“Even with this cutting back on production, the data says we’re going to have a big inventory build coming up,” said Simon Wardell, analyst with Global Insight, citing slowing demand in tandem with the world economy. He predicted a short-term bounce for oil prices on the back of Wednesday’s news, as well as some ripples from the effect of hurricane season on facilities in the Gulf of Mexico, but expected oil prices to end the year around $100 per barrel.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.