a rise in the price of oil, says Kao. Pies argues that if the Omicron variant turns out to be more deadly and more transmissible than expected, the world is in for a much bigger mess that will impact oil and other risk assets. Kao and Pies analyze the significance of the U.S. decision to release oil from the Strategic Petroleum Reserve in an effort to lower prices, likening it to “spitting in the Ocean.” Pies suggests that bad policies are being implemented at the government level and by officials who think the oil and gas era is over. "If politics and optics are going to drive policy that is a scary place to be,” says Pies. What is the role of OPEC+ in this? Will other countries follow the U.S. decision to release reserves, or will they back out? These important questions are answered by Kao and Pies for investors who decide to bet on oil. Recorded on November 30, 2021. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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