Valuetainment - July 07, 2021


$10 Gas Price Spike Prediction

Hosted by
Patrick Bet-David
Mentioned
Biden Bolt
How I Would Start A New Country What Burgers, Ferraris and Porn Teaches us About Evolution - Gad Saad

Episode Stats


Length

11 minutes

Words per minute

182.57

Word count

2,061

Sentence count

216

Harmful content

Hate speech

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this video, I explain why I believe gas prices could go to $10 per gallon in the next 24 months, based on a lot of different factors. Gas prices are already high around the world, and could they continue to rise even higher. In this video we look at which countries are the most and least expensive in terms of gas prices, as well as which countries have the most EV and hybrid vehicles being driven, and is there a correlation between countries that are going green and high gas prices?

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.120 I'm going to make a case to you today why I believe gas prices in the next 24 months
00:00:03.440 could potentially go to $10 per gallon.
00:00:05.760 And yes, that's what I believe.
00:00:06.760 $10 per gallon, next 24 months, based on a lot of different factors.
00:00:10.760 If you agree with my argument, once I make it, smash the thumbs up and subscribe to the
00:00:14.480 channel.
00:00:15.480 If you don't, put a thumbs down.
00:00:16.480 I'm okay.
00:00:17.480 I want to kind of see how you feel about this.
00:00:18.480 By the way, we're going to look at the following data in today's video.
00:00:20.480 Number one, we're going to look at which country gas prices are the most expensive as well
00:00:24.040 as cheap.
00:00:25.040 We're going to look at which countries have the most EV, electric vehicles being driven,
00:00:29.320 and is there a correlation between countries that are fully going green and high gas prices
00:00:34.560 because they're trying to influence people from not driving gasoline-powered cars.
00:00:38.560 We'll look at gas prices the most in cities, states, and we'll look at consumption, we'll
00:00:43.080 look at many different data, as well as auto manufacturers, are they going away from gasoline-powered
00:00:49.160 cars?
00:00:50.160 So having said that, let's get right into it.
00:00:51.160 So here's what we're looking at.
00:00:52.160 Number one, Biden administration makes the move to go electric vehicles.
00:00:57.080 That's the direction they're going to.
00:00:58.360 That's what they want people to do.
00:01:00.320 And remember that he has control by creating additional taxes to influence you to get away
00:01:06.760 from gasoline-powered vehicles.
00:01:08.820 So now that's the administration.
00:01:10.120 Now you have to realize that car auto manufacturers make decisions based on having lobbyists that
00:01:15.160 are working with the government, whispering to them, you better get away from oil, gasoline-powered
00:01:21.600 cars, because eventually we may ban it.
00:01:24.360 Could that really happen?
00:01:25.360 Now let's take a look.
00:01:26.360 Let's take a look.
00:01:27.820 So here's what we're looking at.
00:01:29.320 All the promises automakers have made about electric cars.
00:01:33.000 So GM releases their new 2022 Chevrolet Bolt.
00:01:36.820 It's what you're looking at here, February 14, 2021.
00:01:39.820 Jaguar's talking about that's the direction they're going to go in 2022.
00:01:43.320 Mercedes is coming out with their EQS by the end of the year in 2022.
00:01:47.600 Ford intends to start production of F-150 Lightning, which is an electric version of America's best-selling
00:01:53.500 vehicle by the spring of 2022.
00:01:56.780 Here's Honda talking about their cars.
00:01:58.780 Mazda's planning on coming out with theirs. 0.86
00:02:00.880 Nissan, eight EVs by the end of the year in 2023.
00:02:05.000 In 2024, Land Rover's going to be all electric vehicle cars that are coming out with Volvo's
00:02:10.600 announcing theirs by 2024.
00:02:12.860 2025, Audi plans on having 30 electrified vehicles by 2025.
00:02:18.060 20 of those models will be EVs.
00:02:20.340 BMW said as early as 2017 it expects to have hybrid and electric vehicles to account for
00:02:25.640 15 to 20% of its global sales by 2025.
00:02:29.840 Ford says it's investing $29 million, billion dollars into it.
00:02:34.280 This continues.
00:02:35.380 Hyundai, you know, Toyota plans to launch 60 new hybrid cars is what they're talking about.
00:02:41.340 Volkswagen is talking about one and a half million.
00:02:44.320 I mean, I can go on and on and on.
00:02:46.180 So why are they going in that direction?
00:02:47.500 Watch this one here.
00:02:48.300 By 2030, a UK ban on the sale of diesel and gas-powered cars is expected to go into effect.
00:02:57.520 Let me read this to you one more time.
00:02:59.480 By 2030, a UK ban on the sale of diesel and gas-powered cars.
00:03:05.640 So imagine I make cars, they're diesel and gas-powered, and I want to sell it in UK.
00:03:12.400 It's a waste of time to produce it because it's going to be banned because nobody can sell it.
00:03:16.980 So the government is controlling what manufacturers are going to make with their cars.
00:03:21.740 Huh.
00:03:22.380 Mitsubishi is planning on having 50% of its sales being from electric or hybrid cars, right?
00:03:30.460 Volkswagen is targeting 60% of the European market.
00:03:33.740 I can go on and on and on talking about what these guys are going to be doing, right?
00:03:37.340 You can read this article.
00:03:38.280 I'll put the link below.
00:03:39.420 Now let's take a look at the most expensive and cheapest gas prices worldwide.
00:03:44.720 If you're taking a look at this here, here's as of yesterday, as recent as yesterday.
00:03:50.560 Cheapest gas right now, if you want to buy per gallon, it's in Venezuela.
00:03:55.540 You know how much it is?
00:03:56.500 7 cents.
00:03:57.900 Yes, 7 cents.
00:03:59.480 You know what country in the world has the most oil?
00:04:02.380 It's Venezuela.
00:04:03.740 Not Saudi Arabia, not Iran. 0.55
00:04:05.840 It's Venezuela.
00:04:07.000 Look at Iran, 23 cents.
00:04:08.960 Look at Kuwait, $1.30, Nigeria, $1.54, Iraq, $1.94. 0.75
00:04:15.320 You go down Qatar, $2.07.
00:04:18.640 We go to Azerbaijan, $2.27, Colombia, $2.28, Saudi Arabia, $2.32, Dubai, $2.42, Russia, $2.54.
00:04:28.660 Let's see where U.S. is at.
00:04:29.900 Turkey is $3.48, U.S. $3.47.
00:04:32.200 Now let's go to the bottom.
00:04:33.260 Let's go all the way to the bottom.
00:04:34.520 Most expensive.
00:04:35.460 You ready?
00:04:35.720 Hong Kong, $9.67 a gallon.
00:04:41.140 Lebanon, $8.70.
00:04:42.960 Netherlands, $8.70.
00:04:45.400 Norway, $7.98.
00:04:47.860 Denmark, $7.59 a gallon is what we're talking about.
00:04:52.420 Israel, $7.56.
00:04:54.880 Portugal, $7.50.
00:04:56.500 Greece, Finland, Sweden, they're all over $7.
00:04:59.600 Italy, France, UK.
00:05:01.340 Everybody I sit outside of UK is over $7.
00:05:04.080 UK is $6.95.
00:05:06.860 Now, these are gasoline.
00:05:09.200 Price per gallon gas in these countries, right?
00:05:13.100 Now let's look at the top 10 greenest countries in the world.
00:05:16.820 Greenest countries in the world.
00:05:19.240 If you can see this data, let me make it a little larger for you.
00:05:22.360 Number one, Denmark has the highest score of 82.5.
00:05:26.320 Huh.
00:05:26.840 Let's see where Denmark scores on the highest gas prices.
00:05:30.500 Do you notice a correlation there?
00:05:32.580 It's interesting.
00:05:33.780 Go green.
00:05:34.760 Don't buy gas because we're going to raise taxes so you don't buy it.
00:05:38.180 It's going to be expensive if you want to buy it from us.
00:05:40.940 Do you think that'll motivate?
00:05:41.920 If gas prices were $7.59 right now and you're living in Toledo, you're living in Miami, Chicago,
00:05:49.740 LA, would you maybe be inspired to go buy an EV vehicle fairly quickly?
00:05:54.740 Would you?
00:05:55.160 You don't think this may be something they're talking about and seeing it in the administration?
00:05:59.460 We got to kind of get away, get away from them to buy these other cars.
00:06:02.600 Let's continue.
00:06:03.280 That's just one country.
00:06:04.440 Maybe I'm just speculating.
00:06:06.160 Luxembourg.
00:06:06.760 The second largest country in the world when it talks about going green.
00:06:10.100 Where are they at on this ranking?
00:06:11.800 Are they cheap?
00:06:12.780 Nope.
00:06:13.260 Six bucks.
00:06:13.960 Okay.
00:06:14.240 Maybe that's just two of them.
00:06:15.600 How about Switzerland and UK?
00:06:17.300 You already know where UK is at.
00:06:18.920 $6.95.
00:06:20.500 Switzerland, $6.57.
00:06:23.020 France, Austria.
00:06:24.300 Let's look at France and Austria.
00:06:25.560 Here's France, $7.
00:06:28.040 Austria.
00:06:29.420 It's a little cheaper for you.
00:06:31.040 $5.76.
00:06:32.560 Do you want me to continue?
00:06:33.720 By the way, you do this with every one of them.
00:06:35.520 Norway, Germany, Sweden, Finland.
00:06:37.560 They're all on the same list.
00:06:39.240 Are they trying to drive people away from that?
00:06:41.980 Now, if we look at gas prices history-wise, here's what you're looking at.
00:06:45.600 How much gas prices were.
00:06:46.720 I was in the army in 1999 when gas prices were $0.98 a gallon, $0.96 a gallon, $0.98 a
00:06:54.580 gallon, cheaper than what it was in 1993.
00:06:57.980 And in gas prices, if you remember, it peaked around $4 in 2008, $4.14, and got a little
00:07:04.560 bit higher in the threes, and then came back down from 2016.
00:07:07.840 It was $1.87.
00:07:09.480 You know, it was $1.98, $1.93.
00:07:12.280 No one's really been too stressed out about gas prices.
00:07:14.660 Today, if you look at gas prices, Memorial Day weekend, 2021, about a month and a half
00:07:19.220 ago, who are the states with the highest gas prices?
00:07:22.600 Pennsylvania, $3.15.
00:07:24.240 Then you got Idaho, Illinois, Alaska, Utah, Oregon, Washington, Nevada, Hawaii.
00:07:29.480 Anybody surprised that California is $4.16?
00:07:32.420 By the way, is it $4.16 because that's the price of gas?
00:07:34.440 Or is it $4.16 because the state of California added a gas tax to it?
00:07:40.560 So where am I going with this?
00:07:42.000 Here's where I'm going with this.
00:07:43.520 Countries with oil consumption.
00:07:45.620 U.S. is the highest.
00:07:46.800 More than anybody else.
00:07:48.160 Then it's China.
00:07:48.920 Then it's India. 0.83
00:07:50.060 These guys have five times the amount of population as we do.
00:07:53.460 We consume more gas than they do.
00:07:55.780 Matter of fact, world consumption of gas, oil, is United States, 20%.
00:08:03.560 We have 330 million people, 340 million people, 8 billion people in the world, of which 20%
00:08:08.880 of all the oil is going through U.S.
00:08:10.700 And in 2019, we became the first time where we're energy independent since 1957.
00:08:16.220 We're using less oil than we're actually producing.
00:08:20.160 We're independent of that, right?
00:08:21.540 So we're kind of going that direction.
00:08:22.700 This was good news that came out.
00:08:23.800 But let me continue with my idea here with gas prices.
00:08:26.800 Why do I think gas prices are going to go up?
00:08:28.400 Think about it this way.
00:08:29.660 Current administration wants to push you to go buy EV.
00:08:33.340 Whether you agree with that or not, it's go green.
00:08:36.120 It's climate change.
00:08:37.800 It's save the planet.
00:08:39.420 It's, you know, we have to drive electrical vehicles.
00:08:42.300 Manufacturers are responding to that.
00:08:43.980 So if you were on their campaign, if you were on their administration, how would you suggest
00:08:48.140 doing this?
00:08:48.840 There's really two ways of doing it.
00:08:50.400 One is pain.
00:08:51.560 One is pleasure.
00:08:52.940 Pleasure is what?
00:08:54.160 If you go get an EV vehicle, we're going to give you $10,000 write-off if you buy a brand
00:08:58.820 new car, da-da-da-da-da.
00:09:00.000 Okay?
00:09:00.260 So it's pleasure.
00:09:01.260 I'm going to get a write-off.
00:09:02.360 I'm going to get tax benefits.
00:09:03.360 I'm going to get this.
00:09:03.860 I'm going to get that.
00:09:04.860 Or they can do the other way, which historically many politicians have used, which is what?
00:09:08.960 It's called pain.
00:09:09.980 And how do you do it with pain?
00:09:11.280 It's called sin taxes.
00:09:12.760 What are sin taxes?
00:09:13.740 Sin taxes we have on sugar, on cigarettes, on alcohol, on soft drinks, on casinos, on porn,
00:09:22.460 literally porn.
00:09:23.920 I can go on and on and on and tell you all these different sin taxes.
00:09:27.300 What if the administration sat there and they said, you know what?
00:09:30.440 How soon do we want everybody to go to EV?
00:09:32.860 What if somebody like an AOC makes the phone call and says, hey, if you really think this
00:09:37.260 is that big of a deal, why don't you put a $3 tax, a $4 tax, a $5 tax on anybody that
00:09:43.320 goes and buys gas prices, gas cars?
00:09:47.180 Now, they can't do it suddenly because if they did, there'd be a strike and it'd be the
00:09:51.720 ugliest thing they could do.
00:09:53.220 But could they gradually turn the knob to create the kind of pressure for you where at the dinner,
00:09:58.860 you're sitting there with the family, you're talking and saying, babe, I don't know if
00:10:01.280 you heard what just happened right now.
00:10:02.320 What's that?
00:10:02.680 I think it's time we go buy that Tesla.
00:10:05.020 I think we go buy that EV.
00:10:06.700 I think we go buy that electrical vehicle.
00:10:08.900 So what does this mean long term?
00:10:11.240 If you thought the stocks of these electrical vehicle companies are going to go up, whoever's
00:10:16.620 got the biggest market share, take a Tesla.
00:10:18.700 If you think they were maybe going to go up, the direction politics is going and the direction
00:10:24.340 how they can influence that based on what many European countries are doing to control
00:10:29.420 people from not driving oil and gasoline powered vehicles, we may be going in that direction.
00:10:36.240 Could it happen in the next two years at $10?
00:10:38.320 I don't know.
00:10:38.980 But all I can say to you is what we're currently looking at, if the administration really wanted
00:10:44.540 to push all of us to go in that direction, they could probably do it in many different
00:10:48.380 ways.
00:10:49.000 Pain or pleasure.
00:10:50.180 You may agree with this.
00:10:51.340 You may not agree with this.
00:10:52.420 Again, if you do agree with this, thumbs up, subscribe to the channel.
00:10:55.840 If you don't, put your thumbs down.
00:10:56.960 But if you want to find out a little bit more on topics like this, I did a video a month
00:11:00.480 ago on specifically the topic of inflation, which a lot of people are talking about.
00:11:05.840 When inflation does happen, who wins and how do we come up with this concept of inflation?
00:11:10.860 What triggers inflation going up?
00:11:13.060 If you've never watched that video, click over here to watch that video.
00:11:16.340 Take care, everybody.
00:11:17.060 Bye-bye.