Dan Dicker, energy contributor at TheStreet, talks with Brittany Umar about the continuing slide in oil prices and when the bottom might be found. The oil market, says Dicker, is breeding more and more sellers as it goes lower, as undercapitalized oil companies are forced to sell future production at a cheaper and cheaper price in order to simply survive the next 12 months. Combine that panic with the continuing rise of the dollar and Dicker says that an oil bottom is near impossible to find, despite the fact that many oil companies will find themselves in distress, as will several sovereign nations who are dependent upon oil revenue.
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