Retirement Starts Today Radio

How Did Oil Prices Drop to Negative Numbers? with Dan Eberhart, Ep # 140

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Sinopsis

Have you been listening to what has been going on in the commodities markets lately? People around the world were shocked when oil prices went negative in the month of May. I didn’t even know that this could happen and I’m a financial professional! This interesting turn of events led me to seek the expertise of someone more knowledgable in the oil commodities sector. This is why I’ve asked oil expert, Dan Eberhart, to come on the show today and explain how the price of oil could drop into negative numbers. We’ll also talk about the importance of diversification and not only in your portfolio.  Outline of This Episode [2:02] What the heck happened to oil prices in May? [4:18] Should we start thinking of the city we may end up in? [6:35] Should we avoid the Middle East in our international investments? [9:32] What are the long term implications on oil? [11:58] If we have the capital is it a good idea to invest in oil right now? [13:15] Is the oil industry a viable industry for the future? How did oil prices d