The Interview: Michael Kao, CEO of Akanthos Capital Management, returns to Real Vision to give his outlook on oil and energy markets. Kao highlights energy's outperformance in inflationary environments, positive roll dynamics making carrying long oil futures more attractive, and the shift in policy for OPEC+. Kao also highlights two potential feedback loops he sees for oil--one sending prices higher and the other creating issues for oil and other risk assets. Finally, Kao takes a long-term view analyzing when and how EV penetration will actually affect oil demand and the question of whether shale production will spoil the next big oil price spike.
Recorded on April 20, 2021.
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Real Vision: Finance & Investing