Could Oil TRIGGER the Next Financial Crisis? Major Disruptions Have Already Occurred in 2018!
Oil is so important and any potential disruption is so damaging to the global economy. It would happen in an instant. The petrodollar is also a major factor which has kept this monopoly alive for so long. Commodities are priced in US dollars and that gives the US such an advantage. Some argue that having the reserve currency gives the US the ability to export their inflation abroad. Understand the in’s and out’s of oil, and you will understand its effect on the global economy.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
Crude Oil Price - Live Oil Prices Chart, Forecast & Latest News
https://www.dailyfx.com/crude-oil
This Is What an Oil Shock Looks Like - Bloomberg
https://www.bloomberg.com/view/articles/2018-06-01/this-is-what-an-oil-shock-looks-like
Business economists worry about possible recession in 2020
https://apnews.com/5df2300faa8a4f74b9b0f3ae2b6c64aa/Business-economists-worry-about-possible-recession-in-2020
2018-06-04_12-20-30.jpg (890×452)
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If solar ever became bigger to try and reduce oil costs would that create a rise in silver commodities?
Hi @themoneygps how exactly do you think Trump pulling out of the Iran deal affects the oil prices - economically speaking?
I was trying to explain this to a friend the other day and had a bit of difficulty technically explaining how it could do so.
Saudi Aramco is still not done deal so I would think it is jn their interest to drive crude price up to get more for Aramco ipo now say to ipo in 2019? Where do you think crude price is going David?
The demise of the petrodollar is the real culprit . Just the thought scares people out of owning it . It would only be reasonable to expect a lot of instability through this sector . Many unknowns.........LOL I sounded like Donald Rumsfeld ⁉️😆😂🤣 Great report 👏👍