Graham Stephan | No More Gas | The Worst Energy Crisis In 40 Years @GrahamStephan | Uploaded November 2022 | Updated October 2024, 1 day ago.
Lets talk about the Oil Crisis Of 2022 - Add me on Instagram: GPStephan - GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: grahamstephan.com/newsletter
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Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
THE 2022 OIL CRISIS:
On the most basic level, the United States uses almost 20 million barrels of oil, every single day…which, makes us the number-one consumer of oil in the world…but, there’s catch: since we only PRODUCE 18.6 MILLION barrels of oil per day…we’ve become reliant on OTHER COUNTRIES to fill that deficit.
Now, this isn’t inherently a bad thing, because financial speaking, foreign oil is WAY CHEAPER than we pay to manufacture locally here in the United States - but, that means we're subject to price volatility should there be any disruptions.
In terms of how they intend to bring prices down:
1. NOPEC
This bill - if signed into law - would allow the United States the option to sue Opec - and its members - for fixing and manipulating the price of oil, similar to how they work to dissemble monopolies who gain too much control within a specific sector.
However, the downside is that - it might be near impossible to enforce any decisions against a foreign nation, it’s heavily opposed by the US-Based Oil Companies - and, if they actually pursue this further - there could be serious consequences from other nations who could make the situation worse.
2. OIL RESERVES
15 million barrels are currently scheduled to be released in December. As they say: “The upcoming oil reserve release is aimed at ensuring there's enough oil on the market to ensure gasoline prices don't spike up.
3. MORE PRODUCTION
According to the US Energy Secretary, “the U.S. was working to identify at least 3 million barrels per day of new global oil supply, with assurances from several high-level oil and gas executives that their companies were set to dramatically increase investments and bring online new rigs.”
My ENTIRE Camera and Recording Equipment:
amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures
Lets talk about the Oil Crisis Of 2022 - Add me on Instagram: GPStephan - GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
THE 2022 OIL CRISIS:
On the most basic level, the United States uses almost 20 million barrels of oil, every single day…which, makes us the number-one consumer of oil in the world…but, there’s catch: since we only PRODUCE 18.6 MILLION barrels of oil per day…we’ve become reliant on OTHER COUNTRIES to fill that deficit.
Now, this isn’t inherently a bad thing, because financial speaking, foreign oil is WAY CHEAPER than we pay to manufacture locally here in the United States - but, that means we're subject to price volatility should there be any disruptions.
In terms of how they intend to bring prices down:
1. NOPEC
This bill - if signed into law - would allow the United States the option to sue Opec - and its members - for fixing and manipulating the price of oil, similar to how they work to dissemble monopolies who gain too much control within a specific sector.
However, the downside is that - it might be near impossible to enforce any decisions against a foreign nation, it’s heavily opposed by the US-Based Oil Companies - and, if they actually pursue this further - there could be serious consequences from other nations who could make the situation worse.
2. OIL RESERVES
15 million barrels are currently scheduled to be released in December. As they say: “The upcoming oil reserve release is aimed at ensuring there's enough oil on the market to ensure gasoline prices don't spike up.
3. MORE PRODUCTION
According to the US Energy Secretary, “the U.S. was working to identify at least 3 million barrels per day of new global oil supply, with assurances from several high-level oil and gas executives that their companies were set to dramatically increase investments and bring online new rigs.”
My ENTIRE Camera and Recording Equipment:
amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures
