Forecasts 2016: Oil And Commodities – The Commodity Cycle
In his 2016 Forecasts Event (held January 26th, 2016), Jonathan K. DeYoe discusses the declining price of oil and commodities and reviews the commodity cycle.
He points out that todays drop in oil and gas prices is different from the 2008 drop because it is production driven not consumption led. It isn’t that we aren’t using oil and gas… it is that we brought too much production online and we produced a glut of oil. This is precisely how the commodity cycle (the interplay between price, production and consumption) works. The next chapter is increased consumption and higher oil prices… once we turn the page.
Other Video Snippets from Forecasts 2016:
Where We’ve Been
Stock Market Valuations
Where Are Markets Headed
Or, The Forecasts 2016 presentation in it’s entirety is on YouTube: