“The Permian Basin has plenty of oil for years and years,” said CAPTRUST Chief Investment Officer Kevin Barry during a recent appearance on CNBC.
Barry was invited onto the program to discuss the U.S.’s position in the oil industry. In the interview, Barry shares his view that oil producers in the Permian Basin have more advantages than the Organization of the Petroleum Exporting Countries (OPEC) right now, but rising debt levels could present issues.
To see the three minute CNBC video of Barry’s interview, click here.
CAPTRUST Financial Advisors is an independent investment research and fee-based advisory firm specializing in providing investment advisory services to retirement plan fiduciaries, endowments and foundations, executives, and high-net-worth individuals. Headquartered in Raleigh, North Carolina, the firm currently represents more than $298 billion in client assets with 38 locations across the U.S.