Why the global oil market is a bigger mess than you realize
Video Overview & Insights
You may have anticipated that Donald Trump's peace "understanding" with Iran would fall apart and the war would flare back up and oil prices would surge again. But that isn't the whole story. Iran's widening attacks, Houthi attacks on Red Sea vessels, and Ukrainian attacks on Russian oil infrastructure and the ripple effects of that in neighboring countries has made things exponentially worse. And there has been no increase in Donald Trump's competence to deal with any of it. Amos Hochstein, former White House senior advisor, talks with Jen Psaki about how all of the gears are turning.
RICK CRAWFORD DOES NOT REPRESENT ME! PEOPLE ARE BEING KILLED BY A CULT HE BELONGS TO IN STONE COUNTY ARKANSAS!
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Donald Trump, yer arch anti-climate crisis merchant, actually and inadvertently helping reduce fossil fuel consumption around the World (but still tilting at Windmills).
Who 'da thought it possible?
Unfortunately, his friend Vlad the Bad is increasing pollution by having so many cigarette fires at his refineries, and a poorly 'maintained' shipping fleet which is but a shadow of its former self.
"We know a song about all this, don't we Silly Billy?"
"Well, how about...
🎼 Going home, running home.
Down to Gasoline Alley, where I started from ...🎶 Will that do?"
"Well... it's certainly one for all stranded tankers in dire Straits!!"
Meanwhile...
'Tick-tock' sounds the Doomsday Clock.
85 seconds and counting down to the impending 'We're-A-Geddin' outa here at the Midnight hour!'
🤡s🔥🪩😱🕛🌑.
Have a nice day folks, but spare some thinking time towards helping save Humanity, the Environment, other endangered Life forms, and this Planet...
Our only home...
'Cos, if we don't start co-operating, we are likely to be forever memorialised by two lonely Voyagers wandering through Interstellar space... All alone... and not receiving any commands to call home.🥺
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Trump is out there saying gas and other prices are just fine. We're doing better than ever. Yeah right. What planet is he on?!
#iranwar #oilprices #gasprices
Talk more about possible future impacts on poor countries' fertilizer imports from the Persian Gulf.
Last I heard, there could be some real hunger as a result----something much more serious than Americans having to pay more for gas.
I am more from the political right than the left, but I notice that Americans, political left and right, hardly consider the impacts that their actions abroad have on poor countries.
More User Perspectives
in Australia we pay nearly 2.25 a litre which is 10.17 dollars a gallon and you Americans complain about 6 dollars a gallon
@wayneapps7635Is Isreal still bombing Iran too ? ! Haven't heard mention of
@ShannonDoyle-el4muWhat Iran has done is highlight, in America the difference in intelligence between the people who designed mobile phones and those who use them
@justinhulm6032Twenty years ago 100 a barrel gas was 1.68. something doesn't add up.
@Snake-yx1dqI couldn't image living in a state that requires half a hours pay for one gallon of gas. CA might seem like the most over priced state but I can fill up on 2 hours of work.
@ggrepomanI’m voting for Jen for president whether she likes it or not…😅
@LTV_incGee all those oil tycoons gave Trump money to play this game. Now their oil & ships have sunk!
@dianekelly3452Thank Trump appropriately. There will be NO GAS shortly.
@craigburner1296the inflation president
@joedavis5178Do you think 🤔🥋 judo ninja PUTIN could throw Donut 🍩😋 Rump over his shoulder ❓❓‼️👌👹🎄🙏😇
@Andrew-t5eTrump is the worst S'Bag on the planet! The republican congress are absolute wimps and need to be ashamed of what they have allowed. What an embarresment.
@dtsup-n5qWe’re not in a situation that we can’t get ourselves out of by simply taking away the money. We control congress and therefore the purse. Make sure you know what your Representatives stand for in November people.
@ChristianHWilliamsWhat’s Mr.Trump’s next move? Attack North Korea because they can’t have a nuclear weapon? The USA has plenty of domestic issues that need to be attacked. Healthcare, childcare and housing affordability to name a few.
@ChristianHWilliamsWait till Taco Tuesday. Hope you bought stocks on Friday 😉
@ryoga2kabcWe all know Trump is a genius.
@tippin.turtleAbsolutely The CEO'S Are Crooked, Corrupt, Greedy, Liars, Major Oil Companies!!!, They Are Part Of The Problem!!!
@kennethprescott206Saudis need more money to fund The Line
@Friskee_Dingoevery cloud has a sliver lining "they say". a hybrid or EV sounds best. I now have a pedal assist bike at age 80
@RichardJeglumAre we great yet??
@michaelbartholomew1038This is what happens when a country elects a person who is unserious. Someone who doesn't have the mental capacity to do the job but is only there because of his ability to stir up white anger and grievance. So if one catastrophe after another happens, that's good. Because America you made your bed and now it's time to lie in it.
@shamirbryan3317If america was winning this war and gas was cheap, most of them would be all for the war, it's the american way.
@GodZone-os9ryTrump has found his personal VIETNAM 😂😂😂🎉🎉🎉
@rhiannonskyeoleAll brought on by a stable genius
@johnmorris4646You heard it here people. The government will not listen to us. The oil gravy train of oil will stop at some point. Higher prices at minimum are baked in. Plan for the worst, pray for the best.
Get solar portable or rooftop, get small batteries for backup energy. Get your food supplies in order and grow whatever you can for some personal stability.
Make trump voters pay. $10 a gallon. Let's go. !!! Xionist sponsors responsible for the world oil crisis. Iran was a peaceful nation, never wanted nuclear weapons, never attacked its neighbors or the US, until Trumpi decided to launch un provoked war on statanyahoo's order.
@SAli-l4bThe war is for oil, Genocide, And profit. Isn't that fun? Let's do something else.
@thomaskearney6385I keep hearing the US has more oil than anyone, and we export oil. So why are overseas oil restrictions impacting US at all?
@DanielW-TTime to buy an electric car.
@brucesummers7448“Skyrocket” is a very overused word!!!!
@madGambolWhat about us in the UK
We are now paying £8+ a gallon of petrol. You think you have it bad.
THIS IS ALL YOUR PRESIDENTS FAULT. For gods sake impeach the *****
The USA HAS MORE OIL THAN IRAÑ. 😊😊
@cecilnelson3036This is deliberate and it’s working, just not for me and my wore out old body or my neighbors.
@ChrisWibbelerThe Trump and Marco Rubio keep questioning elections that don't go their way or favor the coup plotters; they start wars and make Americans pay the tariffs. Vote for Democrats, don't vote for Republicans (who are right-wing)—the coup plotters.
@JuninhoPereira-m8s"We're gonna make A LOT of money."
@jamescrudNobody ever mentions home heating oil. Now its $500 for 100gal. and winters coming. We can drive less but can't go w/o heating fuel.
@rogerdearborn4537Good! Drive oil so high we all go electric! It’s the planets only hope!
@DennyDupuis💙✌️
@katerusso4891Why would responsible leadership have allowed our economy to become so dependent upon fossil fuel? Why haven't we begun to move away from it like certain Europe countries?
@TronJockeytrump
@tequilamockingbird237300 Million barrel means 15 days of reserves ONLY, the US consumes 20-20 millions barrels per day. 2 Weeks left and Iran knows this so does Russia.
@bigboyreality1072They just wanted Trump to return them to their white 1959’s era open racism!
@GrewupwithnointernetSoooooooo much winning!
@GrewupwithnointernetI remember the oil crisis of the early 70s long has lines , only get gas on every other day depending on your licence plate last letter. It will be worse because the use of oil has gone up globally
@marcwesley-t7oAnyone who thinks this is not all planned out, isn’t looking at it carefully
@carolynvarnum6892What a disaster has trump created 💔💔
@costambar3230Hilarious, watching Hochstein state that Russia is at "zero diesel production." He is an awful spinner of polical-based versus reality based narratives. In short, he's a fool.
@sao9995