The US is ridiculously behind in just about every manufacturing metric there is. The amount of money that's literally wasted on AI and entertainment is ridiculous.
When I hear the demand is down, or lower than supply, this really is nonsense (my opinion). All experts know well the correlation that the GDP versus Energy consume is strongly correlated even when inflation is low. When the energy consume decrease from increasing oil by-product prices, consumers are not able to purchase what amount they need, this is economic crises. The energy crisis lead to economic crisis.
The US Producers forced Europe to buy overpriced LNG. Now the European Consumer is unable to afford to buy Oil from the US Suppliers. The money seemed to boost the US GDP temporarily. The Russians and the rest of OPEC can dump their low cost Oil Products on World Markets and drive prices down. That could leave Frackers again unable to pay for the Bonds they sell to promote Fracking. That appears to leave US Producers in an awkward position. US Consumer Demand has dropped off due to a lack of Money supply, as the FED seems unable to find support for their Printers. The FED is unable to print more Dollars to stimulate Demand, because they need some buyers to purchase T-Notes to support the Dollar. The Days of the US dictating the cost of World Trade appear to have ended.
Sign up for my free newsletter here - www.mauldineconomics.com/go/JM563I/YTB
More Josh Young and Jan Stuart please. Subscribed.
Great level headed discussion and opinion. No hype.
That's always the goal. Thanks for watching! -Ed
Ed you need to interview Adam Rozencwajg of Goehring and Rozencwajg for a different view about oil and natural gas supplies.
That is a great suggestion - I'll reach out!
Your suggestions are more likely correct.
The US is ridiculously behind in just about every manufacturing metric there is. The amount of money that's literally wasted on AI and entertainment is ridiculous.
Ya. (Goed gedaan Jan) Dutchmen don't bring good news. ;) We are just real. Very good guests on this show.
When I hear the demand is down, or lower than supply, this really is nonsense (my opinion). All experts know well the correlation that the GDP versus Energy consume is strongly correlated even when inflation is low. When the energy consume decrease from increasing oil by-product prices, consumers are not able to purchase what amount they need, this is economic crises. The energy crisis lead to economic crisis.
The US Producers forced Europe to buy overpriced LNG.
Now the European Consumer is unable to afford to buy Oil from the US Suppliers.
The money seemed to boost the US GDP temporarily.
The Russians and the rest of OPEC can dump their low cost Oil Products on World Markets and drive prices down.
That could leave Frackers again unable to pay for the Bonds they sell to promote Fracking.
That appears to leave US Producers in an awkward position.
US Consumer Demand has dropped off due to a lack of Money supply,
as the FED seems unable to find support for their Printers.
The FED is unable to print more Dollars to stimulate Demand,
because they need some buyers to purchase T-Notes to support the Dollar.
The Days of the US dictating the cost of World Trade appear to have ended.
thanks thanks for the video...
How would oil trades done in other currencies than the dollar affect the accuracy of data?
We might not know about the transactions - some would likely be done quietly.
Wow. 80 dollar oil next year due to saudi monopoly to sustain high oil prices. Guess even more reason to buy an ev and put up solar panels.
Good. We need global energy security to collapse.
Seems like a bad idea!
Norway wins Europe share . El alamein. ? Is suspect to europeans but not to UAE.
👍👍
China south China sea had recent find .
Africa?
The Pacific?