The Oil Crisis Is Already Worse Than It Looks

I hope the world remembers that this is solely the US' doing.

😮

Fun times all round

Так это отлично!!👍👍

MISSING DETAIL!
In the last 2 months Ukraine has destroyed much of Russia's oil infrastructure. Russia does not announce the losses, but it is estimated HALF of Russian production is stopped, and that will be 5~6%. So the world is looking at more of a 25% loss.

He is doing this on purpose 😂

Good video thanks

Profit from fear is wack.

I wanna see 20 dollars a gallon.. I dont rely on fuel because I have legs to get to work

As of now, the strait is still closed to US and US-Affliated. It will probably stay this way until US surrenders to iranians terms and that is most likely not happening. So good night to the global economy.

As a futures trader, it seems to me the market is completely unnatural at this point - as though it's being manipulated to try to prevent a massive crash.

And the good news is...?

I don’t get why everyone is reporting such a low % increase
7 weeks ago we were paying $1,20 a litre for diesel now it’s $3,68 that’s 300% increase

Maybe the calm isn’t misleading. Most economic activity is by the top 10 percent. Those folk don’t care about paying a little more for gas and food.

'Plastic' can be made from cellulose - that's plants! Hemp for one grows quickly as does bamboo. Energy price not so bad in summer and for people with solar panels.

remember when people made fun of china for continuing with the green energy tech ?

Truth is there is no shortage of oil. And never will be for the countries with money to pay. To understand this logic you need to look at US . Korea Japan Sgp and all the rich countries. They can be nett importer of oils but their stock market are shooting for the moon. There will be always be oil awashed all over the world especially in the US except you have to pay more to send your tankers there to pick up the oil. Lastly Truth is there is a shortag of oi for countries that has no money to pay. Look no further than africa and india. As Trump says he could not care less if they all starve or die. As far as he is concerned US is better off in the long run.

The diesel explanation is nonsense. Learn how refineries work.

Oil crisis my ass!!!!!! The oil barons of the world decided to once again remind the world who really runs it. The political leaders of the world could do something about it, though the kickbacks they receive have them being puppets for the oil industry. The politicians could care less how expensive anything becomes, the taxpayer covers all of their needs.

Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

Starting early is the best way to build wealth, and investing remains a priority. The stock market offers many opportunities to earn decent returns with the right skills and a proper understanding of how the market works.

not a mention of the end of OPEC and the flood of cheap oil about the drive the price back down

Get electric car

@02:27 What is the source here?

There is a bit of light. Thanks to Trump’s manoeuvring, the UAE have left OPEC and they have a new pipeline that goes straight for the Sea of Oman. It’s not the 20 million that used to go through the straight, but they could double production to 5 million barrels a day in the short term. This pipeline bypasses the minefield completely.

nothing will happen. people will adapt. and leaders of today will be gone tomorrow

30 news channels telling every day the same things

Trump unsanctioning Russian oil and refilling Putin’s war chest right as he was trying to negotiate an end to Russia’s war in Ukraine = Maximum stupidity. But hey, nobody can fix it but me!! 🤣😂🤣😭😭 then Ukraine went and immediately blew up Russia’s refineries in Tuapse on the Black Sea, so no exports coming out of there for the foreseeable future…

Bought my first EV yesterday. I’m not waiting for the very stable genius to secure my family’s financial future. Free charging at the local dealership where we bought it. Now I just need to hedge my electricity bill, perhaps with rooftop solar. Isn’t it ironic that the Republicans repealed all the incentives for EVs and renewables right before they launched this war? It’s as if they want the American people to suffer.

They not going to turn the well's off, it's transport and refineries that is the bottle neck.

Norwegian purchases of electric cars is not a measure. Norway has the cheapest production of electricity on earth, 99,95 hydropower, 95% nationalized. The rest of the worlds electricity is mostly from oil and gaz- based powerplants.

It's incredible to see the markets rally to all time highs when we have this gigantic crisis just around the corner. We are only being buffered by emergency releases from strategic reserves.

8:32 Please shut up about Norway. They've achieved that by massive oil money subsidies and having a small population and loads of hydro.

The rest of the world cant do those.

This "crisis" will be catastrophic for the already highly debted up western economies. Our hearts will forever carry a deep seated loathing for the geezers responsible for that, the ones in Washington and Tel Aviv.

EU is pushing 2.000 Billion EURO in the market from 2028-2032.
Long, Long, Long

War is over. Tankers now will pay Iran for coming though Hormus Strait. Everything will be ok.

Blame Russia and putin. Always their fault.

The golden clown and his brainwashed clown show destroying America and the world’s economy one performance at a time 😢😢