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EssentialThe Essential Conversation

Why Oil Is About to Enter a Supercycle

Featuring Warren Pies, Michael Kao, and Jack Farley

Aug 04, 2021 • 60 minutes

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Essential

The Essential Conversation

Why Oil Is About to Enter a Supercycle

Jack Farley welcomes Warren Pies & Michael Kao to discuss the implications of the oil futures curve and the bullish case for an imminent super cycle.

Featuring Warren Pies, Michael Kao, and Jack Farley

Aug 04, 2021 • 60 minutes

Warren Pies, founder and strategist of 3Fourteen Research, and Michael Kao, CEO of Akanthos Capital Management, join Real Vision’s Jack Farley to dive into the implications of the oil futures curve and the bullish case for an imminent super cycle. Both Pies and Kao argue that it is in OPEC's best interest to keep the oil futures curve in backwardation because they sell into the spot price. In addition, this type of curve creates supply insecurity that Kao believes disincentivizes shale production. Pies sheds light on OPEC's reasoning on using the curve as a market management tool as they assess Covid's continued impact on oil demand. Filmed on July 23, 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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