There's oil in them there hills. This is where the money is.

Hey everybody, I'm Mark Reith here with Tyler Crow.

It's a Thursday edition of where the money is, so that means we're talking energy and today we're

taking a deep dive into oil it's a topic I personally don't know much about but

you seem to be an expert I'll do my best I don't want to say expert you know expert really gives that weird

thing they'll put me on cn't b cn b c and i have to say stupid things later on right good

i really like the confidence here it's great okay let's get started looking at the price of oil today.

W. T. I is at like $94. I think Brent's at about 98, maybe even 99.

Looking at the price of oil, what's driving it these days well I mean to say there's

one or two things that drives the price of oil it's silly because there are

literally hundreds of things that are going on in the global oil markets that

factor it so you know if we want to just kind of go high level

and look at some of the things that are propping it up,

propping it down, things that are making it go down right now

is we have an increasing supply,

especially coming from the United States. If we look at, but since 2012, the United States has increased its total oil production by almost a third.

Actually even more than a third.

Excuse me.

And right now, we're pretty much neck and neck with Russia and Saudi Arabia before the largest

oil producing nation in the world, in somewhere right around 10 million barrels per day.

It's really, really large number. And then if you kind of on the other side of if you look at the demand side, we're kind of seeing a little bit of a waning demand in gasoline or oil products. You know, consumption in the United States has been a bit of a structural decline for the past couple of years as we have more efficient cars coming on the road, things like that.

And then there's kind of the seasonal things if you look at there's some economic malaise in the world

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