Leo Drollas
Leo Drollas
barrels lightning market paper react rod shortage stored traded volatile
In the wet-barrel market - the real barrels that are stored and traded - there is no shortage of oil. But the paper barrels - the futures market - react like a lightning rod in a volatile market. That's their role.
cost developing finding oil price reason
Going by the cost of finding and developing oil today, there is no reason why the long-term price should be at $50-plus.
coming flows money
There's money coming in -- and it's big money. These flows are huge.