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
Minority Mindset April 12, 2020 8:09 am
Thank you for watching! If you enjoyed this video, you should watch – What Happens If You Print TOO Much Money: https://youtu.be/eJzOQx68cOc
Tanushree Hingorani April 12, 2020 8:09 am
hey are you on fb?
Alex A April 12, 2020 8:09 am
What does this mean for the largest US industry? The military industrial complex.
Gene is Xincuenta April 12, 2020 8:09 am
Can you talk about investing in gold and silver or any other tangible metals. Thanks!
David Tillwach April 12, 2020 8:09 am
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 .
D Snyder April 12, 2020 8:09 am
Watched for the first time tonight. You're awesome!
Thanks for the information and the entertainment.
Please keep it up 🙏
Halo N April 12, 2020 8:09 am
Wow. The first Muslim in my life that I like and find credible. Plus can understand due to no accent.
Joe speick April 12, 2020 8:09 am
Lose the headdress and beard if you going to speak English
Daean Zew April 12, 2020 8:09 am
Hey guys my names Delie I texted (786) 505-0724
He helped me out to earn money
Jonathan April 12, 2020 8:09 am
I'm waiting for my 10k still 😒
Nori Kawakami April 12, 2020 8:09 am
Oil is oil, lower price it's a problem. high price it's still a problem…ahhh
Dan QuarterMan April 12, 2020 8:09 am
Thank you mam man!!! From a Kwakwakawakw viewer. CHEERS BRO!
Angel Monreal April 12, 2020 8:09 am
Thank you 🙏🏼
Kenneth Colom April 12, 2020 8:09 am
glad I found you. You rock! Thank you!
Q V April 12, 2020 8:09 am
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.
Pisces Traits- Rule 373 April 12, 2020 8:09 am
I wonder if China or the USA will takeover the Bahamas
??????
Kimberley April 12, 2020 8:09 am
So handsome 😍
Aaditya Padhye April 12, 2020 8:09 am
Give more and take less is the only mantra you need to survive, empathy patience are going to be tested in these difficult times
D S April 12, 2020 8:09 am
thank you
Onkar Singh April 12, 2020 8:09 am
Am new here , impressed, joined!
Yulong Wu April 12, 2020 8:09 am
Why would Russa refrain from producing oil to protect US companies
aguil829 April 12, 2020 8:09 am
What an educated guess. Very nice.
Cheezer April 12, 2020 8:09 am
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.
Cryptocoin Kiwi April 12, 2020 8:09 am
Russia and Saudi Arabia, like 2 kindergartners.
Oh YEAH? Well we'll increase supply too! So there!
bluedollars April 12, 2020 8:09 am
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.
Vineet Saini April 12, 2020 8:09 am
Oil companies should save 6 months expenses and stop eating avocado toast
Jack Obrein April 12, 2020 8:09 am
Now is the time to buy buy buy!!!!!
Geo R April 12, 2020 8:09 am
STOP THE POPPING SOUND
ITS REALLY ANNOYING
THUMBS DOWN
D A April 12, 2020 8:09 am
How do you check if a company has savings enough to avoid a recession?
Mari Ruana April 12, 2020 8:09 am
u r so smart and gorgeous 😈🇧🇷
Manny Vill April 12, 2020 8:09 am
Business = Robbery
You have somethings that are?worth pennies and sell for 5k % mark ups? Yet people are dumb enough to pay.
aSlimtube April 12, 2020 8:09 am
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!
Hootyhoo 2018 April 12, 2020 8:09 am
I’m cheering for the virus. Crush the entire civilized world. Chaos
Aru Sub April 12, 2020 8:09 am
Sarpreet Singh ?? 😂😂😂
PhilosophicallyInclined April 12, 2020 8:09 am
See they needed your money to survive. You don't need their oil to survive
Rakeem WIlliams April 12, 2020 8:09 am
Seems like this is a plow to weaken the US?
Kevin M April 12, 2020 8:09 am
"BELOW"
Sandy Barnes April 12, 2020 8:09 am
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? 🙁
Edgar L April 12, 2020 8:09 am
BELOW 👍🔥
FRDM April 12, 2020 8:09 am
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….?
Killersentra April 12, 2020 8:09 am
This is the funniest shit I ever heard
Charlie-Tango Motors April 12, 2020 8:09 am
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.
Ezzy Jefferson April 12, 2020 8:09 am
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??