WEBVTT

00:00.000 --> 00:02.960
We have lost five to seven million bears oil off the global economy.

00:03.240 --> 00:03.620
And now what?

00:03.700 --> 00:04.960
That's not coming for shale oil.

00:05.380 --> 00:07.500
It's not going to come from ramping up and trying to get down to

00:07.500 --> 00:08.140
Venezuela quick.

00:08.280 --> 00:09.920
A lot of markets are closed on the weekend.

00:10.060 --> 00:11.800
So it's really interesting how this happened on a weekend.

00:11.980 --> 00:13.080
It happened on like a Monday.

00:13.460 --> 00:14.500
Happened on a Saturday.

00:14.760 --> 00:17.260
So I did jump into GROC and I asked it some questions like, how

00:17.260 --> 00:18.720
much oil is really moving through this pipeline?

00:19.040 --> 00:21.260
45% percent of global oil supply.

00:21.580 --> 00:24.780
But remember, it wasn't just a regular oil supply pre-war.

00:24.980 --> 00:25.400
That's what I'm saying.

00:25.760 --> 00:27.000
It's a slow milking phase.

00:27.580 --> 00:29.760
If it was to happen too fast, people would protest.

00:30.000 --> 00:33.120
But this incremental inflation that's coming through and the

00:33.120 --> 00:36.340
cost of good just going up and up and up every month.

00:36.540 --> 00:40.320
Yeah, people are complaining, but it wasn't too much too fast.

00:41.420 --> 00:44.820
Now this is a tidal wave way too much too fast.

