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"Venezuela's not the answer"
On CNBC Street Signs Asia, Dan Pickering, CIO of Pickering Energy Partners, explains that there is no answer to a 'meaningful' supply shock in the Middle East other than SPRs and high prices. Dan discusses how the threat of possible conflict expansion in the Middle East has caused risk premium to enter oil markets.
In this interview, Dan Pickering also provides his commentary on the ExxonMobil (NYSE: XOM) bid for Pioneer Natural Resources (NYSE: PXD) and the consolidation trend in the Permian Basin.
