BREAKDOWN: A Primer on How Oil Has Reflected Macro and Geopolitics
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 August 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
From negative prices in 2020 to a major driver of inflation of 2022, oil is a key geopolitical and economic player.
This episode is sponsored by Nexo.io, Chainalysis, FTX US and NEAR.
On today’s episode, NLW provides a primer on the recent history of oil markets. He looks at how oil went from trading in negative territory in April 2020 to being a massive contributor to 2022’s inflation. Finally, he explores how oil reflects political realignments that will shape the world in the years to come.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas
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“The Breakdown” is written, produced by and features Nathaniel Whittemore, aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: sesame/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.8 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk. |
| 0:22.9 | What's going on, guys? It is Friday, August 12th, and today we are talking about oil. |
| 0:29.1 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, |
| 0:33.0 | give it a rating, give it a review, or if you want to dig deeper into the conversation, |
| 0:37.1 | come join us on |
| 0:37.8 | the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:43.2 | Also, a disclosure as always. In addition to them being a sponsor of the show, I also work with |
| 0:47.7 | FtX. Lastly, this week, I am thrilled to welcome NIR as an additional sponsor. |
| 0:53.1 | NIR is a revolutionary yet simple Web3 platform for building decentralized apps. |
| 0:57.7 | Designed by developers for developers, over 700 projects are now building on NIR's fast, |
| 1:02.1 | secure, and scalable protocol. |
| 1:04.2 | Whether you're a crypto-native launching DeFi apps, NFT marketplaces, and play and earn |
| 1:08.1 | games, or looking to migrate your project from Web 2, |
| 1:11.5 | NIR makes it easy to build Web 3 for the masses. NIR offers developers a variety of tools, |
| 1:16.9 | resources, and support for building apps, empowering communities, and creating a more |
| 1:21.3 | fair, inclusive, and equitable future. Start your Web3 developer journey now by visiting |
| 1:26.4 | near at near.org. So you are hearing this |
| 1:30.5 | on Friday, but I am actually recording it a couple days in advance. We have a little bit of travel |
| 1:34.9 | at the end of this week. And so I thought what might be fun is to do a short primer show on a |
| 1:40.0 | macro topic that we often touch on, but which doesn't really have the chance to take center |
... |
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