Well, howdy there, Internet people, it's Bell again. So today, we're going to talk about oil prices,

gas prices, what it means, and how Drill Baby Drill is shaping up to not happen. So today,

we're going to dive a little into oil. We've touched on little developments here and there.

But in the Road's Not Taken episode, I talked about the drop in oil price and how it might not

actually be something to cheer about. We also have this question. Quote, bell, oil prices are going

down, and I tried to explain how that isn't good in this case.

My father-in-law says the drop in price is due to Trump's drill baby drill policies.

It's hard to explain how there's a hundred reasons oil can go up, but only two ways it goes down.

He's convinced it's because of more drilling.

Help, I'm just a silly girl who doesn't know anything. Tiny little lady brain can't handle a lot, huh? Ben there. Okay, so first, the two ways

oil goes down. One is that there's a perception that there is or there's going to be more oil on the market,

because countries start producing more, or a new field was found,

or there's a president that greatly favors the oil industry, stuff like that.

The other is because there's a perceived or real drop in the amount of oil being used.

This is almost always a bad thing

overall. So, which is it in this case? Both. But most of the massive falls in price are because

of a perceived lack in demand for oil because of fears of an upcoming recession. I'm sure you told him that.

When I tell you how to prove it to him,

you're probably going to face palm

because I'm certain you've looked at this chart recently.

Oil is a market that reacts almost immediately to news.

Go to your favorite chart showing crude oil futures.

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