MAD MONEY | CNBC |Tellurian Chairman: The Permian Basin is the ‘swing producer in the world’

While it’s tough to bet which direction oil prices may swing, Tellurian Chairman Charif Souki said Thursday that the Permian Basin in Texas and New Mexico is the key influence on the market.

“What I’m thinking now is that the Permian Basin has become the swing producer in the world and, therefore, what happens in America matters more than what happens at OPEC,” he said in a sit down interview with CNBC’s Jim Cramer on “Mad Money.”

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