Both the broader macro-economic situation (global oil demand growth, US shale output, Iranian sanctions, etc.) and spot oil prices are beginning to resemble conditions as of the mid-2018. Will oil prices repeat the Q4 2018 price drop? Richard and John discuss factors they believe will be key for oil prices going forward. Also, as oilfield M&A heats up, Richard and John contrast and compare the oil service supply chains of Oxy and Anadarko.