This Graph is ALL of Modern History
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- Опубликовано: 8 сен 2024
- This graph can magically show you how crazy the world is in that certain time. How does it do this? Through showing our fear. But how does this graph show our fear? I guess you'll have to watch to find out.
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la flame says to let your ambitions carry you
Shoulda went for the Rhino tank from GTA 3
I find it incredible how an entire generation lived through the 70s oil crisis and then doubled down on car dependent infrastructure for the next 50 years
north america 😎😎😎🤌👌🇺🇸🇺🇸🇨🇦🇨🇦🇨🇦🇺🇸🇺🇸🇺🇸🇺🇸🦅🦅🦅🦅🦅🦅🗽
We also produce more oil than any other nation.
@coosee :v Based boomer, sigma grindset 🙏💪
@coosee :v Gex X and Y are the same tbh, but remove the flat ass with THICC.
This was actually one of the causes that triggered the shift towards more pedestrian and bike friendly infrastructure in the NL from car dependency.
Ahh how I miss the first oil crisis of '73. Weird how we thought such a price jump would be a once-in-a-lifetime event....
Sounds like The Great War. Surely there can’t be another war this bad, especially a much worse war, right?
Then there’s World War III, if it starts, better be when I’m asleep.
Well it should be, because everyone who was an adult in 1973 should fucking die already.
It still is a lifetime for people in developing countries
@@ausboy2281 💀
@@ausboy2281 my country still developing with half a dolar per liter
I absolutely adore, that you're using animals to depict countries :D
ayo it's the german politics guy
@@rabituin1474 Hitler?
@@difficiliscarere9838 that one was Austrian
How do you pick the animals?
@@johannes-7710 every country has a national animal
then he draws those national animals and puts the country's flag over the animal
I think it would be interesting to see a video on the countries of the modern world if you had to have 8 gps like Victoria II. Various factors could go towards that, and after the US, Russia, China, it would be interesting to see how the other places would play out.
Nah, the world right now is still extremely clearly unipolar and hegemonic, and while admittedly now it is less than it was in the 90s, it's still not as volatile as the world order in eu4-vic2 times, where there were tons of world powers fighting each other (but even then it was more asymmetrical that you probably think, and countries like Spain, the ottomans, France, Germany and England were at points treated the same way they united states are now.
Interesting concept. Like you said, top 3 would obviously be US, China and Russia but I think the other 5 could be India, Japan, France, UK and Germany. As for secondary powers, I think Brazil, Mexico, Israel, Canada, Australia, South Korea, Indonesia and Turkey are decent options.
@@aldomartinez19 Suadi Arbia and Iran are also arguably secondary powers in their both religious and economic power dictating the middle east and the Islamic world.
@@bulletghost3452 True, although I'd say Iran is the more powerful/influential country out of those two and Turkey also somewhat fulfills that role tbh.
Recent oil prices are partly a result of electrification. Normally, when prices rise like this, someone will produce/sell more to undercut the rest and make a huge chunk of change. However, oil producers see the writing on the wall and therefore have little incentive to undercut. They want prices to be high because it's more about getting the maximum price per unit, not gross profits. That being said, someone is going to start undercutting eventually; probably when a company's yearly earnings is a couple of months away so that their stock price can go vroom -- much to the ire of everybody else.
It's kinda like a going out of business sale, but there's no need to liquidate inventory because we're talking about a very gradual decline in sales that will take decades -- and even then, there will always be some kind of market for petroleum (plastics, old tech, jet/rocket fuel).
Auto, oil, and construction should all collectively push heavy into emerging markets. Electrification is slowly pushing them out of developed economies, but there are so many developing nations that would benefit from fossil fuels investing heavily, Construction companies building roads, auto manufacturing factories. Non of this is very environmentally friendly, but it will eventually happen once western markets become unavailable.
Green energy is one factor that plays into it
But in the short term a more significant factor is that after the instability caused by the Covid crash and Russian invasion of Ukraine, it’s simply less risky and more profitable for oil companies to decrease reinvestment and raise the price. Reinvesting in the companies to bring production “back to normal” is too risky at least from a financial perspective.
The video in a few words
Oil prices don’t tell us anything about how the world is going at the moment, only of the Middle East
Seems primarily tailored to American history rather than modern history, but still really entertaining!!
And the history of every major oil producing nation.
history is always about the leading nations
“When I was your age history was my favorite subject by miles.” Lieutenant Kotler
Content is great and all, but I just come to every video to watch the national animals. They're so nice.
“If it weren’t for history we wouldn’t be sitting on this table.” Bruno’s grandfather
Who's Bruno
Who's Bruno
@@GordonSnowMachine Bruno is the main character from The boy with the striped pajamas
@@PokeCastle “We don’t talk about Bruno no no no. We don’t talk about Brunoooo.”
@@lucianoosorio5942 lol I thought that too when I read your first comment
Dude, no. It's the couplet of the end of Bretton Woods (which you mention) and the rise of petrodollars in 1974 (thanks William Simon!). That's exactly the reason - the volatility of the dollar and its peg to oil.
Bretton woods didnt end in 74 though....
@@cuddlemuffin.9545 Yes. That led to the repeg of the US dollar. The one preceded the other.
I'd say the 2014 dip is more from the shale revolution in 2013, which more than doubled United States oil production since then, since as you said the middle east had already started to fall off of the oil producing pedestal. Great video though!
Al-screw it 😂😂😂😂
“A bad economy, and weak government mean that the people are a little too unhappy.”
So when a small guy with a silly mustache comes along, and says he can fix everything, the people love him.
That and death of a moderate SDC Chancellor and replacement by a staunch monarchist, communist party adamant refusal to form a coalition with centrist and center left parties, and Great Depression.
Few important things to mention:
The graph is very important in relation to Russia. Russia is dependent on selling oil and natural gas, especially to Europe. Those are the keys to the existence of the regime of Putin. Whenever oil prices were high, Russia invaded its neighbors. Russia invaded Georgia in 2008 when oil prices were high. In 2014, they annexed Crimea because oil prices were high and there are natural gas reserves off the coast. And since oil prices were high, plus it was the 100th anniversary of the Soviet Union’s founding, Putin decided to invade Ukraine last Feb 2022, with the approval of Xi Jinping. It’s not going so well for him now.
Iran before 1979 was a puppet state of the USA under the Shah who had his SAVAK secret police that was helped by the CIA to torture and execute people who spoke out against the regime. The Shah was reinstated after the CIA orchestrated a coup of the democratically elected prime minister, probably because the PM was a bit too on the left (US code word for “communist”). Under the Shah, society was very Westernized with women having more rights such as not being forced to wear a hijab. It was brutal, but it was still much better than the fundamentalist regime that took over after the Iranian Revolution. It’s kind of (really) America’s fault for manifesting Iran as an enemy.
Throughout the 20th century, America installed right-wing dictators in Latin America with the excuse of “communism” (of course with the help of the CIA). This was mostly to secure American business interests like for the United Fruit Company, who basically ruled Central America under “banana republics” to export bananas to the US. Whenever the people living there wanted actual rights, the corporation asked the US government to send in the military. Because of brutal dictators and corporations that were basically their own city-states, Latin America still has not recovered. And to make things even worse, America sent gangs back to their homeland where the governments are unable to contain them. Gangs have become much more powerful and the cartels have emerged. All of these factors mean that America created the border crisis that most conservatives/Republicans in America complain about.
Cuba became communist because Castro overthrew US-backed dictator Fulgencio Batista.
Idk much about Venezuela, but there’s likely dictators related to US and against it, plus they have oil, which relates to the graph somehow.
So basically :
"Earth provides enough to satisfy every man's needs, but not every man's greed."
Mahatma Gandhi
Interesting read, thanks for sharing
@@Conejoazul2018 wtf why did my comment about gandhi get deleted smh
What in specific are you talking about in "America sent gangs back to their homeland ....."
Are you talking about deportations or something else?
@@northernmostrat I don't know the details, but I mainly mean America sending prisoners who are in gangs back to their homelands where the governments and the prisons there can't handle them due to corruption or weakness. In the jungles or slums of Central America, gangs can regroup and grow in power. Deportation can also contribute. By all means, feel free to fact-check this because this information specifically only comes from an Al-Jazeera+ video I watched.
“We’re in the course of human events, it becomes necessary for a battle to commence.” Thomas Jefferson
I think the other part you missed was that all this price instability happened almost immediately after the elimination of the gold standard, thus the price of oil was no longer gold backed currency versus oil, it is now fiat paper versus oil.
Back then though, with the gold standard still around, I feel the bust and boom cycles were harsher and more devastating.
Late 2000s price jump was also caused by strong hurricanes in the gulf coast. Refineries were being shut down
Pre 70's the world population was also not 9 billion faces. To give this chart context you've got to overlay global supply and global demand because oil prices are relative and this graph lacks context!
good vid as usual. youll definitely get lots of subs just keep at it.
As soon as you started listing the exceptions of peace at early stage of graph, I knew you got me clickbaited
Look forward to watching this channel boom in popularity
The skyward sword music in the back was really neaty
I'd say it represents more modern middle eastern history
Here in my car, I know I’m starting to think about leaving tonight, although nothing seems right, in cars.
My boy didn't forget any of our wars and struggles in the pre 1970 period 😢
Fascinating it goes up it goes down
It is really impressive how far we've gotten in AI voice technology. This guy almost sounds real
whenever we’re blessed enough to get hoser merch, you HAVE to make your cute animal flags as pins. please and thank you.
keep up the good work ! your videos are amazing !
stickers would also do.
plushies would be awesome too!
"look at this Graph!" -Nickleback
i wonder what the affect of renewables will be on this graph.
This came up when I was searching the “look at this graph” video
The 2020 dip wasn't due to COVID. If I recall it was a price war between Saudi Arabia and Russia.
Can you please some day talk about west papua?
Hey Indonesian here and I think west Papua should gain independence because the borders within the country doesn't make any sense
But, Im afraid Australia might exploit west Papua like they did in Timor leste
@@SuryaGD australia is already exploiting the region, so what would the difference be in that case. I guess that if they wanted "total" independence, they could maybe ask china I guess. China would LOVE more natural resources to consume.
As I suspected Oil is not extremely expensive , inflation is
Never gonna give you up
Never gonna let you down
Never gonna run around
And desert you
UwU
Never gonna make you cry
I love the sarcasm.
Please do Switzerland vs the future
"The world was pretty unstable during the time of Iraq but you gotta admit if they had some cool vehicles there"
"What if I told you we could invade it"
So really this graph is all of modern Middle East history
I made a bet with my brother if gas is ever under $3.50 I’ll give him $5
West: fucks up middle east to mess with oil prices
Also west: yo why oil prices so bad
Next time gas gets to $4 a gallon I'm going to fill my bathtub with it
Love your videos and style man ! Keep it up
From the graph I see:
It won't ever go below $60
The prices of $70 has held firmly
Any dip below $80 will require intervention.
We're on the precipice of electric cars going mainstream. Will this mean that the price of lithium, which is used in car batteries, could have ramifications around the world?
Chile is about to be the new Middle East
@@andrewlynch4126 Will this lead to Chile becoming a geopolitical chess piece, as well as America again toppling Chile's democracy?
@@nathanseper8738 I’d say there is a decent chance but Chile is already pretty pro US and I don’t really think the US will risk turning Chile into a new Iraq, Bolivia on the other hand will almost certainly have something something happen to them maybe Peru too
@@nathanseper8738
Latin America is firmly on the American sphere due to Monroe Doctrine
@@genghiskhan5701 That's a good point. But could you see other countries using Latin America to start proxy conflicts against the US?
I really like your flag animals for countries bro
I would say that it measures chaos in oil producing and oil buying countries
I love oil, it’s cheap and tasty
Yeah, I guessed it was oil prices. I may or may not have stared at the graph for 2 hours.
havent seen the video yet but this looks interesting
You should do Nepal Vs the future
Do Qazaqstan 🇰🇿 Please 🙏.
That's like looking at only the heart rate of a person and saying that's all of your health...
how did he skip over 2019?? the price of oil is basically the same as it was at the start of the graph and thats when the USA became energy independent which i think is a big deal and shouldnt be glossed over. ofc now it isnt because the pipeline to Alaska was shut off and oil reserves on US soil are being sold to China which are really dumb ideas
It is pretty accurate if you ignore countries that were virtually only focused on internal issues at the time.
how would the cold war and Korean War be described as « internal issues »?
@@peskypigeonx The Korean war was mostly an internal issue that other powers jumped on.
Otherwise, there are exceptions, just not that many.
4:35 i can't tell if that's a joke or if he thinks those examples are actually optimistic.
The US should have never abandoned the gold standard
I’m guessing it’s world tension
Yea
The flatter part of the graph doesn't say world peace with so many problems/wars around the world
0:18 Das Rite
This video is an intelligence asset and I can explain it later when I have more time if anyone wants. Only mild tinfoil hat.
Modern history is considered to be 1500s to present.
wait... how the hell did i guess that correctly??
I’ll see you all in the breadlines.
Capitalist countries have breadlines, it's called the grocery store.
I didn’t even watch the video yet.
Guys blame the UN anyway
you missed the time during the pandemic oil prices went negative :)
U should use real price not nominal and see the result
yes
Oil is old times solar power is the new age
No
Not sufficient land for the solar farm as it was converted into homelands and the e-waste coming from it was very hard to recycle.
Iran Iraq CIVIL war???
"All modern history" = 20th and 21th Century
Greetings
Oil crisis 70s because yom kippur war aided them. Iran Iraq made oil expensive
I prefer the geography of nations videos
haven't seen the video yet but i bet it is important lol
Woah
nice
Wow, oil is… a little too important
Maybe? They totally lied about WMDs in Iraq.
So just basic historical materialism?
74th !
Theres nobody
😧😧
i just wasted 10 minutes on this
I wasted even more making it
@@h0ser clickbaited😔😔😔😔
I
Oh
It was clickbait😫😫😫
This is filled with speculation and no supporting facts whatsoever.
Why are you putting Iraq flag in a goat ? I am from iraq and I dont find that relatable anyway
IM FIRST
🥇
No : (
Lol
who asked
You need TO MAKE A VIDEO ABOUT POLAND PLS PLS PLS PLS PLS PLS MRHOSER MRHOSER MRHOSER PLS
make a video about clean energy . how ev will impact oil countries ？
I’m just 22 but I knew instantly this was an oil chart. Man I should really go outside and enjoy my life 🫠
IM FIRST
IM FIRST