Hello and welcome to the big mistake of the 2010s edition of Sleep Money or

guide to the business and finance news not only of the week but also of the decade we're going to be

talking about the big news of the week this week which is the latest conflagration

in Iran which is related to, obviously, the price of oil, which has gone up.

We're going to talk about whether it's actually gone up over the long term or whether it's in long term decline. What happened to the price of oil over the past 10 years? What happened to other assets over the past 10 years?

Whether things could have gone much better if only various governments in the US and Europe had managed to get their act together.

And we're also going to talk about David Stern who died this week.

He ran the NBA, which is an organization which runs basketball

games you may or may not know about that and and Anna has stuff to say

about that so all of that is coming up in slate money.

So Anna everyone is talking about geopolitical chaos right now the US is killing Iranians and this is causing oil to go up

and stocks to go down and people to worry about war and what I'd love is if you could help us just take about 30,000 step backwards and put this in perspective for us in terms of like how important is you know Iranian oil supplies and that kind of thing

to the global economy and what's happened to the price of oil and why does it matter and

what you know that kind of thing right so I mean I think the

number one thing to understand is that you know oil prices have been you know

significantly lower than where they were you you know, about a decade ago,

when you had very, very high oil prices.

Then in 2014 oil prices really tanked.

And now they've been in kind of this mid-range, right?

And so give me some numbers here.

So oil prices recently, if you're looking at Brent Crude which is like the global benchmark

it's been you know just like around $70 if you're looking at W.T. I which is more the US benchmark, that's been more like a little over

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