$5 Gasoline? Where Russia's War Could Take Oil

Barron's Streetwise

Barron's

Business

4.7 • 1.6K Ratings

🗓️ 4 March 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

A top commodities strategist lays out the prospects for new supply--and demand destruction. And an oil CEO doubles down on his pledge to limit new drilling. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:09.4	its business class cabin, where you can enjoy a full flatbed. For even more comfort, an
0:16.0	ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:23.4	Air France book your business class tickets now at france.co.uk I think this oil price has
0:33.2	room to run and I don't think we're going to see sanctions removed or companies willing
0:38.6	to re-engage with Russia until those troops are back in their barracks.
0:46.9	Welcome to the Baron Streetwise podcast. I'm Jack Howe. The voice you just heard is Helima
0:53.2	Croft. She's the head of commodity strategy at RBC capital markets. If you want to know something
0:59.4	about geopolitics and oil you want to talk with Helima. Texas crew recently shot more than 20%
1:07.1	higher in a week to prices we haven't seen in more than a decade. What does that mean for gasoline?
1:13.7	How high will oil go? And besides Russia, who's the blame? Environmentalist investors,
1:20.2	pipeline opponents, US shale drillers, Saudi Arabia. That's coming up. Plus I have an update from
1:27.1	an oil CEO we've heard from in the past. Listening in is our audio producer Jackson. Hi Jackson.
1:38.7	I don't know what you have for banter this week. I don't have a whole lot. I am distraught
1:44.2	over the suffering in Ukraine. I'm watching an unhealthy amount of cable news. I'm checking
1:49.3	Twitter headlines pretty obsessively. In a perfect world, I would not be learning this many
1:54.0	details about Molotov cocktails and the difference between stinger and javelin missiles.
2:00.0	I'm pretty much waking up about three hours too early every morning now and checking my phone
2:04.2	hoping the bombing has stopped or that the Ukrainians have at least held on. Jackson, how are you coping
2:09.6	with all this? There's a news website that only puts up positive news. Sometimes I look at that.
2:17.5	All right, we'll try a couple of headlines. Tiny new species of chocolate frog is discovered
2:23.4	after scientists follow its unique beep sound. Pretty long headline. I'll pass. What else you have?
	...

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