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Is the global oil market chasing an 'almost-mythical' state?

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Listen: Is the global oil market chasing an 'almost-mythical' state?

Capitol Crude talks to some top players in the energy economics game to consider whether oil's perpetual quest for balance is possible and how it affects production and prices.

John Kemp, senior market analyst, commodities and energy at Thomson Reuters, and Ross McCracken, managing editor at Platts Energy Economist, talk to senior oil editor Brian Scheid in London. They ponder whether the global oil market will ever be in balance and how US production — from both shale, conventional and offshore sources — plays into that equation. How will production costs, crude prices and policy decisions impact future supply, and why don't we hear about outlandish price forecasts anymore?


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