Navigating Canal Challenges: Rising Shipping Costs and Environmental Issues

Welcome to another episode with Jeff and Jake McClure from TPWC!

In this episode, we explore the interesting situation of declining oil prices despite reduced production, considering Venezuela's potential exit from the oil market and Russia's oil scarcity. We discuss China's decreased need for oil and its impact on global oil economics.

1. Why are oil prices falling even though we are producing less oil, with Venezuela possibly exiting the oil market and Russia facing oil shortages? This might be primarily due to China's reduced oil demand recently. @2:50
2. With shipping prices already rising, further increases are expected due to challenges in the Suez and Panama Canals, including drought @24:52

And more!

This episode was recorded on December 9th, 2023. 

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We are happy to address any of your questions about Economics and Finance.

** The information provided in this episode is for educational purposes only and should not be considered investment advice. We are “The Personal Wealth Coach,” which is also the name of an SEC-registered investment advisory firm. However, being registered with the SEC does not authorize us to provide investment advice. Investment advice should be personalized, offered in a private setting, and be in the best interests of the individual as a fiduciary. If we make any fraudulent statements, you should report them to the SEC. The information presented in this educational episode has been obtained from sources that we deem to be reliable, but we make no warranty or guarantee as to the completeness or accuracy of said information.