Andurand Capital Management CIO Talks Oil Production | Bloomberg Talks

Pierre Andurand, founder and Chief Investment Officer of Andurand Capital Management says OPEC+ may need to announce deeper oil production cuts amid a US supply surge. Andurand spoke with Bloomberg's Francine Lacqua.

Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders.

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[doolittlegeorge]

USA still has negative prices at the WaHa Hub for natural gas. "Race to the Bottom" with currencies now includes China...the World's biggest consumer of all commodities by far but especially so gold. In the meantime solar panel prices are now plunging as well...which if low enough when combined with dirt cheap natural gas can roll out a "hydrogen economy" in the most advanced battery economy in the World the USA. Meanwhile no City in the USA can get even a Box of cereal and thus soft commodity prices including milk are starting to plunge. This sure has an echo of 1929 anyways. Cocoa prices have just collapsed for example. The USA is an absolutely massive food producer in general actually. Plus Poland won't let Ukraine grain into Poland? That makes zero sense indeed seems *CYNICALLY OPPORTUNISTIC* in the extreme. Romania certainly isn't doing this nor is all of the Western Black Sea which is currently controlled by Ukraine despite Ukraine having no Navy. And how much oil is now flooding out into the World as a consequence? I would argue a truly awesome amount all with only one place to go: the USA...which happens to be the World's largest oil producer for some time now and one of the largest refiners of oil as well. Anyhow brutal bet gone wrong last Year so easy come easy go I guess. Don't expect the US Federal Reserve to stop raising interest rates anytime soon as well.