Writing in the Journal Record this week in Oklahoma City, the CEO of Meliora Capital in Tulsa stated that keeping oil prices on knife’s edge is sort of like OU’s football team playing defense in the red zone.
J.P. Szafranski wrote that it’s in everyone’s best interest to keep the oil market balanced on knife’s edge.
He suggested Venezuela is becoming a forgotten player in OPEC and U.S. sanctions set to take place in November against Iran will impact the global supply of oil. And it could mean a continued increase in the price of oil.
Click here to read the entire article at the Journal Record.