OPEC, Oh Sh*t! Crude Oil Tanks as OPEC+ Floods the Market.
Unf*cking The Republic
UNFTR Media
4.9 • 683 Ratings
🗓️ 24 May 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Crude Oil tanks as OPEC+ floods the market with product. Russia and Saudi Arabia just did the unthinkable by announcing that they’re increasing output by 411,000 barrels per day starting in June. With demand forecasts going down every day as the world braces for a Trump induced global recession, it’s the exact opposite move from what everyone expected. This episode tackles what this means for the economy, the future of energy, Trump’s tariff gambit, inflation and unemployment.
Resources
U.S. EIA: Advances in technology led to record new well productivity in the Permian Basin in 2021
EnergyNews: OPEC maintains its forecast for oil demand growth in 2025 and 2026
Reuters: US agrees to sell Saudi Arabia $142 billion arms package
Responsible Statecraft: Lobby Horse: Trump’s ‘trillion dollar' visit to Saudi Arabia
Deloitte: 2025 Renewable Energy Industry Outlook
World Economic Forum: 5 trends shaping the energy world in 2025
AInvest: JPMorgan Cuts 2025 Oil Price Forecasts 12% on Weak Demand, OPEC+ Output
ExxonMobil: ExxonMobil Announces First-Quarter 2025 Results
Reuters: OPEC output hikes, trade wars have US oil producers wary of 'drill baby drill'
Trading Economics: United States Exports By Category
St. Louis Fed: Breakeven Fiscal Oil Price for Saudi Arabia (SAUPZPIOILBEGUSD)
UNFTR Episode Resources
Peak Oil: It's a Crude, Crude World.
Video: Oil Prices TANK as OPEC Floods the Market
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Transcript
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| 0:00.0 | You to the end to the FTR. |
| 0:03.1 | I'm fucking the Republic, beating people where they are. |
| 0:05.9 | Left, right, center, make you laugh, make you cry. |
| 0:08.6 | Max brings the heat of a basic white guy. |
| 0:10.9 | That's me. |
| 0:11.3 | Could have run for office, could have got up off his ass. |
| 0:13.7 | We'd have made something other than a fucking podcast. |
| 0:16.5 | But here we are, yo, the UNFPR show. |
| 0:19.0 | Many faces ripping the script with on fuckers around the globe. |
| 0:21.8 | And Brigitte brings it back for Tom McGovern. |
| 0:23.6 | Let's go. |
| 0:24.4 | I'm fuckers, uncunuckers, you're our fuckers 99. |
| 0:26.8 | Down on the fuckers and some fuckers, they out like they fucking minds. |
| 0:29.6 | From New York to Outagame, Halifax, New Zealand. |
| 0:32.2 | Say it loud, say it with me. |
| 0:33.5 | Yo, fuck Milton Friedman. Oh my goodness. |
| 0:39.5 | Where to begin? |
| 0:41.3 | Russia and Saudi Arabia just did the unthinkable by announcing that their increasing output by 411,000 barrels per day starting in June. |
| 0:53.2 | Now, with demand forecasts going down every single day as the world |
| 0:56.8 | braces for a Trump-induced global recession, it's the exact opposite move from what everyone |
| 1:02.3 | expected. So what's going on here? And what does it mean for the economy, the future of energy, |
| 1:07.6 | Trump's tariff gambit, inflation, and the cost of my hair products. |
... |
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