Wealth #18: How Oil Predicts the Economy and How the Industry Works w/ Morgan Downey скачать в хорошем качестве

Wealth #18: How Oil Predicts the Economy and How the Industry Works w/ Morgan Downey

NOTE: The interview was recorded in January 2024. Morgan Downey is the bestselling author of Oil 101 and a widely respected figure in global oil and gas markets. Over the past 30 years, he has built a distinguished career in commodities finance and trading, developing and leading successful businesses across the United States, Australia, Asia, and Europe. Through his work and deep market knowledge, Morgan has earned a reputation as one of the most insightful commentators on oil, gas, and financial markets. Get OIL 101 book: https://www.amazon.com/Oil-101-Morgan... TIMESTAMPS 00:12 Oil 101 00:35 Why you should watch oil, not the Fed 05:40 Strategic Reserve and the 2023 soft landing 07:11 What is the “normalized” price of oil? 10:05 Oil as a major driver of conflicts throughout history 11:36 Why oil sanctions didn’t work 20:30 API and oil refineries 29:30 Negative oil prices in 2020 and the rise of fracking 45:52 The birth of the oil industry 48:08 Mom-and-pop E&P companies 54:10 Teapot oil refineries 57:00 Upstream, midstream, and downstream companies 01:05:50 Why vertical integration often fails 01:10:12 Saudi Aramco as the gold-standard operator 01:21:35 Global concerns about oil reserve depletion 01:29:27 Oil consumption trends and alternatives 01:38:50 What Morgan is doing now