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Oil and Gas

The Future of Oil: What the Experts Are Saying

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Published: Monday, 23 Jun 2008 | 1:06 PM ET
By: Brooke Sopelsa,|Video Producer

Saudi Arabia held a meeting of oil producers and policy makers this past weekend—the country promised to boost current production to 9.7 million barrels per day and outlined a plan to bring total production capacity up to 15 million barrels per day in the future.

CNBC asked the experts to share their thoughts on the Saudi oil summit and the future of oil.

Saudis Promise Enough?
Insight on whether the Saudis have done enough to bring down prices, with Dan Yergin, Cambridge Energy; John Kilduff, MF Global and CNBC's Melissa Francis

Have the Saudis Done Enough?

Dan Yergin, of Cambridge Energy, and John Kilduff, of MF Global, discuss the Saudi oil summit and whether enough was done.

The Future for Oil
Insight on energy, with Kevin Kerr, Resource Trader Alert editor and CNBC's Becky Quick

Oil Price Outlook

Kevin Kerr, editor of Resource Trader Alert, says we will see $200 oil very soon.

Future of Crude
Expert insights on what's to come, with Peter Beutel, Cameron Hanover and Addison Armstrong, Tradition Energy

Future of Crude

Peter Beutel, of Cameron Hanover, and Addison Armstrong, of Tradition Energy, discuss Saudi Arabia's oil summit and what the future holds for crude.

Gas Tax
Discussing John McCain's push to suspend the federal gas tax, with Mike Jackson, Autonation and Douglas Holtz-Eakin, McCain's economic policy advisor

Suspending the Fuel Tax

Mike Jackson, chairman and CEO of AutoNation, the largest car dealer in the United States, says the U.S. needs higher fuel prices to change its energy addictions.

 Print
Saudi Arabia held a meeting of oil producers and policy makers this past weekend, and the country promised to boost current production to 9.7 million barrels per day and also outlined a plan to bring total production capacity up to 15 million bpd in the future. CNBC asked the experts to share their thoughts on the Saudi oil summit and the future of oil.

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