Boomtown Follow-up: The One-Two Punch | Chapter 12

Boomtown

Imperative Entertainment and Texas Monthly

Documentary, News, Society & Culture

4.7 • 3.4K Ratings

🗓️ 30 April 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Christian Wallace talks to some familiar faces from the Boomtown series in an attempt to understand what happened on April 20, 2020—when oil prices went negative for the first time in history. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:26.6	Not investment advice, crypto trading involves risk of loss.
0:30.0	Hey Christian how's it going ma'am?
0:32.9	Oh man, what a day, what a day.
0:53.7	Breaking news on the financial markets right now?
0:56.5	Stocks around the globe have tanked due to concerns
0:59.8	over the coronavirus.
1:01.3	The Dow falling a record 2000 points.
1:03.7	A conflict among major oil producing nations
1:06.3	has sparked a crashing oil crisis.
1:08.5	They collapse 31.5% at the start of trading.
1:11.1	This plunge is remarkable folks.
1:12.6	It was on reports that Saudi Arabia slashing prices
1:15.6	and increasing supply this after talks with Russia collapse.
1:19.1	The world's top oil producers agreeing to cut nearly 10 million barrels a day
	...

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