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    Steve Ballmer Explains The Cost of Oil



    Steve Ballmer Explains The Cost of Oil

    Why do geopolitical tensions with Iran have such a large impact on how much everyday Americans pay for gas at the pump? And why are we seeing oil prices rise when the US is such a large producer of oil? Oil is a global market, so if supply is threatened anywhere, prices can rise everywhere— including at your local gas station.

    On the new episode of Just the Facts, Steve Ballmer explains what we’re really talking about when we talk about “oil prices,” how oil prices are set, and why tensions in the Strait of Hormuz are impacting gas prices here at home.
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    20 Comments

    3. @m00ndog3 on

      This is a good solid explanation of the oil market. 👍👍 NOW, if we could just figure out HOW it is CURRENTLY not happening. Oil inventories have and are going down, yet so is the price, making shortages a likely problem in the future.

    5. @kencouch3328 on

      When i was a practicing CPA i audited oil companies. One always said tbe cost of to middle eastern countries was close to nothing. True also in west Texas. Hole in the ground and a drill and the money rolls in. But as Steve said, not all oil is the same. Oil frm Canada is dirty and can't be refined there. So they export oil and import gas. Crazy,

    8. @jimk8520 on

      This info doesn’t actually help anything at all, Steve. Why don’t you explain how none of the costs of living will ever affect you personally ever again.

    9. @exlr8in on

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      2. Vote No: On Save Act (Woman & Student not allowed to vote)
      3. Abolish DHS <— Do Not Cave In, Shutdown Gov!
      1. It allows FIMA to be its own entity
      4. Enforce and add new rulespolicies"laws" to support CFBP
      5. Don't allow law suits from trump against Jack Smith or IRS or any federal agency
      6. Release 100% of Epstein files "UN-Redacted", except victims (kids)
      7. Stop this tariff BS
      8. Exterminate "CORRUPTION" in Government, Private and Public
      9. Retract: Genius Act
      1. Vote No: On Clarity Act (passed house on 05.xx.2026)
      2. Vote No: On Anti-CBDC Surveillance State Act
      10. Vote No: On funding the war with Iran ($50 Billion)
      11. Extent covid subsidies for Healthcare Act
      12. Vote Yes: On The Working Americans’ Tax Cut Act
      13. Vote Yes: On The Equal Tax Act
      14. Vote Yes: On Social Security Expansion Act
      15. Vote No: On FISA 702 Reauthorization
      16. Help-Me-By-Copy-Paste in your different YouTube or Like
      17. Stop whining, Encourage people to vote BLUE

    11. @fluxcapacitor1621 on

      Oil independence is a fairytale because Republicans made it an impossibility. Exporting US crude oil was banned from 1975 through 2015. Republicans controlled both houses and wouldn't pass the 2016 omnibus spending bill without lifting the oil export ban. Americans are paying more so that other countries can pay less.

    12. @mikemusi3566 on

      Educational, relevant, entertaining. It's not easy simplifying complex topics like this. Thank you for these free resources that inform us all!

    15. @DarkRendition on

      I'm sure there are lots of negative comments but this is stuff everyone should know. Trust and verify. Learn to challenge what you hear. This channel is a great way to develop critical thinking skills and understand what you hear in the news and the context behind it. But I'm sure there are going to be cynical people saying this or that but whatever. Don't use your prejudice for the narrator or the company he worked for dissuade you from learning the facts. OR you can live in your own little bubble and not bother to explore.

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