Episode 76 - Plastic and big oil | Chinese trading with Iran | Rockefeller Center | Gene Epstein (Soho Forum)

Published: July 30, 2019, 1:41 p.m.

b'https://www.wsj.com/articles/big-oil-flashes-the-plastic-11564328146

Is fossil fuel demand growth REALLY waning?
But are plastics really the place where returns will come from? SABIC showed poor returns last quarter but is that transient and plastics are really where its at?
Plastic is everywhere, even if use of disposable plastic decrease.
For laughs, buy your TRUMP straw here: https://shop.donaldjtrump.com/products/trump-straws/?utm_medium=ad&utm_source=dp_googlesearch&utm_campaign=20190718_na_store_djt_tmagacmerch_ocpmypur_bh_audience0001_na_copy00162_us_b_18-99_gsn_all_na_lp0032_shop_conversion_search_na_na_na&utm_content=sto&gclid=Cj0KCQjwsvrpBRCsARIsAKBR_0IGw_3zz2Yiu3YGQNbAt341lWMPzNHxqdBk5oxykk1TNp0kXwC5EGMaAjVQEALw_wcB)

https://www.reuters.com/article/us-china-economy-trade-crude/chinas-iran-oil-imports-plunge-as-us-sanctions-bite-idUSKCN1UM0CB

Iranian shipments to China are down in May and June but up in July
Will President Trump use the Iranian oil issue as leverage in discussions with China over trade?

https://www.nytimes.com/2019/07/25/opinion/climate-change-fossil-fuels.html
Why Are We Still Looking for Oil and Gas? What recourse could government really have in this?
Leasing on Federal Lands, EPA staffing, etc.
Can they stop it entirely? No, but could make it very frustrating.

Discussion with Gene Epstein
Director at SoHo Forum - debate coming up on August 12 on Bitcoin!
Where is the economy heading right now? When will recession occur? How bad will be it be?
Perma-bears say recession that is to come will be worse than 2008 recession
Maybe will be mild recession similar to 2001 and 1991? Less severe bubbles now (housing and stock market) Distortion of interest rate - it\\u2019s too low but maybe not that low.
Global recession? Certain sectors could continue to do ok while others do not. Where the decline in jobs occurs is key.
If the United States sneezes, the rest of the world catches cold. Difficult to imagine that a recession in the U.S. won\\u2019t impact the rest of the world.
Trump and China - not the main event
www.TheSoHoForum.org
Check out their debate on bitcoin and crypto-currency
Could it be the wave of the future?

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com'