Jeff Ubben CNBC Interview
Here's Jeff Ubben from ValueAct Capital's interview on CNBC from yesterday.
Oil prices could approach $100 per barrel in the coming years as firms struggle to maintain current production levels, a top hedge fund manager argued on Monday.
ValueAct Capital Management's founder and CEO Jeffrey Ubben said, as many companies cut labor forces, keeping up drilling activity will become "very difficult." The slowdown in production could drive crude to $100 by 2019, he said. On Monday, crude settled under $40 per barrel.