It’s not about the price of oil, it’s about the value of it.

[@georgemosier9029]

I wonder how many heads blew up with trying to get the concept of future value vs present value. Love listening to your take on things.

[@Mr18000rpm]

Thank you Mr Global; I've been following your channel for maybe a couple of months now. Of all the KZbin channels I subscribe to; your channel is the one I now look forward to viewing the most. Your knack of combining oil market expertise and explaining subtle concepts in reasonably simple terms is a real asset to viewers. I wish you, your family, and all subscribers a Merry Christmas and a safe holiday.

[@heywud10]

Your explanation is spot on and relates to everything else we complain about as consumers. Merry Christmas !

[@margaretrobison3120]

Merry Christmas 🎁 Mr.Global🎄to you and your family many blessings🎅

[@marthahagar6506]

Thank you, Matt. Merry Christmas 🎄 to you and your family. God Bless.

[@nullmcgrooder70]

Fascinating discussion.

[@francineshannon3078]

Thank you for explaining. Merry Christmas

[@JosephBrody]

People have a hard time understanding the 8th wonder of the world, compound interest and inflation.

[@TAS1303]

Its like no one took economics.

[@ph5915]

Nobody seems to understand economics! I'm sure many things follow this true value vs present value truth. Heck, when I was a little kid, in like 1970, gas was $0.29/gallon, and the 4 different gas stations at an intersection would have "price wars" and you could get it for $0.25/gallon. The average price of a new car then was like $3,500, average home was $25,000...But wait. The average full time income was $9,200. So if they want to dial everything back, everything has to be dialed back, including income.

[@heywud10]

But, but,but.... that requires common sense ?! Spot on !

[@onomatopoeia162003]

Back in 99-00. Gas was like .99 a gal. And like 20 a barrel.

[@patricknakasone9376]

People still complained about how outrageously expensive everything was and how it used to be cheaper.

[@richardluce775]

Love the knowledge and a few more words for the algorithm. Wish a few more “experts” would look in and learn.

[@psolsrud]

You mean oil companies aren't willing to lose money for our benefit? It's no different than expecting someone to work for $8 an hour... But half of us somehow can't understand this.

[@DonCaprioni]

Question for you Mr. Global . . how accurate is it for oil companies to forecast the value of an oil barrel over several future horizons (i.e. period of 10, 15, 20 years)?!

[@NickLauer-i9r]

One translates to the other in all reality.

[@onomatopoeia162003]

The cheapest was like .99 a gal to little over $4. From what I remember. ( In this area.) Edit: not to mention that it's sold in the market. Supply and demand. 😁

[@ladygracienyc2029]

So a dollar today is not worth a dollar 10 years ago. I summarized in 10 words what took him 4 minutes in a video

[@DonCaprioni]

This is the kind of economics one learn On The Job and not in the halls of universities Mr. Kris (with a K). Listen and learn . . only then you earn the privilege of making a comment on Mr. Global’s videos.

[@alfredchiu2275]

Every engineering degree requires a course called Engineering Economics to determine whether to spend money on projects. That is exactly what you are talking about. Kris maybe a field hand???

[@scotthowarter2379]

When i was getting my geology degree, we had a class called economic geology. Very interesting class

[@reverbva]

Happy Holidays and Happy New Year!

[@johnscott8271]

Your bias shows. Face it Trump won! 😂

[@Morpheus187]

He is still a LOSER!

[@charliehargrave7458]

Enjoy your Trump enema for the next 4 years.

[@knotanasss]

so you're saying. they want at least 25 loaves of bread per barrel since it now costs 21 loaves of bread just to get it out of the ground and shipped.