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Belle of the Ranch

Let's talk about Biden's message to OPEC, foreign policy, and oil....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 13 August 2021

⏱️ 6 minutes

🧾️ Download transcript

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0:00.0

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

like your head is full of Raspberry,

0:08.0

then you need Monzo.

0:10.0

Download your new favorite bank and pay bills from custom pots.

0:15.0

Money never felt like Monzo.

0:18.0

UK residents, T's and C supply.

0:21.0

Well, howdy there, internet people people let's bow again so today we're going to talk

0:26.7

about foreign policy and oil we're going to do this because President Biden issued a pretty routine run-of-the-mill statement

0:36.4

to OPEC asking them to pump out more oil.

0:41.6

When he did this, a whole lot of people expressed their displeasure.

0:47.0

They suggested that we shouldn't be buying oil from other countries, that we should use our own America first and all that.

0:56.0

After all, we do have the 11th largest oil reserves in the world. Why are we dealing with those people?

1:07.0

America first.

1:10.0

When you say it like that 11th largest known oil reserves

1:15.1

That sounds like a lot

1:17.2

It does I mean it sounds like a lot even if you put it into barrels that sounds sounds like a lot, because it's like 35 billion barrels of oil.

1:26.2

That's about 2% of the world's supply.

1:31.4

So let's say we exercise this plan and we stop importing oil and we just use our own.

1:40.3

We just use our own reserves and we keep up current levels of consumption.

1:47.0

We would run out of oil before the end of Biden's second term, assuming he has one.

1:54.0

We have a little less than five years.

1:57.0

Our oil reserves in the United States are just a little less than five years of our annual

...

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