Steve Liesman: Prices Could Rise Further When Oil Becomes Harder to Get

LIESMAN: “Oil in tankers. I think they knew this was coming. They filled up the oil. They brought it around. We’re we’re approaching what the head of exxon calls the operational minimum. We’re still a couple billion barrels above that. When that happens, right now, the oil is flowing. People can get the oil they want at a price. The issue becomes what happens when we can’t get the oil and you have to start to bid up for it. I actually did a stat. You said 22 billion. I did a stat at the beginning of this whole thing, predicting that this would be a transference of wealth inside this country of 150 billion for the full year.”

FindClipsBankNewsBaseRadioBankPodBankTranscriptBankPhotoBankPrintBankClipLiveClipperNewsClipperTVClipperWebClipperRadioClipperPodClipperGifCreatorNewsMonitorCityMonitorShareUploadGifsGalleryLiveShareShowCasterAboutNewsHow-ToRSSLoginRegisterNewsListsClips

Steve Liesman: Prices Could Rise Further When Oil Becomes Harder to Get‘We’re approaching what the head of Exxon calls the operational minimum‘News & Politics,InternationalRUSH EXCERPT:LIESMAN: “Oil in tankers. I think they knew this was coming. They filled up the oil. They brought it around. We’re we’re approaching what the head of exxon calls the operational minimum. We’re still a couple billion barrels above that. When that happens, right now, the oil is flowing. People can get the oil they want at a price. The issue becomes what happens when we can’t get the oil and you have to start to bid up for it. I actually did a stat. You said 22 billion. I did a stat at the beginning of this whole thing, predicting that this would be a transference of wealth inside this country of 150 billion for the full year.”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

Source: Grabien Stories