In a unique industry dialogue hosted by Hart Energy, Tom Petrie, chairman of Petrie Partners, weighs in on the current state of the oil market following record global oil output cuts agreed to by OPEC, Russia and other oil producers.

Petrie says the industry has seen the fastest lay down of rigs in American history. “We are seeing drops in demand partly because of extreme measures meant to slow the spread of the coronavirus.”

During part one of the discussion hosted by Hart Energy’s Jessica Morales, Petrie joins Steve Toon, editor-in-chief of Oil and Gas Investor, and Jennifer Presley, executive editor of E&P, to talk about oil prices, production and possibilities to come.

Looking for more? Check out part two of the discussion.

Tom Petrie’s Take Part Two: What Does Shale’s Future Hold?