Jim Cramer talks with energy contributor Dan Dicker about the possibility of a $40 price for a barrel of oil and what that would mean. Dicker admits that a $40 barrel is possible, even though economically, much of the world’s oil does not come out of the ground for less. Dicker has isolated five reasons for oil’s rapid fall including OPEC and the strong rise of the dollar. Of the five reasons for oil’s collapse, Dicker can only make a marginal case for one of them — U.S. overproduction — and then only by noting that a true drop in production will come as a very last resort of the U.S. shale producers. Until that happens, there’s very little reason to believe that oil is finding a bottom.
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