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It Really Was A Trillion Dollar Mistake

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A few days after Christmas I appeared on CNBC Asia’s Squawk Box to discuss the volatility in the oil market. Bernie Lo asked a question about OPEC’s strategy, and I described their decision to defend market share as “a big, costly mistake” that had already cost the group over $500 billion in 2015 and would likely cost them that much again in 2016.


I followed that appearance up with an article for Forbes called OPEC’s Trillion-Dollar Miscalculation. It generated a bit of interest, currently standing at over 170,000 views. In that article I detailed the numbers behind my assertion that OPEC's strategy thus far looks like a mistake.


http://oilpro.com/post/22308/really-trillion-dollar-mistake?utm_source=WeeklyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2016-02-17


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