Oil
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“Preston. I generally agree with your thoughts, but your example on oil was very poor one. You obviously don’t know much about oil. There will be cuts but they won’t manifest in the market in the next three to four months but rather the three to five years. Deferred capital investment manifests itself on the longer curve. Short-term volume will be shut in and when demand resumes about 80% of that volume will be returned (20% won’t be economical to bring back). Weak oil companies will fail but their reserves will not away. The quality reserves will move to stronger hands and will be produced. May be other inflationary pressures but won’t be from oil. Plenty of oil that is easily accessible. Oil will reach $100 /bbl again some day but no time soon.”
Wade from ICT via Apple Podcasts ·
United States of America ·
03/22/20
More reviews of We Study Billionaires
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“Probably the best podcast in terms of deep thinking about investing. Absolutely insane to have this kind of a free resource.”
Leova84 via Apple Podcasts ·
United States of America ·
07/22/15
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“As a beginner Preston and Stig are great at breaking down the complex investing world for the listener.”
Tom OD via ·
05/05/15
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“One of the best investor related podcasts and content available. In addition to the podcasts I highly recommend the investor videos that Preston and Stig have developed. These are very easy to follow and are designed to build on your knowledge. I eagerly look forward to the weekly podcasts. ...”Read full review »
SamM001 via Apple Podcasts ·
United States of America ·
03/19/15
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