Oil Supply Picture Wont Change Soon, Says Ex-PIMCO Vet – ValueWalk Premium
John Brynjolfsson Oil Supply

Oil Supply Picture Wont Change Soon, Says Ex-PIMCO Vet

Noting the “near zero price elasticity” in oil due to sunk costs of existing wells, John Brynjolfsson, a veteran of PIMCO and the chief investment officer of Armored Wolf Capital, observed how the quantity of oil supplied into the market has not been responding to the lower price.
John Brynjolfsson: Supply glut could last through the coming quarters
The question among many hedge fund professionals is: when will the price of oil rebound? Like a recent Sterne Agee report, Brynjolfsson thinks the oil

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