The history of oil

Показать описание

Story of oil in comics. How OPEC was formed, why prices rose and why they are now falling.

Bisbo's latest video on Oil Prices:
-----------------------------------------------------

Our video on the ill-effects on fracking:
--------------------------------------------------------------

Our video on how the tax component on petrol keeps prices high
-------------------------------------------------------------------------------------------------------

The word "crore" (10 million = 1 crore) used in the video is common is South Asian countries, which don't follow the international system.

Support us with as little as $2 a month or get your name featured in our videos:
-----------------------------------------------------------------------------------------------------------

Follow Bisbo on Twitter:
--------------------------------------
@BisboGo

UPSC
---------
Use this video to prepare for UPSC and civil services examinations.

Рекомендации по теме

Комментарии

YouTube recommended this after 5 years to show the Indians why the price is risen!!😂😂

mevinkole

Play at 1.25 speed. Trust me, you'll be thanking me.

UncouthTiger

what ever happened in India oil prices is going up every day...

ajidantonio

Felt like I was back at school when they wheel that fat tv in to watch a video, while the teacher is drinking a cup of tea

robwilliams

Mr Adam Douglas is the best, recommending him to all beginners who wants to recover losses like I did.

tradingcareer

The value of the currency impacts oil prices (and all prices), too. Supply and Demand impact both the cost of the oil and the money. Played at 1.5, helps a lot.

toddcook

Cheaper oil is now the history... Oil prices increasing day by day so as inflation

confidence_trading

Despite heavy downfall in per barrel oil price, fuel prices have shot up in India. So the people have not been benefited, the government takes away all.

biveksharma

COVID 19 - I am about to end this mans career
(Oil at -$40 per barrel)

krateproductions

Very simplistic. Part of the price fall was due to OPEC trying to drive the price down below the cost of production in the US to prevent production of these new fields. However, the US industry has lowered the cost of production even further making US shale oil again economic to produce, even at these lower prices.

dahveed

Normal people found oil: get a shovel or anything to take it
America: get an M4, missiles, drone missiles, tank, full weaponized helicopter and jet fighters

Takaba

I recently discovered this channel. You guys have amazing content.

sushantmalik

OPEC and Russia also tried to push USA fracking out of business by over producing and bringing the price per barrel below what would be profitable for the more expensive to operate American oil industry.
It instead caused an increase in efficiency that brought the average profitable price to around $40 a barrel, instead of $60.
Also, the lower prices hurt these nation’s federal budgets and GDP considerably since their national economies where based on oil/energy sales.
The USA is not reliant on these sales to nearly the same extent and weathered the low prices quite well.
OPEC and Russia eventually had to place agreed upon caps on production to bring the price back up and gave up market share in the process.
All this led to a more robust and efficient American oil industry that is now set to overtake any other nation in oil production, oil refining, and the international sales of both refined oil and unrefined oil.
The USA has become an energy Superpower.
Hell yeah.

Yeager