After hitting $120 per barrel of crude oil, the price dropped all the way to $77 as of the end of September 2022. Mainly due to expectations of a slow down in demand due to an upcoming global recession. Cheap oil is great for the gas pump, its awesome for the economy, its very important in reducing inflation and mostly it is CRITICAL in winning the US mid term elections in November. But happened yesterday, was very strange. OPEC plus members countries decided to slash two million barrels a day from production, in a move to push up oil prices. As a result the price per barrel of crude started going back up and is nearing $90 per barrel. So what just happened and why?
*Disclosure: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
To join my discord community, weekly zoom calls and weekly hangouts for $5 per month, sign up here: https://www.patreon.com/user?u=13016082
Improve your investment strategy by getting access to institutional-grade research tools and data from TipRanks. Get a 10% discount for TipRanks by using this link below:
https://bit.ly/3BJA7KJ
If you are a creator on YouTube like me, get access to TubeBuddy, the best research and channel management tool around. I use it everyday for my own channel. Here is a 20% coupon code for the platform: "TOMSBUDDY" - use this link to sign up: https://www.tubebuddy.com/TomNashTV
Sign up for Morning Brew, the best quick news source for your morning routine: https://morningbrewdaily.com/tomnash
DISCLAIMER: All of Tom's strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching Tom's videos, please don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.

By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “Revenge.”
  1. Avataaar/Circle Created with python_avatars UberDump says:

    F the Saudi leader. Perhaps a mass fracking is in order and drive their price down to $10 per barrel.

  2. Avataaar/Circle Created with python_avatars Aivern Tan says:

    In another multiverse you could be a soap opera scriptwriter ๐Ÿคฃ

  3. Avataaar/Circle Created with python_avatars T. Durden says:

    Which party is more favorable for the big oils ??? Answer is pretty obvious. This is exactly the reason countries should be more energy independent from big oils. Just take a look at oil companies record profit the last 2 quarters. This is all BS!

  4. Avataaar/Circle Created with python_avatars Blรผ says:

    Bro you brushed off a journalist being killed to silence political opponents but in other vids talk about Twitter bans like theyโ€™re 1984 FOH ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

  5. Avataaar/Circle Created with python_avatars Morten says:

    well.. we can thank Biden for this.. calling an allied a murderer, is never smart. is MBS a murderer maeby yes, but so is America, so dont come on your high horse, and act righteous. he sholud have ceept his mouth shut, and let Tyrkey and the Saudies handle it them self. Now Biden can reap what he sowed.

  6. Avataaar/Circle Created with python_avatars Mars Oz says:

    Biden can just give 50% off for American EV then tell OPEC to get lost and all the oil companies

  7. Avataaar/Circle Created with python_avatars Chris Darr says:

    Vote red FTS

  8. Avataaar/Circle Created with python_avatars Jeff V says:

    No major impact on oil prices post-OPEC announcement. Probably because OPEC's influence on global oil prices has diminished as the USA has become the largest producer. OPEC may have had nefarious intent in reducing production, but I doubt the USA/Biden Administration experiences any real impact.

  9. Avataaar/Circle Created with python_avatars Roghach says:

    Kill em all I say! Bomb all theese dark beards into OBLIVION

  10. Avataaar/Circle Created with python_avatars Mr.Q says:

    Venezuela is gonna need some freedom soon.

  11. Avataaar/Circle Created with python_avatars Tym Titan says:

    Great Video

  12. Avataaar/Circle Created with python_avatars George Schneider says:

    I will remind everyone that Crown prince ( a contested title) Bin Salman is not the king of Saudi Arabia. He can learn from Noriega, Saddam Hussein, Mobutu or Khadafi. You donโ€™t play games with USA national security matters. How does he think he can lower the oil supply when the USA oil reserve is depleted? Believe it or not, he will not be missed if a small accident happened to him. I hope he is bluffing but if he is not, he is on a losing side๐Ÿคทโ€โ™‚๏ธ

  13. Avataaar/Circle Created with python_avatars R Barnard says:

    Buddy, you forgot the "victory lap" when Biden lowered prices. (Just remember, when it goes up, the president doesn't control prices).

  14. Avataaar/Circle Created with python_avatars Northern says:

    Our interest is high oil prices. Period

  15. Avataaar/Circle Created with python_avatars Puma says:

    Politics is really like game of thrones. Especially after this corona era.

  16. Avataaar/Circle Created with python_avatars Thinktank Indi says:

    That last line is classic ๐Ÿ‘Œ๐Ÿ˜† lol.

  17. Avataaar/Circle Created with python_avatars Joel Moses says:

    Saudis giving the gop 100 million usd…and now this…seems obvious what they want..

  18. Avataaar/Circle Created with python_avatars roger condliffe says:

    china are taking the pisston batteries are the new oil, i know it stinks.

  19. Avataaar/Circle Created with python_avatars t3knoman00 says:

    SPR, Strategic Petroleum Reserves are being used. And those reserves are dwindling at this rate they will be exhausted by this time next year.
    Anyone can look go look at the reserves online from month to month.
    Everyone in Washington is " just trying to make it to Friday " attitude.
    It is kind of exciting in a train wreck sort of way.

  20. Avataaar/Circle Created with python_avatars MB says:

    Maybe we should just quit supplying the Saudis with US military equipment and parts. When youโ€™re ready to play ball let us know.

  21. Avataaar/Circle Created with python_avatars Aaron R.G. says:

    So we have a cut, and we need to fill our reserves back up at the same timeโ€ฆamazing Biden!

  22. Avataaar/Circle Created with python_avatars Muskegon CrossFit says:

    Go Blue!

  23. Avataaar/Circle Created with python_avatars lam pham says:

    Well, Biden should at least stop selling weapons to Saudi.

  24. Avataaar/Circle Created with python_avatars Brad Haaf says:

    It's a little deeper than that imo I think the world sees America and its culture and thinks they've gone soft whereas they would have assassinated leaders and overthrown governments with their tool the CIA they're calling their Bluff and don't think they'll do it anymore.
    Guess we'll see what happens in the next 6 months, does US retain its gripper control or not.

  25. Avataaar/Circle Created with python_avatars Jon Bradford says:

    Look at these fools blaming the Saudis. This is Biden's fault. We should be producing more oil here and taxing the hell out of gasoline (not diesel for truckers).

  26. Avataaar/Circle Created with python_avatars Rosanna DeVita says:

    So that means we will resort to Venezuelan dirty oil and increase pollution not to mention ruin our cars. Oh letโ€™s not forget we gave our reserves to China which sold it to Europe. What a joke this administration is!!!!

  27. Avataaar/Circle Created with python_avatars Cedric Caunan says:

    Biden: I will tell the fed just print more oil. Problem solved.

  28. Avataaar/Circle Created with python_avatars Peter L. says:

    You're just awesome! Thank you, for informing us all of the deeper details that we might otherwise miss.

  29. Avataaar/Circle Created with python_avatars China Life says:

    So dumb Biden and his bosses

  30. Avataaar/Circle Created with python_avatars Dฤvis Palaps says:

    this will play back to Saudi Arabia…USA will remember it…

  31. Avataaar/Circle Created with python_avatars David Less says:

    I just read a good interview by Catsimatidis an oil refinery CEO… If biden opened up the XL pipeline we would be out of high inflation, the recession and the Fed wouldn't need to keep raising interest rates, makes total sense. All our refineries can only refine the crude that comes from mostly Canada, the refineries refuse to invest billions to be able to refine the SWEET oil that comes from fracking and shale drilling because the current Govt hates fossil fuel, so why take a chance on that long term investment?
    I really believe the administration's plan all along is to cripple the middle class wealth for easier control, thus crashing the stk market by raising interest rates. It sounds like a conspiracy theory, but makes total sense. JM$.02
    o

  32. Avataaar/Circle Created with python_avatars Dances with Paperhands says:

    Bidens sniffing young girls. He got no time for oil

  33. Avataaar/Circle Created with python_avatars Brucec 95 says:

    Fk OPEC! In the 1970's I was stuck in gas lines waiting for gas due to the embargo and I had no choice. Now I have an EV and power it from my Solar. EV prices are high now because production is still ramping, but you can buy a used Leaf or Bolt for relatively cheap and use it to commute.

  34. Avataaar/Circle Created with python_avatars Aqua Velva says:

    I thought nobody Fโ€™s with a Biden, especially the โ€œBig Guyโ€? LMAO

  35. Avataaar/Circle Created with python_avatars BorgRi says:

    Invest in solar, wind, hydro, nuclear, battery storage. Pain for few years, after that home free!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.