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This Economic Crash Just Got Worse… Oil Company Bankruptcies and a Global Recession





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We just saw our first oil company bankruptcy because Whiting Petroleum declared bankruptcy. Now countries in Africa are on the verge of collapse and businesses we once thought were recession proof aren’t pandemic proof
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This Economic Crash Just Got Worse… Oil Company Bankruptcies and a Global Recession
0:23 – The first public oil company just went bankrupt as a result of the oil crisis
1:12 – What caused the 2020 economic crisis
1:35 – The oil price war created a perfect storm to hurt our economy more
1:45 – The oil price war recap between Saudi Arabia and Russia
3:40 – How this oil price war is affecting consumers and American companies
4:40 – Whiting Petroleum went bankruptcy because they couldn’t stay alive during this oil crisis and who this bankruptcy affects
5:40 – What you know if you are investing in energy companies
5:58 – The global economy is shaking
6:40 – Countries in Africa are on the verge of collapse
7:40 – Why a global recession affects the American economy
8:43 – Businesses that we thought were recession proof aren’t pandemic proof
9:25 – The Payroll Protection Program to help small business has failed small businesses
11:38 – How to capitalize on this economic crisis

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Video host: Jaspreet Singh

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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

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43 comments

  1. Thank you for watching! If you enjoyed this video, you should watch – What Happens If You Print TOO Much Money: https://youtu.be/eJzOQx68cOc

    Reply
  2. hey are you on fb?

    Reply
  3. What does this mean for the largest US industry? The military industrial complex.

    Reply
  4. Can you talk about investing in gold and silver or any other tangible metals. Thanks!

    Reply
  5. who needs toilet paper you can still wipe your ass even if you dont have any paper for it . Use water and a rag wash it after your done end of story .

    Reply
  6. Watched for the first time tonight. You're awesome!
    Thanks for the information and the entertainment.
    Please keep it up 🙏

    Reply
  7. Wow. The first Muslim in my life that I like and find credible. Plus can understand due to no accent.

    Reply
  8. Lose the headdress and beard if you going to speak English

    Reply
  9. Hey guys my names Delie I texted (786) 505-0724
    He helped me out to earn money

    Reply
  10. I'm waiting for my 10k still 😒

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  11. Oil is oil, lower price it's a problem. high price it's still a problem…ahhh

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  12. Thank you mam man!!! From a Kwakwakawakw viewer. CHEERS BRO!

    Reply
  13. Thank you 🙏🏼

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  14. glad I found you. You rock! Thank you!

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  15. For businesses that could not wait and had to let employees go, are they now out of luck with qualifying for PPP? It seems to me the original PPP announcement was meant to manipulate the stock market more than to save businesses.

    Reply
  16. I wonder if China or the USA will takeover the Bahamas

    ??????

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  17. So handsome 😍

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  18. Give more and take less is the only mantra you need to survive, empathy patience are going to be tested in these difficult times

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  19. thank you

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  20. Am new here , impressed, joined!

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  21. Why would Russa refrain from producing oil to protect US companies

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  22. What an educated guess. Very nice.

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  23. Investing has risks unless your a big bank or a well heeled corporation with political ties to be bailed out or get favorable terms when rules are created. All with money created out of thin air at someone else's expense. And when the dust settles they can just go back to business as usual know full well they will be saved when the time comes by their friends in D.C., Wall Street and the Fed.

    Reply
  24. Russia and Saudi Arabia, like 2 kindergartners.

    Oh YEAH? Well we'll increase supply too! So there!

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  25. Pay attention fellow Americans, this is geopolitical gaming at a high level. Do you think Russian didn't plan this with the spread of COVID19? They took the opportunity to punch the American oil industry. A lot of industries are at threat and this is just one more way to hurt the Americans. Russia has less than 300 billion in debt and has been buying gold for a long time now. There needs to be changes in the American, congress, media, banking, corporations and way of thinking.

    Reply
  26. Oil companies should save 6 months expenses and stop eating avocado toast

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  27. Now is the time to buy buy buy!!!!!

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  28. STOP THE POPPING SOUND
    ITS REALLY ANNOYING
    THUMBS DOWN

    Reply
  29. How do you check if a company has savings enough to avoid a recession?

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  30. u r so smart and gorgeous 😈🇧🇷

    Reply
  31. Business = Robbery
    You have somethings that are?worth pennies and sell for 5k % mark ups? Yet people are dumb enough to pay.

    Reply
  32. When all is said and done , this will pass in due course. In the mean time , stay safe and stay healthy so you can live and talk about it all. Thanks for the continued education Mr. "Random Guy". Much appreciated!

    Reply
  33. I’m cheering for the virus. Crush the entire civilized world. Chaos

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  34. Sarpreet Singh ?? 😂😂😂

    Reply
  35. See they needed your money to survive. You don't need their oil to survive

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  36. Seems like this is a plow to weaken the US?

    Reply
  37. "BELOW"

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  38. U forgot a large domino that's about to fall. Housing crisis. What happens to the millions of newly unemployed when they can't pay the rent? What about the landlords? 🙁

    Reply
  39. BELOW 👍🔥

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  40. Is there not a point where it is no longer viable to keep pumping money into the economy, and let if 'fix itself' for lack of a better word….?

    Reply
  41. This is the funniest shit I ever heard

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  42. And just like that, preppers are vindicated. Not gonna lie, kinda wishing I had that bunker from 10 cloverfield lane minus John Goodman's character.

    Reply
  43. Can ANYONE give me their HONEST thoughts on Tesla shares? . I really want to buy one. But if they're energy conserving corp. How will the drop in oil prices effect them??

    Reply

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