- We skipped the oil boom and bust cycle - 1980’s recession caused by tight monetary policy in an effort to fight mounting inflation - 1990’s recession caused by restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, - 2008 recession caused by cheap credit and lax lending standards that fueled a housing bubble. - 2014 oil price crash due to Oil Glut from the shale revolution funded by banks just like the 2008 housing market. - 2019 oil price crash due to Covid 19 Lockdowns - 2022 oil price drop due to fed rate hikes and recession fears. - The last 3 oil price drops was not like 80s, 90s or 2008. It was little to do with recession more to do with induced demand decrease and shale glut. - Russia cutting of gas to Europe causes substitute nat gas for oil increasing demand by 1 million bopd. - West imported 5MBOPD from Russia Now down to 3.5MBOPD. The redirection of 1.5MBOPD caused a loss of 500kBOPD due to the limitations in the system. Now re-directing 3.5MBOPD causing 1 million bopd loss totaling 1.5MBOPD loss. - Chinese lockdowns will come to an end increasing demand by 1-2MBOPD - The 1 MBOPD SPR ends October - The two recent oil price crashes were due to shale oil glut and covid-19 having nothing to do with demand Call Kingdom Exploration to discuss our current oil investment drilling project. (307) 622-1645 Subscribe to my channel : https://www.youtube.com/c/kingdomexplorationllc?sub_confirmation=1 Request Information : http://kingdomexploration.com/Request-Oil-Investment-Brochure/ 00:00 Introduction 02:00 Oil Boom-and-Bust Cycle 07:30 Europe replaces Russian Gas With Oil 10:17 Global Warming & Anti Fossil Fuels Rallies Joe Bidens Base 13:55 Shale Oil Gives Excuses as it Declines 15:55 Biden Administration block 58,000 acres Oil Drilling Leases 17:22 Putin Threatens to cut West off from Oil and Gas if Price Cap imposed
