Markets realize Russian oil ban won't have major impact in U.S., says Cowen's Gabelman
Video Overview & Insights
Jason Gabelman, Cowen vice president, joins 'Squawk on the Street' to discuss the likelihood of a ban on Russian oil, how sustained higher oil prices can be and why Gabelman expects the U.S. to ramp up oil production. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIviÂ
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To be honest this is a dumb move where oil prices will go up more and less oil resources in North America thus increasing inflation even more raising prices in everything, where more oil resources will be at Russia and allies even longer, in the long term which will be more beneficial for them in the long term for inflation, where western countries have less resources from being more depleted, where Russia has silicon for microchips and there is a microchip shortage, and India have rich resources from when ruled by British they were not selling Indian resources thus have a rich amount of resources and less inflation, keeping power longer with resources. sanctions and tariffs both cause blockages in the economy, while the economy is supposed to be free-flowing world wide and the economy is supposed to be evenly spread if more economy is more in 1 country the economy will eventually collapse, just like a round planet with a super large mountain mass on 1 side would make the planet spiral into the Sun same goes with economic collapse. politics should not interfere with world trade, this is going to be an economic disaster. North America is going to be the first to go back practically to Stone Age or Amish Age depending on agriculture for resources, agriculture is going to be the center of economy in the future when resources are depleted.
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paying $10 for a gallon of gas is what I enjoy the most.. Thanks Biden.. we eat dirt since we deserve it... Go Putin Go... stop bragging attacking Putin but not really doing anything.. đ
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Of course we won't increase oil production in the u.s. that would make sense
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Don't Russian ban oil, open UP OUR Oil Reserves, LEASES and Pipelines !!! You might have a ton of Lease's but if you can't get it to market, what good is it? Besides, most of the exhisting leases are in hard to get places. Make it easy again.
Competition always wins!
And AMERICA... Start CONSERVING! How many times do I have to see a Car RUNNING with no one in it?
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Great info and insight as always. It's kind of irresponsible to ignore the fact that each ETF launch and the Russian invasion on Ukraine so far has caused a major dump at the peaks of cryptos, stocks and global economy. I will say we all should find a way to to grow our portfolio as the market is bearish now . I have played safe by putting my assets into active trades, so I don't feel the price if the dump continues. I have made over 12 btc since early December last year till date from implementing trades with daily Signals, strategy and guidance from Feven Lena. I advise everyone to stick to this method instead of just waiting on a pump
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Pandemic hit and investment advisors were screaming to run away from oil and watched like a spider waiting for the fly. Everybody fled and the stock price dropped like a rock. Cramer said stay away from Exxon so I swooped in and bought. Placed it on drip and let it simmer. Right now I am sitting at a 75.13% gain and the stock keeps climbing. If my profit margin hits 100% I will sell half my Exxon to get back the money of my original investment and then wait for a dip. ; )
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More User Perspectives
Oil ban : Paying more is better than get people killed. Every extra dollar we pay safe life in Ukraine. Our saving should not come from Ukrainian blood.
@gyanendrakumar2350Why not just remove all covid related aid going to Russia??
Think that would definitely send a message.
With each âvictory,â he is emboldened to take more. What then do we do when he wants more? The nuclear threat is no different when he takes his next country, whether it is part of NATO or not, and by then we are strategically worse off.â â Bill Ackman
@GeorgeKafantarisAnd now bumbling Biden is turning to Iran and Venezuela for oil instead of, I donât, maybe drilling more oil at home! đ€Šââïž
You canât make this stuff up! This administration is one disaster after another
I feel <those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naĂŻve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than holding. Trading went smooth for me as I was able to raise over 14.2 BTC when I started at 1.1 BTC in just a few weeks implementing trades with signals and insights from Graham Leonard Trade .I would advise y'all to trade your asset rather than hold for a future you aren't sure about or hold it and risk losing all......information they say is power
@mckinleytucker1908Prices are NOT set by the U.S. it is set by the world market! Germany, and Hungary already said they will not go in on an embargo!!
@boocho7427So Joe goes after the energy sector and who benefits? PUTIN. Thanks Joe.
@blitzegron4848Yes, banning would be minimal, but US, re-starting Oil Production would better protect our own economy, no matter what the Math Challenged Democrats say!
@DarthronninPrioritize EV suppliers for any supply chain sectors.
@U23721The USA could be oil independent tomorrow if Biden wasn't scared of
AOC and her communist squad.
Can you say SUPERINFLATION.
@wanida511The policies and economy lapse of the previous administration is 2 years that has ended 02/01/2022,đ now is time to welcome the Joe Biden Democrats shithole economy policies.
@joealonzo536Misleading the public should be against the law. Goldman Sachs predicting an oil supercycle.
@albertsimmons2743Ramp up oil supply? That will take about a year to accomplish. What the hell is the US supposed to do when our gas hits 8 or 10 dollars a gallon? We're going to go from stagflation to depression within months.
@vivianavian6287Crude went from 90 to 120 in like 10 days. Which markets is he talking about?
@sparshparimooPetro Dollar is the last nail Mumbling Joke is going to screw..brilliant circusđđ
@ssuwandi3240It is time to drive a solar and wind powered cars and motorcycles. Finally we will become energy independent for real.
@pjeng1Is this guy serious?
@primo9312We need higher gas prices that put Americans out of work. Shut down American energy production. Letâs go Brandon!
@johntrent151Why not buy Brazilian Oil?
@vcash1112If the energy crisis doesn't end insight, many european countries may go bankcruptcy because they can't buy RS oil & gas while the RS big banks are out of SWIFT. Sanctioning RS economy is a blade with 2 sharp edges. The danger is the no solution except the last one, and RS likely exercises it first at the worst end of the economy.
@donarrivas1675$300.00 OIL.
@americangangsta371Then why is biden lying then that all the oil price spikes, inflation and no oil for U.S. is because of Russia( and we have none of our own)?
@koleabThe best way to "fill the void" is for the Biden admin to become 'fossil fuel friendly". (even if its just temporary..). Highly doubtful though.
@johnnytoobad7785lmao clown
@MrJiro213Lol what you mean it wonât have an affect. This dude is mental
@dustinash7867The effects of LNG on EU Markets will have a profound influence
on the prices that Europe pays in next Winters Fuel Bill.....
By then it will be too late and NATO will be shelling Rostov.....
The effects of becoming the same type of humans who allowed
the Krupp's and Thysson's to dominate German Politics in 1936.
seem to appear in another form, similar to the NAZI's.....
But more refined.....
Depression
@shawnz127Time to take over the means of "oil" production! RISE PEOPLE RISE.
@madarchod312Seize all russian assets and create a global auction to pay for the rebuilding of Ukraine and money for people to start over. America can be the biggest oil producer in the world with just a decision, This is not an issue and will force our liberal butts to get on it. With everything going on its loadup time on PLTR (global internet security) CSSE and SOFI. SLAVA UKRAINE!
@_kronos_4936Lies
@HellofromBaguioUse the defense production act
@chri6393Morgan đ
@vpham033They Already hitting Margin calls in Europe.
@Trials_By_Errors