The Super Bubble Nobody's Talking About

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June 2008. In the middle of a looming economic recession, historic events were transpiring in what is arguably the single most important market on earth. Crude Oil. That month the price of a barrel reached an inflation-adjusted $157. A price that many argue broke the camels back sending the world into what would later be known as the great recession. From there oil collapsed, and slowly the commodity retreated into irrelevance. Oil stocks became boomer plays and the once-dominant sector fell to all-time lows. In April of 2020 we witnessed oil get so beat down, the WTI May contract went negative. An absurd event that showcased just how far the commodity had fallen. Oil was declared dead but outside of the media echo chamber, the reality was much different. Oil was poised for the comeback of the century, and we are now entering its most critical phase before the superbubble erupts. In today's video, we break down the single most important story in finance, the scary future of oil, and its implications on the economy.

Something shocking to think about. The world's largest oil producer isn't Saudi Arabia, Iran, Venezuela, or Kuwait. It's actually the United States of America. And while many fail to accept it, oil is arguably the single most important commodity in the world. Sure there has been an increase in alternative sources but we are not even close to replacing the black gold that is crude. Energy is life and the lack of energy is death. Apply this philosophy to world geopolitics and you see a clear pattern emerge. A pattern that explains most of the wars, conflicts, and movements we have seen in the past 40 years. The fight for oil is the fight for life on the world stage. And if you think foreign powers are not attempting to influence US energy production you, are absolutely wrong.

Видео The Super Bubble Nobody's Talking About канала MHFIN