Robert Rapier: Bottom Coming Soon in Oil?

Jason Burack of Wall St for Main St had on returning guest, oil and energy expert Robert Rapier of Energy Trends Insider http://www.energytrendsinsider.com/ to talk about the oil markets, natural gas and investing opportunities in the oil market.

Robert also has 2 paid newsletters for oil and energy investing with Investing Daily.

Jason asks Robert about how much the supply/demand picture has changed factoring in the enormous drop (about 40%) in oil prices since June.

Robert thinks there's been a dramatic over-reaction by the market on the downside and that there's great investing opportunities now in oil.

Robert and Jason discuss production costs, the capital expenditure (capex) budgets being drastically cut from $700 billion/year to find and produce more oil and the expected $150 billion cut in capex and what it will mean long term for the oil market.

Jason and Robert talk about the shale revolution, production costs for shale producers and how soon bankruptcies are coming.

Robert talks about where people should consider investing if they don't have exposure to oil yet in their portfolios or if they are looking for more income.

Jason and Robert discuss the natural gas markets and LNG. 
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