“Prices Will Go Up” – Oil Prices To SKYROCKET Because of Houthi Attacks in Red Sea

Patrick Bet-David, Adam Sosnick, Tom Ellsworth, and Vincent Oshana discuss the crisis taking place in the Read Sea.

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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Red Sea risk to oil very real prices could change rapidly if Supply disrupted Chevron CEO says let me read this and then time I’m coming to you so here we go the crisis in the Red Sea POS a serious risk to oil floats and prices could change quickly if tensions

Lead to a major Supply disruption in the Middle East Chevron Co Michael worth told CNBC on Tuesday it’s a very serious situation and seems to be getting worse worth said in an interview to at the world economic for and Davos the Chevron said he was surprised that

The US crude oil was trading below $73 a barrel because the risk was very real so much of the world’s oil flows through the region that were uh uh that were to be cut off I think you could see things change very rapidly and he continues the

We really have to watch this very very carefully Tom what does this really mean to the average person okay the CEO of Chevron is saying that if the supply goes down and we’re all still demanding you know we still have demand for consumers and countries to you know to

Have oil for energy and all the things that that it creates Aviation gas disel fuel you know gasoline for your car the whole thing what he’s saying is that if Supply is disrupted prices are going to go up but there’s something most Americans don’t know and Rob let pull a

Couple charts are really really quick first of all you have the US fax chart I sent you a link us fax uh um and then go down the to the little chart down there no no no us fax I said there was three links in the email one of them was just

Called from usfx uh there we go go down the bottom the United States became energy independent in 2020 in other words we produced more crude oil than we used in 2020 and there’s been no turning back no turning back whatsoever and so what he’s talking about is the supply and demand

He’s saying I’m surprised us rude is below 73 a barrel because if the supply goes down because of you know the Red Sea and the houthis and you can’t get shipping around he would expect the price would go up because there’s less oil going around it’s more valuable and

So that’s the point he’s making and here in the United States the uh oil company’s pre price gasoline so if they think that the World Market is going up for the oil they charge us that price for barrel of oil they don’t charge us like a home team discount for the oil so

People think that oh gas goes up in the United States cuz we can’t get oil from the Middle East it’ll be terrible won’t be able to drive our car that’s wrong last year the the total oil wells in America that were pumping they shut off 35% of them because they were trying to

Move the price back up to the above 55 because they needed to be above 55 to make it economical for oil here but check that out there it is and then two other real quick is you you’ll you’ll love this so we produce more than we use

So we’re we’ve been a net exporter and on the Spock Market our actually biggest trading partner is Canada and so people don’t seem to understand what they’re talking about so and you get back to it and when they pre-ra prices that’s when States like California had hearings on

This you’re gouging you think the price of oil is going to go up so you raise it and they go yeah sure we did right you know Exxon made uh go back 2022 Exxon was 56 billion in profit Chevron was 35 billion in profit and we ready to burn

Them at the stake and execute them because they pre-priced where the oil was going to go well meanwhile Amazon made 225 billion in profit and we didn’t talk about that about driving small you know community stores retailers out of business we didn’t seem worried about

That but we tend to run to this it’s a simple supply and demand thing the price of oil goes up the price of oil goes down and guess what it affects us here too so what Americans should worry about on an international stage is when oil is

Disrupted in the Middle East guess what US companies can sell the oil we pump at a higher price to other people out there than we would sell it to ourselves and that’s why our gas goes up but if World War III breaks out we have got plenty of

Oil here in the United States drill baby drill so from a macro socioeconomic standpoint let me tell you why this is important now because listen when’s the first time you were heard the word houthi Rebels how long ago I mean a couple years ago not too long ago okay

Most people 90% of people haven’t nobody’s heard of these people yeah okay like they they think it’s houie and the Blowfish if you think about it sometimes or they heard the word Somali pirate now they know who it is exctly well I mean that Somalia is a totally different

Country than Yemen the houthis are in Yemen but here’s the point yeah the houthis aim to govern Yemen and support external forces against the United States Israel and Saudi Arabia so what’s my point is there there’s been a Civil War in Yemen pay attention to the jihadists over here pay attention to the

Gaza Brigade there’s been a Civil War in Yemen since 2014 nobody talks about this they don’t Saudi Arabia and Iran are having a proxy war for the last decade millions of people in this country of Yemen have died you don’t hear about this where’s the Gaza Brigade here talking about the innocent Arabs

That are dying and they should and it’s horrible but the reality is once they start when Israel gets involved and all of a sudden these um these Regional conflicts pop up and Iran starts basically funding the houthis and Hamas and Hezbollah terrorist organiz organizations Iran is basically the greatest destabilizing force in the

Middle East possibly in the world other than China all of a sudden America’s going to take notice because you know what America don’t play with and you know what the EU don’t play with you know what the UK their money this right here what country did we learn what what

The Horn of Africa the one city that China has a base jibou jaib boti and it’s fun to say you know I like that I want to get to you but the reality is is this Red Sea the shipping area is one of the most

Busy ports L uh seas in the world and the houie rebels are messing with people’s money big time and when you start messing with people’s money you start messing with trade routes all of a sudden we don’t play that game right there so that what they’re doing the

Houthis to bring up Tom’s point they make the Somali pirates of I am the captain now Tom Hanks they make them look like the JV Squad to Echo what Obama said Obama Osama B Obama B Obama about Isis right there but these houthi Rebels again funded by Iran funding by

The mafia like regime that’s going on in Iran are looking to seow chaos and in the world of 2024 we know that the the word this year is chaos US represents order and a world of chaos in the Red Sea meanwhile Bernie Sanders says to

Force vote to freeze a to Israel and US puts houes back on the terrorist list this is a story from Wall Street Journal the Biden Administration plans to put houti Rebel group on one of its list of terrorist organization days after the US launch strikes on its facilities in

Yemen in retaliation for months of attacks on Commercial vessels in the Red Sea about time we’re doing this the designation bars people or companies in the US from offering just about any kind of support to the group and prohibits its members from entering the US it also requires us financial

Institutions to freeze any funds they hold belonging to the group or under its control and us obviously recently carried out additional strikes against htis in Yemen while this is taking place Adam thoughts on this story yeah well it just proves uh more and more and more that Bernie Sanders is a loser everybody

Knows it so it’s becoming clear and clear that the guy has never built anything in his life and we talked about Bernie Sanders here all the socialists want to do the Democratic socialists is tear down they’ve never built anything what has Bernie Sanders ever done he’s a career professional loser professional

Politician he’s done nothing and he’s basically spoiled milk at this point so he’s out there whatever his stance are I think we’ve realized there’s no math there’s no numbers behind any of his opinions you know he used to basically uh Stomp and raid and talk trash about millionaires then he became a

Millionaire then it then it moved to billionaires right how many times did he say millionaire millionaire the Millionaires and the millionaires now it’s the Millionaires and the billionaires now it’s the billionaires you’re talking about somebody so and this whole concept of intersectionality right of anyone who’s oppressed has to identify with people

Who oppress around the world Constantine kiss the second time I’ve mentioned his name he’s trigonometry he went in UK and he went to the people who are Marching for Gaza okay and and what’s going on there is horrible and nobody wants to see innocent civilian lives period

Whether it’s on the Israeli side whether it’s on the gazin side whether it’s what’s going on in Iran and uh Pakistan these days if you see that that’s little whether it’s going on in Yemen nobody wants to see innocent civilians but in war unfortunately this is sort of the

Damage the collateral damage that happens right there and he started interviewing all these people that are holding signs and he goes what’s what’s this sign right here oh it’s a we’re calling for the Socialist in tiata and he starts asking these people white people in London who were marching and

And he’s like what is a socialist intifa they’re like honestly dude I got no no clue what’s going on sign I got no clue mate they just gave me a sign I’m out here I don’t want to see dead people and what we realized is kind of like how

Jamie D was saying ask questions like why why why what’s going on here what he did and shout out to you Constantine I sent you a text he went he’s like well why do you what’s going on here what does it mean from the river to the Sea

What does this mean what does that mean they’re like oh mate I got no idea like I got no clue what’s going on so are they holding the sign exactly so they’re just there’s just they what do they call just like usel useful idiots out there

Marching in the real world and you have some a useful idiot real life useful idiot Like Bernie Sanders um who makes some noise he’s inspired the squad and the aoc’s and the ilhan Omars and the Presley of the world and Rashida Talib and that’s their weird cult leader but

This is someone who has built nothing in his life and only wants to tear something down and never ever ever trust anybody that Combs his hair with a balloon have you seen his hair Tom Bernie say look I want to talk take a balloon I hate he’s he’s he’s a

Professional loser period end the story you know it’s funny when you look at things now AIP doesn’t move when he talks it’s funny he should have been the one running against Trump two populists at that guy with different messages obviously Hillary you know did what she needed to do but it’s become

Increasingly clear and clear especially since being a part of value tainment capitalism is the way capitalism is how you basically lift people out of poverty and this guy’s pedaling socialism Dem rotic socialism but at the end of the day it’s all nonsense and like Tom’s analogy about splitting the orange you

Only have one orange and if you chop it up in half you’re going to get some you’re not going to get some you got to create more was going somewhere else when he brought up the orange I thought he was talking about like you know additional source of income for for

Vinnie and I thought Vin C I don’t know what you slightly offensive but I didn’t know what he was I really want to get your opinion on this because you’ve actually I know you’re no fan of Bernie Sanders but you’ve given him credit because he is a True Believer oh listen

I you know why uh AOC you know Perfect story with AOC AOC is unbelievable at what she does driver salesperson of if if you have AOC on your side whatever the ideas she supports she’s going to be the loudest person selling those ideas you don’t have to agree with the ideas you wish

You had an AOC on your side AOC is the kind of person you want same with Bernie you know you know again don’t agree with the ideas don’t agree with his approach don’t agree with 90% of the stuff that he talked every once in a while he does

Say some stuff where you’re like okay okay this kind of does make sense but you know what the guy’s been he’s such a True Believer and a believer of you know communism or socialism the guy went on his honeymoon to freaking Russia crazy not not during the current Russia we’re talking like

USSR reu realize like what do you want to can you imagine somebody right now says where do you want to go for uh your honeymoon the guy says dude for sure we’re going to we’re going to Gaza because uh that’s where we’re going for honeymon we’re going to go to Iran for

Honeymon we’re going to go hang out in Syria with Bashar Al Assad enjoy all the laps of luxuries that going they’re True Believer so this guy’s a True Believer I just don’t uh think he’s got way too many contradictions in his arguments so if you like this clip and you want to

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