Oil, gas and mining

Reaction to Blockage in Suez Canal



The PBD Podcast Episode 48. In this clip, Patrick Bet-David, Tom Ellsworth and Matt Sapaula talk about the blocking in the Suez Canal.

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34 Comments

  1. That Young fellow is super resourceful. He should be on the show more often.
    I like his guts too. He knows when to talk, even though he technically isn't asked to (and he does have something to say when he does), and also when not to, unlike Adam.

  2. Sandstorms happen frequently in that zone. Captains receive emergency training for high wind navigation. A lack of visual navigation isn't a valid excuse in an industry 'saturated' with onboard satellite and positional navigation technology. In a world economically closed down (covid), only the most senior skippers with the MOST experience are currently sailing. Despite all that, vessels travelling within canals are highly monitored. In short, I don't believe for a second that this wasn't intentional. After THIRTY years of working on everything from frigates, submarines, tankers, Battleships, Carriers, cruise and cargo vessels I've seen it all. Sea Captains see a VAST amount of training to maintain their 1-3 Million annual salaries. This particular event smacks of 'Hey bud, can you plug the Suez? Yeah, the princes wants oil prices to go up and to shake the world down for payola." Have you guys any idea how much those vessels weight after their loaded? Even then, the Suez is placid. Yeah, it doesn't see waves. So all the excuses I'm encountering for this are highly ridiculous. One may as well be saying the ship was hijacked by Martians.

  3. The canal was updated like 5 years ago. It was updated specifically to accommodate larger ships. Not to say that this update was satisfactory; but to say that it hasn’t been updated in forever is incorrect.

  4. Engineered to cripple europe's markets even more. Call me a conspiracy theorist until it eventually turns out to be true

    EDIT: the explosion of a major raffinery in Indonesia just proved my point. One more piece of the puzzle…

  5. Asia and Europe better look to the Arctic route for their trade. Faster, Cheaper, and Safer since its a huge fvcking OCEAN and Not some one way creek.

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