Boom Bust Season 2 Episode 65 Mosler: the Saudis Are Still the Swing Producer. They Are Engineering the Oil Price Crash

The episode of Boom Bust season 2 titled Mosler: the Saudis Are Still the Swing Producer focuses on the role of Saudi Arabia in the oil market and how the country has been engineering a price crash. The episode delves into the details of the current oil market trends and the factors that have been driving the price changes.

The show begins by discussing how Saudi Arabia has historically been the swing producer in the oil market, meaning that the country was able to adjust its production to meet demand and stabilize prices. However, in recent years, the global energy landscape has changed, and the role of the United States has become increasingly important as they have become the world's top oil producer. This has led to a decrease in Saudi Arabia's market share, and the Saudis have had to adjust their strategy accordingly.

The episode then dives into the Saudi Arabian strategy of engineering an oil price crash. The show explains how Saudi Arabia, along with Russia, have been flooding the market with oil, causing an oversupply and subsequently driving prices down. The hosts of the show discuss the reasons behind this strategy, including the desire to maintain market share and outcompete other oil-producing countries, such as the United States.

The discussion in the episode then shifts to the consequences of the oil price crash. The hosts analyze the impact on the global economy, particularly on oil-producing countries such as Venezuela and Iran, who have been hit the hardest by the price drop. The show also explores the effects on the energy industry, including how low oil prices have affected the profitability of major oil companies.

Next, the hosts examine the potential repercussions of Saudi Arabia's strategy in the long term. The show discusses the possibility of a future where renewable energy sources become increasingly dominant and how this could affect the oil market. They also analyze the prospect of other countries becoming the swing producers in the future and the impact this could have on Saudi Arabia's position in the market.

The episode concludes by exploring what the future holds for the oil market and Saudi Arabia's role in it. The hosts debate whether the price crash engineered by Saudi Arabia is a short-term solution or a long-term strategy that could shape the market for years to come. They also discuss the potential for cooperation between OPEC and non-OPEC countries to stabilize the market and whether Saudi Arabia will continue to be the dominant force in the oil industry.

Overall, the episode of Boom Bust season 2 titled Mosler: the Saudis Are Still the Swing Producer provides an in-depth analysis of the role of Saudi Arabia in the oil market and how the country's strategy has affected the global energy landscape. The hosts provide valuable insights into the reasons behind Saudi Arabia's actions, the consequences of the current price crash, and the potential impact on the energy industry in the future.