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Home > Energy Week > Episode 76 - Plastic and big oil | Chinese trading with Iran | Rockefeller Center | Gene Epstein (Soho Forum)
Podcast: Energy Week
Episode:

Episode 76 - Plastic and big oil | Chinese trading with Iran | Rockefeller Center | Gene Epstein (Soho Forum)
Category: Government & Organizations
Duration: 00:52:56
Publish Date: 2019-07-30 08:41:21
Description: https://www.wsj.com/articles/big-oil-flashes-the-plastic-11564328146 Is fossil fuel demand growth REALLY waning? But are plastics really the place where returns will come from? SABIC showed poor returns last quarter but is that transient and plastics are really where its at? Plastic is everywhere, even if use of disposable plastic decrease. For laughs, buy your TRUMP straw here: https://shop.donaldjtrump.com/products/trump-straws/?utm_medium=ad&utm_source=dp_googlesearch&utm_campaign=20190718_na_store_djt_tmagacmerch_ocpmypur_bh_audience0001_na_copy00162_us_b_18-99_gsn_all_na_lp0032_shop_conversion_search_na_na_na&utm_content=sto&gclid=Cj0KCQjwsvrpBRCsARIsAKBR_0IGw_3zz2Yiu3YGQNbAt341lWMPzNHxqdBk5oxykk1TNp0kXwC5EGMaAjVQEALw_wcB) https://www.reuters.com/article/us-china-economy-trade-crude/chinas-iran-oil-imports-plunge-as-us-sanctions-bite-idUSKCN1UM0CB Iranian shipments to China are down in May and June but up in July Will President Trump use the Iranian oil issue as leverage in discussions with China over trade? https://www.nytimes.com/2019/07/25/opinion/climate-change-fossil-fuels.html Why Are We Still Looking for Oil and Gas? What recourse could government really have in this? Leasing on Federal Lands, EPA staffing, etc. Can they stop it entirely? No, but could make it very frustrating. Discussion with Gene Epstein Director at SoHo Forum - debate coming up on August 12 on Bitcoin! Where is the economy heading right now? When will recession occur? How bad will be it be? Perma-bears say recession that is to come will be worse than 2008 recession Maybe will be mild recession similar to 2001 and 1991? Less severe bubbles now (housing and stock market) Distortion of interest rate - it’s too low but maybe not that low. Global recession? Certain sectors could continue to do ok while others do not. Where the decline in jobs occurs is key. If the United States sneezes, the rest of the world catches cold. Difficult to imagine that a recession in the U.S. won’t impact the rest of the world. Trump and China - not the main event www.TheSoHoForum.org Check out their debate on bitcoin and crypto-currency Could it be the wave of the future?
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