North American oil producers and OPEC nations seem to be in a standoff. Like Clint Eastwood and some bad dude in an old western movie, both have their hands close to the holster, waiting for the other to make the first move. This time, though, the guns they are reaching for would slow down oil production, relieve excess supply, and in turn raise oil prices from the lows we haven't seen since the financial collapse of 2008.
With oil at $80 per barrel, neither group is happy, but both are saying that they will be able to outlast the other in this price environment. So, which one is right? In this week's energy edition of Where the Money Is, host Alison Southwick and Fool.com contributor Tyler Crowe discuss which group is likely to outlast the other if oil prices were to stay this low for an extended period of time and which companies investors should be looking at today with oil this cheap.
Alison Southwick has no position in any stocks mentioned. Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Chevron and Total (ADR). The Motley Fool owns shares of EOG Resources. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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