Christopher Smart

You're seeing a variety of things, as markets always do, responding to high oil prices.

You're seeing oil coming out through pipelines from the Gulf.

You're also seeing a big response on the part of other producers in the US and Mexico and Kazakhstan and Brazil.

We're not headed for some big cataclysmic crash right now.

There will be a lot more pain ahead.

But a lot of what you're seeing right now is the world adjusting.

Christopher Smart on Bloomberg's balance of power.

You're seeing a variety of things, as markets always do, responding to high oil prices.

You're seeing oil coming out through pipelines from the Gulf.

You're also seeing a big response on the part of other producers in the US and Mexico and Kazakhstan and Brazil.

We're not headed for some big cataclysmic crash right now.

There will be a lot more pain ahead.

But a lot of what you're seeing right now is the world adjusting.

Christopher Smart on Bloomberg's balance of power.

You're seeing a variety of things, as markets always do, responding to high oil prices.

You're seeing oil coming out through pipelines from the Gulf.

You're also seeing a big response on the part of other producers in the US and Mexico and Kazakhstan and Brazil.

We're not headed for some big cataclysmic crash right now.

There will be a lot more pain ahead.

But a lot of what you're seeing right now is the world adjusting.