Tag Archives: Gas

Greece and Turkey’s Mediterranean Gas Clown Show

Today’s video is a particularly crotchety one. I sometimes worry a bit that I’m insufficiently respectful to the heads of state of these countries in videos like this one. But in reality it’s these politicians that are being disrespectful of their duties to their countries. The East Mediterranean issue is fundamentally not a very serious one, yet Turkey, France and Greece are committing military forces as if real issues are at stake. This kind of thing could back fire terribly. I don’t think it will. But the reckless actions that these men are taking are certainly not going to get me to treat them respectfully. I hope you enjoy my explanation of one of the more requested topics in recent months.

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Video Transcript after the jump…

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Saudi Arabia Goes To War | Coronavirus 2 | Oil Endgame | Markets Are Dumb 11

This Coronavirus thing impacts everything. The oil market is no exception. I’ve committed to some pretty strong predictions about the future of the oil market and how it means the end of the current regime in Saudi Arabia. I still stand by all of those predictions, but it’s hard to say whether this current crisis accelerates the timeline, or slows it down. Starting March 6th, Saudi Arabia went to war against every other producer in the world.

I believe that the US oil industry will be the most prominent victim. The sustained period of low oil and gas prices we are about to experience may bring us to an inevitable future more quickly. Saudi Arabia will be the last oil producer. The crucial question remains the price at which they are able to sell that oil for. It’s now possible to envision a future where Saudi Arabia controls price again… but only briefly. Today’s video explains…

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Video Transcript after the jump…

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