Tag Archives: Oil industry

WTF Happened To Oil Prices This Week!?! | Markets Are Dumb 13

Futures Markets are a lot more interesting than you’d think. They are a key piece of financial infrastructure, that helped us build the modern world. If you’re interested, is fascinating on the way that futures markets freed farmers and other economic actors from the tyranny of uncertainty and time. On Monday we got a rare, frightening look at what can happen when a futures market breaks. In this video we lay out why US oil prices fell into the -30s on Monday April 20th.

Despite what much of the business press has told you, this price fall wasn’t just a financial oddity. If certain things don’t happen, these prices risk becoming a monthly occurrence. As the Coronavirus depression proceeds, we are likely to see further examples of financial machinery breaking down. Get a preview by watching .

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Video Transcript after the jump…

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Libya’s Curse: Khalifa Haftar | Libya 2 | Everybody’s Lying About Islam 37

I don’t like covering breaking news topics. I’m happy to produce a video on a deep seated issue that gets sparked by something in the news, but I don’t like making predictions or doing video takes about an on-going story (that’s what twitter’s for!). Mid-stream analysis, the bread and butter of the cable news networks, is largely bullshit. Unfortunately, for , Khalifa Haftar of Libya ambushed me. On to do a video on Libya, a topic I had already been researching for a week or two. On April 4th, Khalifa Haftar invaded Western Libya, throwing everything up in the air.

Half of this video was drafted before April 4th. As the news has rolled in, my estimate of Haftar, already pretty negative, continued to plummet. I have tried to make this video consistent and informative in its presentation, but I’m not sure I pulled it off. A video’s title is very much a part of the experience. Usually it just advertises and reflects the content, but I think with today’s video, more buffeted by events than I like, the title may present the conclusion. I shot this video last Thursday, and have continued to research and follow developments as they have come. Haftar is not the savior he is sometimes presented to be. I hope today’s video gets that across.


This video would not have been possible without the . On country after country I have found their work invaluable. They tend to be my starter source for one-shot videos like this where I won’t be reading multiple books.

After today’s video had been shot, the that Haftar has Saudi Arabia’s full support in his destruction of Libya’s chances for a settlement.

I found the of Haftar to be particularly useful for this video.

I used on Haftar and the Muslim Brotherhood in the video. Keep in mind that the National is a United Arab Emirates publication, so this article may be more useful for what the UAE wants you to think about Libya, than what is actually going on.

For balance I included a , the UAE and Egypt from Middle East Monitor, an outfit rumored to have ties to Hamas and the Muslim Brotherhood. Obviously if it’s anti-Saudi, I’m a fan, but this probably isn’t any more trustworthy than the National.

I also used this , and the article provides a nice discussion of Egypt’s shady bombing campaigns in Libya. Reuters is a US publication, so of course it’s going to downplay the fact that Washington, DC is, at root, the responsible party in this nightmare.

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Video Transcript after the jump…

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