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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