Description: Standard and Poor’s Ratings Services Thomas Watters discusses OPEC and lower oil. He speaks on “Street Smart.” (Source: Bloomberg)

Source: Bloomberg.com – video report

Date: Dec 11, 2014

Link: http://www.bloomberg.com/video/opec-why-won-t-it-cut-oil-production-X9uVXkRwSXq4vmju2gvNtQ.html

Questions for Discussions:

• Why are oil prices under pressure?
• Do you think some producers are likely to abandon operations?
• How should investors approach the current situation?