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Maxwell Benz
CNBC Television
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Comments by "Maxwell Benz" (@Tential1) on "China is a wildcard that can keep downward pressure on oil prices, says Energy Aspects' Amrita Sen" video.
Yes, she didn't say right away. She said it will go up as we are in structural deficit. Go listen to longer interviews with her. The price oil is at right now is literally where she said it would be. 80 dollar price floor, with it to move much higher if we can't figure out new supply. Iran and Venezuela are the last hopes, both us enemies. So either America looks dumb and caves to its allies, or we shoot up come winter. But hey, take the other side. That's what makes a market. I've seen hours of data on this. There is no additional supply. The second we need anymore, China out of lockdown, European winter, spr reserve release ends, where is the additional supply? None of you address the 3-7 year lag time to bring on the supply. All of the data is out there dude.... If we didn't have millions of barrels stored in reserve we'd be screwed. We are drawing down inventories.
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