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The John Batchelor Show

Preview: Colleague Michael Bernstam of Hoover reports the blows to Russian warmaking by the plunging oil price and likely China contraction. More later.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 9 April 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Preview: Colleague Michael Bernstam of Hoover reports the blows to Russian warmaking by the plunging oil price and likely China contraction. More later.
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Transcript

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0:00.0

The weather. Tomorrow, expect a biting cold front. Hmm, how naughty. I wonder what I'll be

0:06.8

wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain

0:13.0

that'll soak you to the skin. By Monday, temperatures will rise slowly but surely reaching

0:18.7

their peak in the afternoon.

0:23.0

Not in the mood for miserable weather?

0:25.6

Fly cheaply to Turkey with Sun Express.

0:28.7

Sun Express, nonstop sunshine.

0:34.9

This is John Batter, a conversation with colleague Michael Bernsum of the Hoover Institution about Russian sanctions and the price of oil.

0:38.5

Price of oil touched, the Brent crude, touched $60.

0:43.2

Michael indicates it could go lower than that, this because of the trade wars, the

0:47.7

tariff talk.

0:49.1

The tariffs remain on China.

0:51.1

So not only is it damaging to Russia that oil is so inexpensive, cheap into the 50s,

0:58.0

wrecking their budget and their ability to wage war, but also one of their major customers

1:03.1

left for them is China. And China's tariffs remain in place. In fact, they were raised by President

1:09.8

Trump. China and a recession, China recession In fact, they were raised by President Trump.

1:18.4

China and a recession, China recession in Russia, China recession Russia, the price of oil, the purchase of oil.

1:22.4

None of it is positive for the Kremlin, says Michael. Here he explains.

1:24.1

Much more of this tonight.

1:31.2

No, it is extremely damaging because China provides 80% of their dual-use goods which are used for military purposes, and China is a major market for their oil and grain

1:38.3

and other resources. And so now, if China goes into a recession or much slower growth from 5% down to 2% or 1.5% of GDP,

1:51.0

it will reduce purchases of Russian products, of Russian oil.

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