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USA Starts Oil Price War - Joe Blogs
In this video I discuss Donald Trump's instruction to the USA Oil Industry to 'Drill Baby Drill' which is designed to alleviate inflation issues by increasing the supply of oil and lowering the price. However in addition to this OPEC+ has also announced a surprise increase in production which will further expand the Global Supply of oil and result in further price falls. Added to this Donald Trump's tariffs have resulted in an expectation that global trade and the demand for oil will fall in 2025 and this is likely to lead to the fall in the price of oil accelerating.
Chapters:
0:00 Intro
2:51 OIL PRICE
4:48 OIL PRODUCTION
5:44 OPEC
8:15 OPEC QUOTAS
14:13 SUMMARY & CONCLUSION
1 replies
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