Dan Steffens: Low Oil Prices Stimulating Demand
b"Jason Burack of Wall St for Main St had on returning guest, oil expert Dan Steffens of the Energy Prospectus Group\\xa0https://www.energyprospectus.com/Dan has over 30 years of experience working in the oil and gas industry.\\xa0During this 30+ minute interview, Jason asks Dan about OPEC and the oil cartel's power over the oil market?\\xa0Dan says OPEC more specifically the Saudis has tried to intentionally bankrupt shale oil companies to gain market share but that OPEC is hurting financially now with these low oil prices.Dan thinks OPEC may cut production in the near future.\\xa0Next, Jason asks Dan why M&A hasn't occurred in oil exploration and production companies?\\xa0Dan expects that to occur in the near future after oil prices start to rise.\\xa0Jason and Dan discuss the supply/demand fundamentals of oil. Dan says 25 times the amount of real oil is traded daily in paper oil. (Does this remind you of gold and silver futures markets?)Jason asks about potential dividend cuts from Chevron, ExxonMobil, etc. Dan doesn't think they will cut the dividend.\\xa0To wrap up the interview, Jason asks Dan about the natural gas and the LNG markets as well as what types of oil companies are safe investments."