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The Geo-Financial-Political Implications Of The Crash In Oil (With Special Guest J.P. Sottile)
The price of oil has crashed this week and fell so low that the futures price for WTI went negative! I see this as a sign of a demand collapse and deflation for the moment in the economy, but beyond the markets and the US economy there are also geopolitical implications in the price drop. In this podcast I talked with J.P. Sottile of newsvandal.com as he just put out a very interesting post on this very topic you can find here:
https://newsvandal.com/2020/04/is-oil-kicking-the-bucket/
Is oil kicking the bucket? Can Saudi oil princes survive now?