Dicker/Cramer: "Oil's Endless Bid" Takes a Long Holiday - Video - TheStreet

Dicker/Cramer: 'Oil's Endless Bid' Takes a Long Holiday

Dan Dicker, Energy contributor to TheStreet, talks to Jim Cramer about how under-appreciated financial inputs have impacted oil's fast drop in price.
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Dan Dicker, Energy contributor to TheStreet, talks to Jim Cramer about how under-appreciated financial inputs have impacted oil's fast drop in price. Dicker wrote a book on the subject in 2011 called 'Oil's Endless Bid', but is now seeing that bid take a 'holiday.' Passive investment in commodities has decreased massively in 2014 and the investment banks, who previously had helped prop up oil prices, are now leaving the business. In addition, the fast drop in oil prices has panicked many U.S. exploration and production companies who will now be forced to sell even small rallies in the oil market, assuring that prices remain low for a long time.