Understanding OPEC's Surprise Move
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 22 April 2023
⏱️ 45 minutes
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| 0:00.0 | Hey there! |
| 0:01.0 | Before we get started, just want to let you know today's Real Vision Daily Briefing |
| 0:04.6 | is in partnership with the Gold Investment Letter, helping sophisticated investors successfully |
| 0:10.1 | navigate capital markets and maximize profits in gold, silver, and mining stocks. |
| 0:16.0 | GIL discovers the most undervalued companies and isolates special situations in the mining |
| 0:21.5 | sector for their members, breaking down unique topics such as investor psychology, portfolio |
| 0:27.4 | management, and macroeconomic trends, with a goal of drastically improving investment |
| 0:32.7 | returns. |
| 0:33.8 | Sign up for this free e-letter for immediate action, goldinvestmentletter.com. |
| 0:46.0 | Hi everyone, this week OPEC Plus surprised the world by cutting production for a deep dive |
| 0:51.0 | on what this means for the economy and geopolitics, I'm joined by Harris Copperman founder of |
| 0:55.6 | Pretorian Capital Management. |
| 0:56.6 | Hi, copy, how are you? |
| 0:57.6 | I'm doing well, thanks, how are you? |
| 1:00.6 | I'm doing okay, so we know that you're paying attention to the oil patch, so we wanted |
| 1:06.8 | to catch up with you and we had a quick email exchange because you're paying close attention |
| 1:12.2 | to this and it really did OPEC Plus's decision to cut the supply, really did seem to catch |
| 1:17.4 | the market off guard, clearly everyone's been worried about banking and a banking crisis, |
| 1:22.2 | but what's your take on this? |
| 1:24.1 | What do you think was behind that? |
| 1:26.1 | Well, I think OPEC Plus looked at the SPR draining and they kind of realized that this |
| 1:30.6 | was their moment to exert pressure, I mean, without an SPR to play defense, they can move |
... |
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