How Ukraine's Refinery Strikes Destabilize the Entire Russian Economy

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  • Опубликовано: 28 май 2024
  • Check out my book "How Ukraine Survived": amzn.to/47gnlEf. You can also read it for free by signing up for a Kindle Unlimited trial at amzn.to/3QMsBr8. (I use affiliate links, meaning I earn a commission when you make a transaction through them. Even if you read for free, you are still supporting the channel.)
    Ukraine's targeting of Russian oil refineries raises deeper questions about the Russian economy. Today's video looks back at the "Dutch disease" problem that Russia faced at the beginning of the war, how the Russian Central Bank resolved the problem, and how Ukraine's new strategic bombing campaign puts it back into focus.
    0:00 Ukraine's Refinery Attacks and Russia's Economic Position
    1:34 Russia's Dutch Disease Problem
    5:27 The West's Obvious Sanctions Strategy
    7:53 The West's Actual Strategy
    12:25 How Russia's Economy Has Survived
    15:27 Ukraine's New Economic Pressure on Russia
    16:58 Implications for the War's Near Future
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Комментарии • 947

  • @SawedOffClown
    @SawedOffClown 20 дней назад +735

    The reason for the consistent spike is that is when Econ 102 students are introduced to dutch disease and look it up before the midterms
    Your welcome

    • @jabloko992
      @jabloko992 20 дней назад +63

      *You're welcome

    • @mightywurlitzer
      @mightywurlitzer 20 дней назад +13

      Well done sir 👏

    • @paddington1670
      @paddington1670 20 дней назад +35

      youre* god damn college students

    • @kingace6186
      @kingace6186 20 дней назад +19

      It is a smart decision to use William's videos for studying.

    • @Lotusblue234
      @Lotusblue234 20 дней назад +5

      😳😂 Damn you're probably right tho! 💀

  • @dylandarnell3657
    @dylandarnell3657 20 дней назад +559

    "Russia can't sell oil, the money runs out, and the war ends." It's always more complicated than this, and you always do an excellent job of explaining how. Thanks!

    • @Felix28Blessed
      @Felix28Blessed 20 дней назад +9

      But they sell to china for cheap

    • @Omega0850
      @Omega0850 20 дней назад +48

      @@Felix28Blessed If they sell it for cheap, their profits are much lower, which has the same effect, just not as strong. (its also much more expensive to ship oil and gas to China rather than Europe)

    • @sylviamaresca8852
      @sylviamaresca8852 20 дней назад +6

      I so LOVE this channel. Complex issues reduced to understandable information without condensation. Love the humor, and oh my, the lines, I love the lines on the map.

    • @govinda102000
      @govinda102000 20 дней назад

      Yep. And this is how Ukraine will take down Putler. Economically. Only a matter of time. Putin is then deposed and then the invaders will retreat to Russia.

    • @concernedcitizen780
      @concernedcitizen780 20 дней назад

      Russia would be at war if they had no money.

  • @mrmoyd3072
    @mrmoyd3072 20 дней назад +224

    chatgpt: "Dutch Disease" often sees a spike in interest around March because that's when many economic reports and analyses are released, including those related to oil and gas industries, which are commonly associated with Dutch Disease.

    • @Gametheory101
      @Gametheory101  20 дней назад +71

      That would make sense!

    • @tacotown4598
      @tacotown4598 20 дней назад +22

      Chat GPT being smart is wild

    • @brewswillas6635
      @brewswillas6635 20 дней назад

      Chat GPT is still pretty dim. The reason there's an apparent spike in searches for "Dutch Disease" around March is actually because that's when symptoms of Dutch Elm disease in trees starts becoming noticeable. So, blame it on the arborists.

    • @ItchyTrigahFingah
      @ItchyTrigahFingah 20 дней назад

      It was dumb to use the dollar as a weapon of war in the first place! From the start we should have made it clear with force that the invasion was unacceptable! IMO

    • @MattBellzminion
      @MattBellzminion 20 дней назад +9

      @@Gametheory101 All of these explicably caused spikes would be dwarfed, however, if Taylor Swift or Beyonce were to drop a song with a lyric mentioning Dutch disease -- for ex., likening her overreliance on or obsession with a particular guy to her own personal "Dutch disease".

  • @sechran
    @sechran 20 дней назад +562

    "Dutch Disease" isn't imposing enough. It sounds like something you'd get from persistent bike strain.
    They should call it something like, “Spiraling the Nether” - give it a real flavor of doom.

    • @ttcc5273
      @ttcc5273 20 дней назад +51

      Stroopwafle Death Spiral

    • @gideonmele1556
      @gideonmele1556 20 дней назад +25

      Dutch Doom Drain

    • @casnimot
      @casnimot 20 дней назад +3

      "Spiraling the Nether" - Depending on the industry. It could also go "Brown-Chicken Brown-Cow", if you know what I mean.

    • @JoeyP946
      @JoeyP946 20 дней назад +36

      as a dutch guy when I first heard Dutch disease I was thinking of an STD.
      I'm glad it's not

    • @k3v1n73
      @k3v1n73 20 дней назад

      how about neder-fucked?

  • @okn654
    @okn654 20 дней назад +630

    Danish version of having your cake and eating it too:
    You can't sell the fur before the bear has been shot

    • @Gametheory101
      @Gametheory101  20 дней назад +287

      That’s grizzly

    • @jeroenslaghout
      @jeroenslaghout 20 дней назад +47

      That's cool, we have exactly the same saying in the Netherlands. "je moet de huid niet verkopen, voordat de beer geschoten is."

    • @HaukeLaging
      @HaukeLaging 20 дней назад +26

      The Germans agree:
      "Man soll das Fell des Bären nicht verteilen, bevor er erlegt ist"
      Kind of funny, though, that the German version is more liberal than the Dutch one... ("should not" vs. "must not") 😆

    • @human4116
      @human4116 20 дней назад +12

      You can sell produce before its been harvested

    • @jonathangrenier104
      @jonathangrenier104 20 дней назад +10

      Same in french

  • @stargazer-elite
    @stargazer-elite 20 дней назад +28

    Last I checked, the US never directly said to not target oil refineries it has stated multiple times essentially that “ whilst we don’t recommend this action, we won’t disapprove of it either”

  • @hazardousmaterial5492
    @hazardousmaterial5492 20 дней назад +25

    Dear mr. William Spaniel, Gazprom has recently announced a financial loss of 7 billion for the year 2023. Since this is for the period before ukraine started hitting russian oil industry on a regular basis, i'd like you to make a video about how this will affect russia in 2024

  • @rkirby7183
    @rkirby7183 20 дней назад +46

    India had already stopped buying Russian oil, mostly, because of the threat of secondary sanctions, and because they could get oil almost as cheaply from much closer suppliers in the Persian Gulf (with no Red Sea problems). And NO, Russia can't repair much of anything not only because the parts come from the West, but because the people that built and maintained their petroleum industry were mostly from the West, and they have left and won't come back. And refineries are complicated things.

    • @damonedrington3453
      @damonedrington3453 20 дней назад +11

      Yea that’s what a lot of Russian supporters seem to think. They appear to be under the impression that you can just jury rig refineries to work if you don’t have the proper experience

    • @jannegrey593
      @jannegrey593 20 дней назад +7

      A lot of their experts indeed came from the west but not all of them. Not to mention that a lot depends on where exactly the drone hit. Refineries are somewhat easier to repair on average, because a lot of the area is made of stuff that while important to make refinery operational is not that difficult to repair (pipes and stuff). Plus if need be there are specialists in Kazakhstan and other countries that might provide some assistance with knowledge for the right price and they don't have to be on site even. But yes, if a component that requires a lot of expertise plus foreign parts is struck - then it will be difficult for Russia to repair it quickly.

    • @augustuslunasol10thapostle
      @augustuslunasol10thapostle 20 дней назад

      @@jannegrey593 im pretty sure it took 6 months for one of the refineries struck a long while ago to be back to functional not full capacity but functional and refining, meaning you could kill the russian energy industry faster than it can repairs refining who the fucks waiting for russian gas and oil when the middle east is right there

    • @Spanner249
      @Spanner249 8 дней назад +2

      India is always working in its own interest, but having a strong US counterweight to China is absolutely in their interest. India is traditionally a large Russian Arms purchaser, and often hasn’t been a fan of US relationships with Pakistan. Ultimately as Pakistan has moved closer to China and the Chinese Indian border disputes antagonize their relationship, India is navigating a very interesting version of Real Politick

    • @VangelVe
      @VangelVe 6 дней назад

      @@Spanner249 India is buying 1.4 million bpd from Russia and selling the distillates to the EU. I do not see how people can claim that India is siding with the EU or US. In fact, it seems to be moving away from the US as the State Department is meddling in its elections as it does in all elections.

  • @BVH495
    @BVH495 20 дней назад +88

    as a dutch person, apology accepted

    • @dfsilversurfer
      @dfsilversurfer 20 дней назад +6

      🤣🤣 Thats funny . Its great your able to move on with an apology, i fear if it were called american disease they'd be asking for reparations . lol !

  • @karlrambo2987
    @karlrambo2987 20 дней назад +41

    The March bump on your Dutch disease video coincides with international political science and economics classes topics and paper preparation at universities. All students hope for a video to save them from (careful) reading of assignments. That’s my hypothesis, at least.

  • @lorenard993
    @lorenard993 20 дней назад +174

    March is the start of tourism season in Holland and people are worried about catching dutch diseases while over there so every march we see a spike of confused and mildly annoyed new viewers

    • @Robbiebert14
      @Robbiebert14 20 дней назад +9

      Hahaha really?? That's so funny! I was very curious but that makes so much sense! 😂

    • @Dead-Not-Sleeping
      @Dead-Not-Sleeping 20 дней назад +15

      Close but not quite. The surge is a result of college students getting back from spring break and trying desperately to figure out what that rash is.
      There's also a surge in searches on sex blindness and horse hair toxicity... whatever that's about!?!

    • @velisvideos6208
      @velisvideos6208 20 дней назад

      That's crotch disease.

    • @andrewharrison8436
      @andrewharrison8436 20 дней назад +4

      That's actually a testable hypothesis - do the number of downvotes surge as well?

    • @unduloid
      @unduloid 20 дней назад +3

      Dutch disease = starting to like Heineken.

  • @angmori172
    @angmori172 20 дней назад +71

    Generally, no single factor is going to determine war. Sanctions might not be as effective as hoped for, but every little bit adds up. You know how it goes - slowly at first, then all at once, when shit collapses.

    • @pastForgetting
      @pastForgetting 20 дней назад +10

      Tipping points are like that.

    • @systemchris
      @systemchris 20 дней назад +6

      Everything happens slowly until it happens fast

    • @flipw3605
      @flipw3605 20 дней назад +9

      And those of us outside, or the regular Russian person, will not see the deterioration on the inside but only the final collapse. It was the same with the fall of the Soviet Union. It surprised the wider world but the rot had been growing sight unseen to us.

    • @ericbabich
      @ericbabich 19 дней назад

      Hmmm I think we in the west are deluded, Russia production outpacing every nato nation combined and 100,000 fresh Russian troops about to enter the fry, if Russia secures Donbas there are a lot of rescources there, might even be a big factor in the offensive itself

    • @TheSkyGuy77
      @TheSkyGuy77 19 дней назад +4

      It's always slow change until it goes down real fast

  • @majorbang92
    @majorbang92 20 дней назад +67

    You did pretty good on the pronunciation of Groningen

    • @ronald3836
      @ronald3836 20 дней назад +8

      Agreed. But I was hoping he would try to pronounce Slochteren.

    • @Gametheory101
      @Gametheory101  20 дней назад +19

      Hard pass on Slochteren!

    • @larsrons7937
      @larsrons7937 20 дней назад +2

      @@Gametheory101 7:01 - The easter egg, your book inserted next to Elvira Nabiullina in the photo. Good joke. I checked Kriminalin's homepage, unfortunately she didn't have the book in the original photo. It would have been wonderful if she'd had. Thanks for all your videos, always informative and instructive. Cheers from Denmark

    • @C4Vendetta
      @C4Vendetta 19 дней назад +1

      ​@@Gametheory101Slo-GGGGHHHGGHH-teh-ren, you can do it I believe in you

  • @markuskristersson4663
    @markuskristersson4663 20 дней назад +51

    Thank you Spaniel for keeping us updated on current events regarding the unjustified war in Ukraine.

  • @tetrazene3876
    @tetrazene3876 20 дней назад +9

    A great pairing with this would be Perun's "Why wartime economies don't collapse (until they do)"

  • @paperandmedals8316
    @paperandmedals8316 20 дней назад +109

    Gazprom just reported a $7B loss down from a $31B gain, so a total loss of $38B. How was that not mentioned? That would suggest huge numbers of customers gone. Oil r efineries have nothing to do with NG.

    • @vovin8132
      @vovin8132 20 дней назад +7

      It's almost like less natural gas is consumed when the winter months end

    • @oohhboy-funhouse
      @oohhboy-funhouse 20 дней назад +36

      NG is hard to transport because you need to convert it to LNG when transported by sea. Pipes like Nord Stream are a very cheap way to transport gas. iirc Russia has only one LNG terminal which been hit. Europe was the biggest customer. Russia has to burn off the surplus or risk being unable to restart. Not surprised they made a massive loss.

    • @paperandmedals8316
      @paperandmedals8316 20 дней назад +1

      @@oohhboy-funhouse no shit, hence the massive cash loss.

    • @ForageGardener
      @ForageGardener 20 дней назад +2

      ​@@oohhboy-funhouseburning off NG doesn't cause a profit loss. Lost sales, or insufficient prices, or capital expenses do

    • @mishmohd
      @mishmohd 20 дней назад

      Q1 is for the streets

  • @oohhboy-funhouse
    @oohhboy-funhouse 20 дней назад +13

    Washington's fears of higher gas prices has been misplaced. They never asked where the distillates were going, if they did, they wouldn't care. Few want the distillates because they can refine the oil themselves, get the value added, the fractions they want, export the surplus. Doubly so if you can get the raw material for cheap, lowering gas prices. However, secondary sanctions would increase the price, so the allies are taking the $70 win, letting the foreign refiners pocket the difference.
    We haven't factored in who is paying for transport and smuggling overhead. I wouldn't be surprised if Russia is paying, as China/India has taken Russia to the cleaners from the start.

  • @yurykomarinskiy9497
    @yurykomarinskiy9497 20 дней назад +7

    Appearently dutch disease is studied in universities/schools in march. So any Dutch disease search might have a spike.
    But especially you might be in recomended list for several teachers.

  • @ulvitron
    @ulvitron 20 дней назад +53

    I really appreciate the quick, but not rushed, video explaining the stratigic goals of Ukraines attack. Thank you

    • @isakgronkvist5871
      @isakgronkvist5871 20 дней назад +3

      IT HAS GONE 2 MINUTES SINCE RELLEASE YOU COULD NOT HAVE WATCHED THE ENTIRE VIDEO IN THAT TIME

    • @sleepybokchoy
      @sleepybokchoy 20 дней назад

      @@isakgronkvist5871🗿 unless he watched it at 5x speed, it’s called multitasking

    • @MarvinWestmaas
      @MarvinWestmaas 20 дней назад

      @@isakgronkvist5871 It also likes to mention something as if the aggressor orcs are the one's 'under attack' and it got 13 likes right away.
      So either disgusting orcs or an orcbot, all the same to me though just imagine me pointing and laughing at them... loudly 🤷‍♂

    • @ronp2644
      @ronp2644 20 дней назад

      ​@@isakgronkvist5871lmao 😅

    • @Apollonos
      @Apollonos 19 дней назад

      @@isakgronkvist5871 You haven't heard of Evelyn Wood Speed Watching?

  • @Malignant88
    @Malignant88 20 дней назад +7

    I'm from Groningen, and for a non-native, you're absolutely fine.

  • @jackthatmonkey8994
    @jackthatmonkey8994 20 дней назад +11

    Groningen was pronounced rather well. Our pronounciations of "g" and "ng" (both are very different from eachother) are unique (and therefore difficult) in Western languages.
    Its funny. People laugh at German (the language of Germany) for being 'ugly', but in a day-to-day sense, Dutch is rougher than German. "How are you" in Dutch is "hoe gaat het me je" and in German its "Wie geht es dir"

  • @mikaelcronholm
    @mikaelcronholm 20 дней назад +7

    The unit shown at 45 seconds looks like a CCR, Continuos Catalytic Reformer, or Platformer. It converts Naphtha in gas form to hydrogen and high octane molecules that are used for hydrogenation of the diesel and to boost the octane rating of naphtha to turn it into gasoline. (Yes, it's actually a little more complicated, but I'm not writing a book.) Striking that unit would not completely stop production in the plant, but it is a very valuable piece of kit.

    • @panan7777
      @panan7777 20 дней назад

      For YEARS. They also don't have the tech to produce quality gas, so they will start producing Ru low quality, which will burn out all new car engines.
      After this war, Ru will be a third world.

    • @phoenix211245
      @phoenix211245 19 дней назад +3

      There was unconfirmed talk of domestic fuels getting reduced in octane content and environmental metrics to something like E3 or lower. Given that cars and parts are significantly more expensive now, and the double whammy of a recent report that over 40% of the oil on the market is counterfeit, that could really hit the people hard in a couple of years.
      Just to look at the numbers here, my uncle's car is around 50% more expensive if he sold it right now than it was brand new when he bought it 5 years ago.... People simply won't be able to afford a new car if the engine on their old one gives out. Sure, will take a few years for that, but we are in the third year of the so-called "SVO" here, with no sign of it stopping.

  • @no_rubbernecking
    @no_rubbernecking 20 дней назад +130

    When Ruzzian petroleum industries are a trending topic, YT AI triggers a wave of referrals to that video on Dutch disease. The latest spike is driven by the sudden tsunami of Ukrainian hits on refineries. The previous one was around a crash in oil and gas prices, which is having a massive impact on the retail price of fuel in the U.S. in both directions. This in turn is becoming a central topic in the Biden v. trump saga.

    • @nas4apps
      @nas4apps 20 дней назад +3

      Not so ... Russian refined fuels exports was not that big. See were the locations are !! Not quite super-tanker spots. And gasoline is not typically piped over large distances. Regional sales were supported, like to neighboring countries (and those are many), but crude is the main Russian fuel export. Important though: no refineries: no gas at the station: angry people! No kerosine for planes, no diesel for trucks ... no logistics and all halts!! Now: it grinds! Good shots by Ukraine!! Putin just needs to snap his fingers and retreat from the military operation...

    • @no_rubbernecking
      @no_rubbernecking 20 дней назад +3

      @@nas4apps I was speaking of the recent spike in views of the old Dutch disease video. However, it is unquestionably the case that U.S. retail fuel price increase correlates with the refinery hits. The petroleum market is global. Every barrel of anything that Moscow has to keep for itself that would have otherwise been sold to e.g. India, is a barrel India has to buy from someone else, which would have otherwise diluted the global market price.

    • @nas4apps
      @nas4apps 20 дней назад +3

      @@no_rubbernecking 👍 ... markets are emotional. Those Russian quantities are unlike Houston or Rotterdam, much smaller...

    • @no_rubbernecking
      @no_rubbernecking 20 дней назад +2

      @@nas4apps True that's emotional, but another truth is that it's dominated by North American price speculators who own or control massive storage facilities which they deploy for use in controlling wholesale prices. And they also tend very strongly to a particular political party which happens to not hold the White House or the U.S. Senate at the moment....

    • @giovanni-ed7zq
      @giovanni-ed7zq 20 дней назад +5

      not really, its impacting russian diesel and gasoline prices inside russia but its creating a bottleneck of excess russian crude which they have to sell on the international markets to chinese and indians at a deeper discount than the 30 percent they are giving them currently.
      it doesnt affect crude supply, but rather diesel and gasoline supply inside russia. also affects russian jet fuel because its a by product of gasoline production.
      you see the russians dont have the western experts or parts anymore because they left and because of sanctions. so if russia turns off its drilling pumps, there is a chance they wont start up again and its expensive to turn pumps off. as well if you turn off your pumps too long and it turns into winter, the pipes freeze and crack and takes a long time to repair and its very expensive. the russians found this out in 1990 when they shut off their pumps and they froze and cracked all their pipes and it took 20 years to repair it all with exxon mobile experts.
      its why when russia lost 82 percent of their gas sales to eu by pipeline, they didnt stop pumping gas but they burned it. because if they turned off the gas pumps and the pipes froze and broke they cant fix it. so russians just burning their gas cuz they cant sell it to anyone else right out of the well head.

  • @takunveritas
    @takunveritas 20 дней назад +29

    This video should have been twice as long.
    great content

    • @SebastianSipos
      @SebastianSipos 20 дней назад +2

      meanwhile I'm looking for a tl;dr

    • @Rickmanou81293
      @Rickmanou81293 19 дней назад

      I wish he'd make longer form videos. Not that he doesn't do enough amazing work. Just crave more after every video, and would love even more depth.

  • @christophorfaust2457
    @christophorfaust2457 20 дней назад +5

    Excellent analysis! Clear, to the point, and most rewarding, says, “we don’t know”, when we don’t know!

  • @scottsammons7747
    @scottsammons7747 20 дней назад +7

    A deep dive into the corollation to Alaska. And a projection for Alaska as a State, would be interesting.
    Starting out as a raw materials extraction colony, moved into territory status, discovery of gold led to population boom, moved into statehood, followed by petroleum industry finds and development leading to further population boom, growth in services housing etc.
    Now there is a demand to eliminate oil extraction in the 49th State while continuing to do so in other states.
    Alaskan economy is oil, timber, fishing, tourism, military defense bases, air transport of goods and to a lesser degree mining. There is virtually no manufacturing or value added processing.

  • @joeker1013
    @joeker1013 20 дней назад +10

    As for the manufacturing and service sectors, you could mention the population drain. Not just people leaving but the people being fielded and killed. Fewer workers pay goes up, inflation, fewer workers pay goes up. I am also wondering about the effect of flooding Russia with counterfeit rubbles, it should be easy enough to get them in through Belarus.

  • @user-te7rf8ik7z
    @user-te7rf8ik7z 20 дней назад +9

    17:35 The pic is not from Apollo 11. The 11 didn’t have the rover.

  • @mage1over137
    @mage1over137 20 дней назад +22

    So March is also my birthday month, so it makes sense that videos I like would be advertised more that month than other months.

    • @ronald3836
      @ronald3836 20 дней назад +1

      I tend to spend my birthdays watching videos about Dutch Disease, too.

  • @36cmarti
    @36cmarti 20 дней назад +10

    The Duct Tape was used on the Apollo 17 mission to fix the Rover.

    • @ddegn
      @ddegn 20 дней назад +4

      Thank you. I didn't remember which Apollo mission it was but I knew it wasn't Apollo 11.
      In case anyone cares, the rover wasn't included until Apollo 15.

  • @kleinweichkleinweich
    @kleinweichkleinweich 20 дней назад +8

    at 01:50 I spotted Gerassimov dressed up as a dutch wind mill

  • @spontaneousirony7043
    @spontaneousirony7043 20 дней назад +5

    If march is about the halfway point of spring semester for college students, they might be researching dutch disease for economics classes

  • @djangogeek
    @djangogeek 20 дней назад +4

    The explanation you gave for "Dutch Disease" is very similar to that of the "Cantillon Effect." After a quick google search I found that indeed what we know of today as Dutch Disease was articulated in the special case of a gold mine in Cantillon's Essay on Economic theory. Interesting stuff!

  • @limy1350
    @limy1350 20 дней назад +8

    The reason your videos are getting more views is because you’re awesome ❤

  • @General12th
    @General12th 19 дней назад +3

    Hi Dr. Spaniel!
    You can't sit in two chairs, but you can read two books on the invasion in Ukraine.

  • @Molagmal
    @Molagmal 20 дней назад +5

    Dutch here and born in Groningen, I have to say that you did quite well on the pronunciation! It's a though one 😉

  • @OutletVibes
    @OutletVibes 20 дней назад +4

    I come for the history/news and stay for the Find Waldo game

  • @chipsatterly4902
    @chipsatterly4902 20 дней назад +4

    Another thought provoking analysis!! Thank you!!

  • @equolizer
    @equolizer 20 дней назад +14

    Huh, as a German I've never heard the saying about washing fur without getting wet, but after some googling I found that it does exist, so I can't fault you for that lol

  • @caylynmillard76
    @caylynmillard76 20 дней назад +8

    Thanks for the vids! I watch every one twice.

    • @enricomigliorini9612
      @enricomigliorini9612 20 дней назад +1

      Me too, as I usually get to the end and feel like Prof. Spaniel explained everything very well, and I did not retain any of it.

  • @Scaredycat55
    @Scaredycat55 20 дней назад +3

    Thank you for your unique perspective and the great work

  • @Radi0he4d1
    @Radi0he4d1 20 дней назад +3

    In Russian, the term for natural resource dependency is "Oil Needle", as in needle of a smack syringe

  • @gigabyte128
    @gigabyte128 20 дней назад +3

    ur views are spiking cause ur an amazing channel, u should have 10mill subs, not 600k, lines on maps, and at the same time u give us the news, with no bullshit, not too long, not too short

  • @mauritsbol4806
    @mauritsbol4806 20 дней назад +6

    Algorithm favours videos a year or two years old, because it picks up on that (on the topic of war) videos are more relevant 1 year after publication that 6 months. Could make sense. Seasons are relevant for (some) videos, enough that an algorithm just starts recommending and seeing if a video is relevant one year on

  • @Asrtyulg
    @Asrtyulg 20 дней назад +7

    In march of this year several other content creators were talking about Ukraine's refinery campaign.

  • @GOPGonzo
    @GOPGonzo 20 дней назад +3

    War is politics by other means. Politics is economics by other means. Lines on charts will rule!

  • @marlenfras5490
    @marlenfras5490 20 дней назад +3

    Good reporting. Thank you. Strong democracy.

  • @Ragatokk
    @Ragatokk 20 дней назад +2

    A strong currency does not hurt manufacturing, for when you can import cheap resources, you have a competitive manufacturing sector.
    It does however hurt resource extraction.
    If people import too much made goods you slap on some tariffs.

  • @wimdejong5399
    @wimdejong5399 20 дней назад +4

    A brilliant presentation. Thanks!

  • @blobnate
    @blobnate 20 дней назад +3

    Great video! Thanks for sharing.

  • @a.e.rivera-weaver8175
    @a.e.rivera-weaver8175 20 дней назад +2

    Great episode, thanks for such detailed information!

  • @matt.willoughby
    @matt.willoughby 20 дней назад +2

    The "Aftershock" graphical effect was beautiful. .

  • @karsten27027
    @karsten27027 20 дней назад +13

    I have just found you. Very good. Need to look up some of your older posts.

  • @michaelgideon8944
    @michaelgideon8944 20 дней назад +2

    I read a story about how the Koreans have started cracking down on Russian sourced Naptha. Refined products are now stranded off the coast of Oman. It's unclear if this Naptha is from Russian refineries or from third parties using Russian crude for feed stock. There seems to be a ramp up in pressure on distillates even if the drone attacks are frowned upon. Confusing...

    • @andrewharrison8436
      @andrewharrison8436 20 дней назад +3

      Cracking down on Naptha - that's a terrible joke - you get an upvote from me.

    • @michaelgideon8944
      @michaelgideon8944 20 дней назад +4

      @@andrewharrison8436 Are you a petroleum engineer to get that one?

  • @UncleJoeLITE
    @UncleJoeLITE 20 дней назад +2

    We call this "Maladie Australienne" down here. Merci d'Australie à Mr Spaniel, great explanation.

  • @RIVERSTYX1981
    @RIVERSTYX1981 11 дней назад +1

    "You can't sit in two chairs" makes more sense than "You can't have your cake and eat it too".

  • @aes0p895
    @aes0p895 19 дней назад +5

    my best guess is that people are planning to tour EU in Spring, and it's a second-hand effect of paranoid travelers. thx for the video.

  • @yurilytviak9066
    @yurilytviak9066 20 дней назад +4

    Dang. We had our hundred some year old elm trees devastated. That was my first mental picture.

    • @RenegadeSound
      @RenegadeSound 20 дней назад +1

      I'm sure that occurred to Elm trees in UK too .

  • @dejanbusse805
    @dejanbusse805 20 дней назад +2

    Theory for Views: The Topic of Dutch Disease is part of a curriculum for Economics/related topics of a given country. So it is being taught at the same time of the year to the current grade. The Active searching for the Topic also could incentivise the Algorithm to show it to other people, resulting in the large spike in views.

  • @nuts4ships
    @nuts4ships 19 дней назад

    The "dancing red dot" at the beginning of the video is quite complementary to your 'lines on maps.' Enjoy your works and keep up the fine videos (and books).

  • @neoieo5832
    @neoieo5832 20 дней назад +6

    I just realized that this is a PowerPoint slide.

  • @beautifulsmall
    @beautifulsmall 20 дней назад +9

    Well done Cameron, standing forward with unrestricted use of arms, how many weeks will we wait for the rest of Europe and the US to stand alongside.

  • @richardtabor8686
    @richardtabor8686 20 дней назад +2

    Ty so much continued great content.

  • @danielsteiner7088
    @danielsteiner7088 4 дня назад +1

    Lets also realize that not only are parts less available but the US companies are no longer prominent in the repair and operation of petrol industry

  • @cipriancristea2122
    @cipriancristea2122 20 дней назад +17

    I'm a simple man I see a william video I watch

  • @ursusludens7174
    @ursusludens7174 20 дней назад +5

    Good video

  • @chas4life
    @chas4life 20 дней назад

    Thanks!

    • @Gametheory101
      @Gametheory101  19 дней назад +1

      Wow, that was incredibly generous. Thank you!

  • @goldenfeather5416
    @goldenfeather5416 19 дней назад +1

    17:33 The duct tape fix of the fender happened on Apollo 17, not Apollo 11.
    It was a great video regardless

  • @jeffsiegwart
    @jeffsiegwart 20 дней назад +5

    Great News!

  • @burprobrox9134
    @burprobrox9134 20 дней назад +4

    My theory for the viewership anomaly is that there is some professor or even a curriculum that covers Dutch Disease

  • @scottlyons8130
    @scottlyons8130 20 дней назад +1

    Norway got it right. They learned the lessons that the Dutch had to learn the hard way.

  • @lehazyo
    @lehazyo 18 дней назад

    Thanks for the video!
    I am from Russia and I am not familiar with the phrase about fish from 9:39. The closest we have is 'without work you won't catch fish from the pond', rhymed in the original (без труда не выловишь и рыбку из пруда).

  • @WinkelmanSM-3
    @WinkelmanSM-3 19 дней назад +3

    7:01 your book!

  • @McKushMaster
    @McKushMaster 20 дней назад +3

    Oh the viewer increase is because I passed out with your video on loop

  • @jankuyper8353
    @jankuyper8353 19 дней назад

    Good one

  • @MrCcristof
    @MrCcristof 14 дней назад

    Excellent analysis ❤

  • @ansoncall6497
    @ansoncall6497 20 дней назад +3

    my closed captioning covered the book! Great analysis as always.

  • @sleepybokchoy
    @sleepybokchoy 20 дней назад +6

    again, I’m a simple man. More lines on maps means more upvotes from me.

  • @parkersenders4446
    @parkersenders4446 20 дней назад +1

    "Wash your fur without getting it wet" is my favorite iteration of that expression. With the cake, like, why else would I even have a cake?

  • @raypotter9268
    @raypotter9268 19 дней назад +1

    Kudos on the book placement. I thought I recognized my book and wonder if she would give you review on Amazon.

  • @chrissmith2114
    @chrissmith2114 20 дней назад +3

    Dutch Disease sounds like fungal crutch rot due to too much time on a bicycle saddle.

  • @mryouben
    @mryouben 20 дней назад +25

    The rushist empire is crumbling

    • @theonewhoasked._.
      @theonewhoasked._. 20 дней назад

      yet they are pushing west

    • @brankosavic632
      @brankosavic632 20 дней назад

      Prije ce evropa da se raspadne to su vasi snovi ali nece se ispuniti

    • @eliice1715
      @eliice1715 20 дней назад

      😂If only

  • @KLRJUNE
    @KLRJUNE 20 дней назад +1

    I was going to ask some questions but some very knowledgeable commenters already answered them.

  • @Marc98338
    @Marc98338 19 дней назад +1

    2:30 I live there mate, appology accepted. ❤

  • @octopusguy5648
    @octopusguy5648 20 дней назад +13

    Got bless the AFU!

  • @MrJdsenior
    @MrJdsenior 20 дней назад +3

    I think Ukraine's attacks on the fuel infrastructure are justified and correct. And it won't likely end the war, but it damn sure makes it more difficult for Russia to fight it, especially politically.
    For me the Easter egg was Pootler in the Hockey suit, because I know what happened shortly after that, when he ate red carpet. Not sure if that was the one you were talking about, though...I will see when I get to the end of the vid.
    Har, har, the Rover fender fix/rocket science, pretty sure this is it. Not much of a stretch for a retired aerospace engineer. It is actually missile tape, though. Kind of just the duct tape of champions. In my day, it was an olive green. It was really impressive stuff, actually. In today's consumer comparison, think Gorilla tape, on steroids. Better, stronger material, intensely strong adhesive. That tape there looks as if it may have been foil backed, another form of it.
    Damn, got it wrong both times, I should have been thinking from your aspect, not mine. :-) Oh, that troublesome bias! That's one of those, "You've seen that about a thousand times now, John, do you think you might ever incorporate it? I can be a lot dense.

  • @Tobbs96
    @Tobbs96 18 дней назад

    I always thought Dutch Disease came from the Tulip Mania that raged in the 1600s, where Dutch tulips grew so expensive that they essentially formed a bubble that eventually popped the entire Dutch economy.

  • @jamesgough1887
    @jamesgough1887 19 дней назад

    Excellent video.

  • @NLJeffEU
    @NLJeffEU 20 дней назад +4

    Not only that, their economy starts to be as big as the Dutch one 😂

    • @renekuipers4563
      @renekuipers4563 20 дней назад

      Nog niet.denk ik ..gdp 1000 miljard.Ned..Maar de tijd zal het leren.

  • @joshuacarre06
    @joshuacarre06 20 дней назад +16

    Slava Ukraini

  • @annet7524
    @annet7524 10 дней назад

    Very interesting!

  • @pimpampet7053
    @pimpampet7053 20 дней назад +3

    I'm from the Netherlands and I don't mind you butcher that name...... :-)

  • @toplol1
    @toplol1 19 дней назад

    You forgot about the fact that due to Greace’s oil tanker’s lobbying the price was set at 60 dollars per barrel instead of 50 which was the original goal that would have hurt Russia way more and would have caused a lot more trouble getting the economy going…

  • @jjjones4982
    @jjjones4982 20 дней назад +1

    In the spring (Mar) people start to notice their Dutch elm trees have fewer branches & weak leaves They look up Dutch Elm Disease or maybe just Dutch Disease.

  • @Kuatier
    @Kuatier 20 дней назад +6

    Wake up babe, lines on maps man just dropped a new video

  • @marcg2233
    @marcg2233 20 дней назад +3

    video spike theory, I would say this might be related to f1, Max Verstapen, the reigning champion for those years, is dutch, the start of the f1 calendar is in march, I'd guess new viewers were like "where is Dutch?", cause not everyone knows about the Netherlands. They google it and then get a prompt about a dutch disease video and watched it. my best guess.

  • @thatrandomguyontheinternet2477
    @thatrandomguyontheinternet2477 18 дней назад +1

    As a Belgian, that Gronigen made me fysically recoil.
    Also good video

  • @debbiemilka2251
    @debbiemilka2251 20 дней назад +1

    OMGosh ! Elvira Nabiullina has a copy of how Ukraine has survived the Russian attack ! I hope your book hasn't given them new methods of prosecuting this war to their advantage. That is very serious news William.

  • @ButcherOfBeek
    @ButcherOfBeek 20 дней назад +14

    Could you also draw some line on maps in the rap war between Kendrick Lamar and Drake?

    • @Gametheory101
      @Gametheory101  20 дней назад +16

      Excuse me sir, but those would be "Lines on Raps"

    • @benholroyd5221
      @benholroyd5221 20 дней назад +5

      @@Gametheory101 Not "Rhymes on maps"?

    • @Gametheory101
      @Gametheory101  20 дней назад +9

      Best to make a poll and leave it up to viewers to decide 😂

    • @CraigTheScotsman
      @CraigTheScotsman 20 дней назад +1

      Think the shooting outside Drake’s palatial Toronto estate is involved?

    • @monsoonmadness3743
      @monsoonmadness3743 20 дней назад

      Yes ​@@CraigTheScotsman

  • @Grand-Rose
    @Grand-Rose 20 дней назад +4

    Can't have enough of nuance. Deeply lacking in today's world of video essays, you seem to be the final few of the bastion.

    • @karsten11553
      @karsten11553 20 дней назад +2

      Not if you ask the Vatniks. Anyone not concluding that russia is invincible is "hopelessly biased and living in a dream-world." I often see such comments on videos in which the presenter has said "this and this is bad for the Ukrainians" and "this and this is bad the for russians".

    • @Grand-Rose
      @Grand-Rose 20 дней назад +2

      @@karsten11553 today I learned what is a "Vatnik". Yes indeed, there seem to be these people and it is very ironic how this propaganda is effective even when there has been a huge miscalculation and heavy operational failure. Even considering recent Russian advances, they are at HUGE costs, both of life and weapons/ammunition.

    • @karsten11553
      @karsten11553 20 дней назад +1

      @@Grand-Rose spot on :)