Oil Prices are low but not for long. The Shale Game is dying & OPEC/Russia is desperate. Trump keeping oil prices low is an act of war! 90% of Saudi Arabia and OPEC GDP is 90%+. Without Oil They Will Not Survive. Russia is in a similar predicament as Oil is 60% of their GDP. America doesn’t need Saudi Oil and we flaunt it in their faces every chance we get. OPEC has been manipulation oil prices and controlling the worlds oil supply for years. For the first time they have little control and they loose market share to America. Every time Saudi OPEC cartel cuts back America fills the order taking more market share. OPEC is desperately trying to find ways to increase oil prices!
Video Script:
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you guys Sean Pruett here happy Friday
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today’s casual Friday I don’t dress up
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nice on Fridays um a lot of people are
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wanting wondering what’s what the hell’s
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going on in the oil markets well Iran
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has been trying to suck us into a battle
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and it hasn’t worked for them
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Iran dropped bombs in saudi arabia and
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Saudi Arabia Russia Iran OPEC they were
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all hoping oil prices went up to 100
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something dollars a barrel now the
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reason why I know this I mean history
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repeats itself you follow the money okay
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I mean they don’t produce oil just to
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produce oil they’re doing it for the
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money they they love money more than
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anything okay
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OPEC loves money more than anything it’s
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where they get their power control and
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without it they’re nothing okay right
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now Saudi Arabia’s economy
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isn’t it cannot last much longer with
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these current oil prices I’m not gonna
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sit here and explain all the details to
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you but all the money that they have
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made by becoming the richest oil country
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in the world it is drying up faster than
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you can believe in order for them to
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break even this year oil prices need to
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be $80 a barrel that means they’re
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losing money right now
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not not only are they losing money
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they’re also losing market share right
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now and so they’re seeing their oil
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power
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dissipating 90% of their GDP is oil Iran
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same thing
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OPEC same thing Russia 60% of their GDP
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GDP is also what do you think they’re
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gonna do you think they’re gonna sit
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back now here’s here’s something you
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guys have to understand they have been
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manipulating oil prices for a long time
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that’s the only way they know to
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increase oil prices they control supply
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and demand and they control oil prices
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for the first time because of Donald
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Trump they cannot control oil prices
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we’re taking over market share and we’re
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keeping oil prices low why it is to keep
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the money out of the wrong hands every
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single war that broke out in the Middle
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East was funded by oil and oil alone
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now I was reading an article today
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Goldman Sachs sees opportunity right now
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in the shell crisis shale oil here in
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the US we went from producing 6 million
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barrels a day to producing 15 million ok
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that’s it’s almost an extra 10 million
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barrels of oil a day because of shell
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alone problem with shale is the it’s
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very expensive because you need fracking
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technology in order extract it and then
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on top of that you need and on top of
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that the decline curve is much higher
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because if you’re going to manipulate
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oil to get it out of a shale that was
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never intended to extract oil it will
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return back to what the original
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porosity was over time so you frack the
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hell out of it and then you produce as
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much oil as you can but all of a sudden
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it drops down to those low numbers again
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so the decline curve is massive versus a
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conventional oil well that is
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sustainable it could produce like that
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for 20 30 years but shale it might
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produce for 2 or 3 years and then it
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goes back to what she originally
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intended which is nothing and so they
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could either spend another 5 million and
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go back and recompete the well or they
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just let it sit there and dribble out
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and so a lot of these shell companies I
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was reading here the mountain of debt
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looms just over horizon according the
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Wall Street Journal between july 2019 in
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the end of the year roughly nine billion
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in debt was set to mature however
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between 2020 and 2022 a whopping 137
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billion in shale debt matures the
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fracking industry does not have a viable
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business model according to analysis at
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the institute for energy economics and
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financial analysis and so what what
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they’re saying is they they don’t have a
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viable business model the viable the
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business model that they have in shale
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is in order to maintain the output it
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just keep drilling Shale wells well you
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can’t take the profits from producing
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Shale wells and put it into brand-new
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Shale wells because
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there’s not enough profitability
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for everyone well that you drill in
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order to maintain that peak number you
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have to have three or four wells I’ve
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been pumping for the last two years
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because the decline curve is massive so
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it becomes on line strong and then it
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declines uh there there there there’s no
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clear objective
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it’s just drill like crazy and hope we
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find a new technology or a new discovery
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to help us with this shale problem but
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they never intended
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on shell
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taking over they never intended for
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shale to replace conventional oil wells
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shale was just hey
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there’s no other place to really develop
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right now let’s give the shell game a
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whirl and then it exploded with no plans
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of it ever even considering replacing
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oil see so we’re in for a massive
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decline there there the hens have come
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home to roost are the Roosters whatever
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that saying is sorry I guess you know
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the the debt is escalating in the shell
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game and the longer oil prices are low
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the more shell companies are going to go
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out of business
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Goldman Sachs says the current down
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market represents a buying opportunity
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through August of this year more than
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190 shell companies have declared
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bankruptcy since 2015
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according to haynes and boone LLP so
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bottom line here guys
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oil prices have been low for a long time
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shell companies are going out of
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business developing shell wells is
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declining massively the decline curve
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the daily output of oil is declining
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quickly as well so our output is
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dropping tremendously and so right now
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it’s cheap to buy leases is cheaper to
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drill so you get in now
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and as the as as oil the decline curve
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increases as less wells are being
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drilled oil output is going to drop
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tremendously and of course when supply
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goes down and demand goes up what do you
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have and so oil prices are going to go
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up with that okay that’s number one
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okay shell is a flash in the pan that’s
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not gonna last and Goldman Sachs is
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saying it’s a buying opportunity that’s
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number one number two
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Saudi Arabia is gonna do whatever it
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takes to increase oil prices they’re
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sitting on one of the the largest pre
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IPOs in the world
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Saudi Aramco as a stock that is were and
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they just put a small percentage of
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their oil holdings onto the stock
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exchange and it could be worth upwards
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of two trillion dollars they are having
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a hell of a time raising money for that
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thing it should have been easy but the
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problem is oil prices are low there are
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countries unstable and oil it in in in
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there they’re they’re not even profiting
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right now so nobody in the right minds
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really gonna dump a bunch of money in
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this sink so Saudi Arabia is gonna do
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whatever it takes to increase oil prices
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whatever it takes
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they only know to manipulate oil prices
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they only know to manipulate they only
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know to manipulate supply demand and in
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the past they cut back on production but
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now when they cut back on production oil
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prices remain the same because we are
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filling those orders that they normally
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would be filling and so we’re we’re
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taking market share the u.s. is taken
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over we’re taking market share and
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there’s nothing they could do about it
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so the only option though the only other
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option is dropping bombs on key oil
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fields Russia Saudi Arabia OPEC Iran
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they all know this that’s why Iran keeps
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trying to draw us into a war
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if America made a deal with Saudi Arabia
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a deal that made our currency the most
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powerful currency in the world that’s
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called the petro dollar we made a deal
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with Saudi Arabia
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that if they would sell their oil in our
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currency we will protect their assets so
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we worked closely with Saudi Arabia to
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protect their oil wells
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and they sold our oil in US currency in
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that currency every time Russia Saudi
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Arabia every China India would buy a
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barrel of oil they had to do it in US
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currency making our currency the most
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powerful currents in the world we have
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central banking systems in every country
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except for North Korea and Cuba
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ninety-five percent of the transactions
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are done in our currency so that made
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our currency the most powerful currency
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in the world now now we don’t need Saudi
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Arabia more because our currency is
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already powerful nobody’s going to use
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any other currency to replace us I mean
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at least for now and we produce more oil
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than Saudi Arabia we produce more oil
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than Russia we don’t need them anymore
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these guys are falling apart their
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economy was based upon SOT upon the
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relationship with America now we cut
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them off now we are still allies but we
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haven’t even sent in military aid to go
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out against Iran they were expecting it
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didn’t happen and so Russia is sitting
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there like hmm
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America is pulling out and they’re not
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even really doing anything iran’s
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thinking in bullshit the bushes would
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have sent tanks in by now so here’s my
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point
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if there are some dirty politicians in
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America that did a deal with Saudi
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Arabia in
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wrote things in the law to protect that
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relationship making Saudi Arabia one of
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the richest countries in the world
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funding terrorism
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hi how much more would Iran not make a
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deal with somebody like Saudi Arabia
0:11:22.010,0:11:31.750
Russia somebody to try to draw America
0:11:26.750,0:11:35.839
into a war to make Saudi Arabia Russia
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Kuwait Iran every country in the Middle
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East richer because all they do is make
0:11:37.970,0:11:46.220
money from oil 8% of our GDP is oil 90%
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of their GDP is oil you guys not see the
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big picture here
0:11:47.329,0:11:51.610
oil is king – these guys
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without it
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they’re going to start
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America’s starving the very thing that
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funds all of the terror in the Middle
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East
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everything you take oil away from Russia
0:12:09.580,0:12:14.649
where they have 40% of our GDP I mean
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they’re already already faltering as it
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is you take away Saudi Arabia’s oil 90%
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of their GDP is gone
0:12:19.510,0:12:25.029
if we keep oil prices as low as they are
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they’re not profiting right now but if
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we keeping them as low as they are right
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now Russia Saudi Arabia Iran Kuwait all
0:12:34.060,0:12:41.830
of those countries overseas are gonna
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fall in so my point is is that something
0:12:41.830,0:12:44.410
is gonna happen Russia’s not gonna allow
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it
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Saudi Arabia’s and not going to allow
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this Iran is not gonna allow this
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they’re gonna do something hastily
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because it’s either oh hey let’s let our
0:12:54.550,0:12:59.580
country fall or
0:12:58.260,0:13:03.640
we could do something about it and
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they’ve always manipulated oil prices
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they have always done something to
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viciously increase oil prices so shale
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is is falling apart
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which is gonna cause a higher demand
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less oil higher demand and so
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and in in in saudi-arabia stock a lot of
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their country to go into default and
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lose everything
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so I don’t know what’s gonna happen in
0:13:33.760,0:13:37.959
the short-term but I’m telling you right
0:13:35.649,0:13:40.180
now now is the time to get involved with
0:13:37.959,0:13:43.690
oil oil prices are low Lesa Lesa
0:13:40.180,0:13:46.089
acquisitions are low drilling right now
0:13:43.690,0:13:49.750
is the activity is dropping tremendously
0:13:46.089,0:13:51.699
and so it’s causing people to be more
0:13:49.750,0:13:53.320
willing to work with you and drill at
0:13:51.699,0:13:55.029
cheaper rates so everything is much
0:13:53.320,0:13:57.399
cheaper right now good time to get
0:13:55.029,0:13:59.260
involved in oil and gas and on top of
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that we know oil prices are gonna go up
0:13:59.260,0:14:04.630
and if you don’t believe the demand for
0:14:03.250,0:14:07.180
oil is going to increase and then you’re
0:14:04.630,0:14:10.449
believing the left side if you’re a
0:14:07.180,0:14:12.519
liberal and or you’re a Democrat I’ve no
0:14:10.449,0:14:13.839
offense but a lot of the things that
0:14:12.519,0:14:17.430
you’re hearing in the news and I think
0:14:13.839,0:14:20.649
most Democrats would agree most of it is
0:14:17.430,0:14:24.100
garbage and in it’s it’s not even
0:14:20.649,0:14:26.440
remotely true people are saying the
0:14:24.100,0:14:27.699
economy is falling apart our economy is
0:14:26.440,0:14:30.190
as strong as it’s ever been
0:14:27.699,0:14:32.620
our workforce is strong it’s ever been
0:14:30.190,0:14:34.269
and so CNN could get on there and say
0:14:32.620,0:14:39.959
certain things but it’s not even true
0:14:34.269,0:14:39.959
I’ve been following oil since
0:14:40.920,0:14:48.190
over the last 25 years since 94 and one
0:14:46.330,0:14:51.010
thing I’ve learned about the news is
0:14:48.190,0:14:53.620
that they don’t know what they’re
0:14:51.010,0:14:56.350
talking about you really need to follow
0:14:53.620,0:14:57.790
the experts there there’s there’s some
0:14:56.350,0:14:59.020
really intelligent guys out there that
0:14:57.790,0:15:03.280
really know what they’re talking about
0:14:59.020,0:15:05.350
but at the end of the day oil is the
0:15:03.280,0:15:09.040
most important commodity in the world
0:15:05.350,0:15:11.290
it’s what fuels all of our vehicles it’s
0:15:09.040,0:15:15.670
what gives energy to our homes
0:15:11.290,0:15:17.200
it’s what fuels wars without it we would
0:15:15.670,0:15:22.890
be dead in the water there are so many
0:15:17.200,0:15:26.260
byproducts to oil our airplanes plastics
0:15:22.890,0:15:29.650
there are so many applications to oil
0:15:26.260,0:15:33.040
that you have no idea cars are one part
0:15:29.650,0:15:37.210
of that whole application the byproduct
0:15:33.040,0:15:40.150
of oil you you it’s gonna take 30 40
0:15:37.210,0:15:42.090
years to replace oil and are they going
0:15:40.150,0:15:46.460
to replace it
0:15:42.090,0:15:50.310
I don’t know but oil is a non-renewable
0:15:46.460,0:15:50.880
substance there’s there’s whatever is in
0:15:50.310,0:15:53.510
the ground
0:15:50.880,0:15:57.810
there’s we’re not gonna create any more
0:15:53.510,0:16:00.540
okay so alright guys happy Friday
0:15:57.810,0:16:02.610
and if you ever have any questions feel
0:16:00.540,0:16:04.860
free to call me office number is three
0:16:02.610,0:16:07.140
oh seven six two two one six four five
0:16:04.860,0:16:11.750
once again that’s three zero seven six
0:16:07.140,0:16:11.750
two two one oil thanks
