Unlearn16: Class is in Session - December 23, 2025


The One Where Mr. Global and I Take Venezuela

Topics
The One Where Marit Uses the 'C' Word. The One Where We Got Married

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Length

50 minutes

Words per minute

162.09

Word count

8,127

Sentence count

226

Harmful content

Toxicity

3

sentences flagged

Hate speech

3

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
00:00:00.000 class is in session hey everybody and welcome to unlearn 16 clash clash that's right that might be
00:00:11.360 freudian mr gold yeah classes in session we are in season five episode two and today we have mr
00:00:18.240 global on now um he came pretty hard at me in the paint on uh tick tock about some venezuelan oil
00:00:26.480 issues so i said you know what every likes good fight we might as well do it for an hour on a
00:00:31.600 podcast um but i do really think that his vantage point and his like incredible amount of knowledge
00:00:41.200 only serves for all of us to try to understand what's going on why it's going on and how we can
00:00:46.720 better understand it so thank you so much mr global for coming and hanging out thank you for
00:00:52.800 having me amazing i think okay so just in case anybody didn't see it i did a tick talk about
00:00:59.360 venezuela and venezuelan oil and what donald trump wants and why i think he wants it and who the
00:01:05.840 players are involved and then when i did it it was well received it did very well but then people are
00:01:10.960 like you didn't go farther enough back so if you want to see my page i go back to 1498 anybody
00:01:17.440 worrying that I'm not covering history. But I think what we really, I think what would be cool
00:01:23.640 to focus on today is number one, how the United States gets its hands on so many people's natural
00:01:30.600 resources, especially in those early 1900 time period. And obviously why oil, we'll stick to
00:01:37.280 oil today because there's lots of natural resources, but why oil is one of those things
00:01:41.300 that they got their hands on. What kind of oil Venezuela has? Because I'd like to know that
00:01:46.080 because I know you've differentiated between types of oil and the oil we can use and the oil
00:01:50.980 you guys can refine and all of that. How we trade oil, how we buy oil, what the petrol dollar is,
00:01:58.880 and what kind of levers you think are being utilized here and why they're being used,
00:02:05.200 or if you think it's all the world's a stage. So I'm going to let you start. If you want to start,
00:02:12.180 maybe we go maybe go back to how does the united states get their hands on a bunch of stuff here
00:02:18.420 you want to start there let's be honest do what the united states is good at that
00:02:24.820 really truly early 1900s yeah what would you i don't i don't know if this is an actual term
00:02:31.700 would you call it like corporate colonization well i i always use the term imperialism i use
00:02:37.300 the two term imperialism as opposed to colonization because i say britain sent their army um and and
00:02:44.100 the united states the united states sent starbucks and and i know that's a funny metaphor but um
00:02:50.740 i differentiate right i differentiate between some type of capitalistic which is what i think
00:02:56.660 imperialism is this capitalistic colonization whereby you guys do a great job especially in
00:03:03.060 the early 1900s there um post-industrial revolution and and then post-world war one
00:03:09.780 of of stepping in gaining to developing nations having a bunch of money gaining access and saying
00:03:16.580 don't worry we're going to develop this resource for you don't worry we got your back and then it
00:03:22.180 rolls into you know some type of uh economic colonialization so yeah i mean if you look at
00:03:30.260 ukraine we're we're still trying to do that if if you want our help in ukraine give us your minerals
00:03:35.700 you know what i mean it's like and that's not typically something that i think you see as much
00:03:41.300 in a democratic administration but definitely republican and i'm not saying it doesn't happen
00:03:46.580 in democratic administrations but if it does we don't see it like it's not thrown right in front
00:03:51.460 of our face so because i think that i it from wilson onward i think that administration after
00:04:01.380 administration has done it i think that and maybe count me wrong here but i feel like trump is the
00:04:07.860 only guy just saying it he didn't care yeah he doesn't yeah he'll just say it out of it he's
00:04:13.860 like yeah that's what we're doing that's what we're trading here yeah no i i agree 100 um
00:04:21.300 as far as the the oil in venezuela and it's something else i think we should touch on since
00:04:26.900 you're from canada is this oil is so similar to canada's oil yeah that's what i heard and this
00:04:33.780 this would be i don't think it's a stout competitor with canada but it will be a competitor with
00:04:41.540 canada if donald trump uh achieves what he hopes to achieve and it makes me wonder what kind of
00:04:49.380 leverage or pressure he would try to apply on canada if he did achieve this in venezuela and
00:04:56.320 i think that is there's a lot of unknowns there but it's something that's been in the back of my
00:05:00.960 mind the whole time like is this really a play sort of against canada because he's still pissed
00:05:07.040 off at whoever whether it's trudeau or or carney you know i i have no idea he's so unpredictable
00:05:13.000 but it is extremely similar to canada it's it's heavier it's more sour but uh canada has all of
00:05:20.980 the legit rude i you just call this and we taste bad i don't think that's no i'm talking about the
00:05:26.920 oil but like logistically and commercially canada has all the advantages over venezuela all the
00:05:35.280 pipe runs running right into uh u.s companies own a ton of canadian resources and vice versa
00:05:44.080 like canadians own a ton of equity in the u.s refiners that refine their oil so it's
00:05:50.580 it's really interconnected the only difference between when it comes to oil in the u.s and
00:05:56.320 canada is that there's an imaginary line there it's literally the same thing yeah it's so
00:06:03.240 interconnected i guess the only way venezuela is a good play too because it's so far and there's
00:06:09.200 no interconnections that are all going to have to be established that there's going to have to be
00:06:13.640 new transportation lines which i don't foresee being easy quick or inexpensive am i wrong
00:06:20.900 no you're not wrong and and canada is also not a large uh sort of highway for trafficking of
00:06:29.260 different illicit things you know uh even though venezuela themselves yeah you know fentanyl may
00:06:38.120 not be made in canada and other substances i mean venezuela but other substances may not be made
00:06:43.900 there but they can and are trafficked through there quite a bit right they're they're run
00:06:48.580 through there a lot of risk in venezuela it's an unstable country you know it's it's you can't even
00:06:55.440 compare canada and venezuela it's silly to even try but um to your point um i i don't know if you
00:07:06.540 had seen but the u.s companies have told donald trump we don't want to go back to venezuela oh
00:07:11.120 of course they have yeah yeah yeah now i don't know if that's true it makes but it makes perfect
00:07:16.880 sense from a business standpoint the even if even if and then there was a part of my tick tock where
00:07:23.640 I felt like installing Maria, paving a way for her to take over made sense.
00:07:30.140 If she's willing to make all sorts of concessions, I still hold true to that.
00:07:34.380 I still think that that's the play.
00:07:35.880 But even if he does that, even if she steps into power, the notion that everybody else
00:07:42.760 will settle down in Venezuela and never try on that power structure seems silly, right?
00:07:49.440 Yeah. There's so much corruption in Venezuela that is not attributed to who's in power now. That's not going to change if you change that one person. I've read that. Every time I've researched Venezuela, I have read that exact thing. It's ridden with corruption far beyond the leaders of the country.
00:08:11.940 Right. Well, I mean, it would be like anything else. Everything else becomes systemic. It's not just about who's sitting at the top of that mountain. It's about how the mountain was built.
00:08:22.940 So in order to really shift that, we're talking, and this is why I do still think it's a play, but we're talking it's way, way, way down the line when Venezuela as a nation, which I do think is possible, you know, handling its own country and moving towards more of a legitimate democratic state.
00:08:43.520 But what I thought was interesting, so your biggest, I think your biggest question about my TikTok, and I want to come back to this, is how we trade oil and the connection to the petrol dollar.
00:08:57.480 Because it's something that I've tried to become aware of, but I definitely think I'm a little bit limited.
00:09:02.860 So if you could explain that a little bit.
00:09:05.460 Well, basically, you know, we agreed with the Middle East that oil would be traded in dollars, in U.S. dollars.
00:09:13.520 And at the time, after the Bretton Woods agreement, the U.S. dollar was already the reserve currency of the world, but that agreement to trade oil in dollars was somewhat genius, not because of the oil itself, but because of all of the other places it sent the dollars.
00:09:33.540 And that's what I was kind of alluding to, that now oil is such a small piece of the dollar's dominance because it controls the global financial markets, which are a thousand times bigger than the oil market.
00:09:52.100 And my thing is, I honestly don't know if the Trump administration knows that.
00:09:59.660 so like when you say like this say yeah like when you said this could be a play on the currency and
00:10:09.600 you know what you're you alluded to in your video it could absolutely be that and the trump
00:10:15.820 administration could be wrong about that you know what i mean like because i don't know
00:10:20.600 that they fully understand like the currency thing yeah okay so you're saying that
00:10:29.400 It used to be a very big upholder of that. My question is, could it be a bit of a domino effect? Or could people feel as though or see it as a bit of a domino effect?
00:10:42.680 Meaning, if the BRICS nations get together and just start here, just start with one thing,
00:10:50.400 could that be a way for them to gain a foothold or negotiate and establish a trade partnership
00:10:58.780 outside of using U.S. currency that could eventually snowball into all those other things
00:11:05.620 that you obviously clearly indicated are a thousand times more dominant?
00:11:10.320 my question is could that just be the first step to the next thing that they might want to do
00:11:15.680 because if i'm bricks that's exactly what i want to do yeah it absolutely could be the first step
00:11:20.940 it could be a domino um but i i think my response came from so for years we've been hearing about
00:11:29.960 the the dollars going to go away and we've heard about bricks and every time i hear that i think
00:11:37.040 of how all that started okay how did it start well that all started with crypto bros trying to
00:11:44.060 get people to buy crypto like that literally started and i'm not saying there's not merit to
00:11:48.580 it sure uh i'm just saying i don't think it's as big as it's been made into you know during the
00:11:55.740 during the not it wasn't that long ago everyone was talking about where there's this date where
00:12:02.120 this petrodollar agreement ends and the dollar is going to come to an end and i'm like no that's not
00:12:06.800 how that works but so it's honestly so complex we could have the best minds in the world in here
00:12:16.040 and we wouldn't get the same two answers from anybody that's just i kind of got to when i was
00:12:20.500 researching yeah that's the fact of the matter so i think it's fascinating though to talk about i
00:12:27.060 mean obviously when you're talking about oil you you have this spider web of of impacts that that
00:12:35.300 feed from, you know, what oil is used for. Most people just think, okay, oil, gas,
00:12:43.540 transportation. And then they stop there. They don't go into plastic production. They don't go
00:12:49.360 into like all of the other things that that particular resource is used for and on mass.
00:12:58.300 um so i think that we when we talk about oil we really do i think we're very limited in the in
00:13:06.720 what we think that resource is for because i know in canada and i like to hear your opinion i think
00:13:11.740 we talked about this a bit last time in canada there's a significant debate about whether or
00:13:16.400 not we put a pipeline across canada like east uh west east coast kind of thing and and the the
00:13:23.460 proponents against it obviously environmental activists and a lot of indigenous communities
00:13:28.800 because obviously that's the land we would use in order to place it right of course um but i'm of the
00:13:36.520 the opinion and i'd love to hear your opinion i'm of the opinion that it's just like a lot of things
00:13:42.140 it's a necessary evil if we don't want to have this consistent reliance because we do we rely
00:13:52.860 the united states for a very long time in in many many different ways for being our most significant
00:14:00.940 trading partner and you guys rely on us for that as in a lot of aspects as well but i'm just
00:14:07.020 thinking like unless we're willing to take that on the nose a little bit i don't see a way around
00:14:13.500 the dependency but maybe i'm wrong if you can figure out another way around it that would be
00:14:17.420 be lovely but what do you think do we you could send me a note later so it's not like treason or
00:14:23.720 anything the the problem with oil dependency you know not only in canada but around the world
00:14:29.860 is that it is it has become such a big business that it controls so much that it's almost impossible
00:14:37.760 to develop anything to compete with it because they control all of it like you know what i mean
00:14:43.200 like yeah and you know i i spent 30 almost four years in the industry and i've been i have never
00:14:55.720 been opposed to any type of energy and i never quite understood why people were opposed to it
00:15:01.480 but i wasn't apparently i was naive at the time and i wasn't understanding that it's not really
00:15:06.760 about the type of energy it's about who's getting the dollars from the energy and it has nothing to
00:15:12.440 do with the type of energy. It's all about who gets the control and the power. Uh, so it's much
00:15:18.620 like ideology in the United States. You know, we, we say conservatives believe this and liberals
00:15:24.960 believe this. And I think a lot of times, even the ideology is just a front, uh, to maintain
00:15:30.620 control and power. Right. They, they know people want to, to see a politician that opposes abortion.
00:15:37.180 So they're going to do that because it keeps them in power. I don't think they really care
00:15:40.860 about abortion i don't think they really care about immigration um so getting you know the oil
00:15:48.380 dependency is tough because it is almost impossible to develop anything that can can compete with it
00:15:54.780 um right you you cannot convince me i wasn't necessarily talking about our dependency on
00:16:00.780 the resource we can talk about that that's something different i meant canadian dependency
00:16:05.580 on the united states oh yeah because yeah the the only way we get around that again we're just
00:16:12.620 talking geographic proximity it just makes sense for us to be partners it's always made sense for
00:16:19.580 us to be partners on many aspects but when it comes to this it's like this is going to be
00:16:26.540 this could be one of those pressure points that any administration whether it be trump or anybody
00:16:32.380 could use from the united states and in all fairness from canada too because i don't think
00:16:36.620 the united states is unhurtable like i don't think they're they're like just sitting there
00:16:42.940 perfectly protected i think trump likes to talk like he doesn't need canada and who cares and
00:16:48.620 could your army walk in possibly uh i think you do that and the whole world changes i really i
00:16:56.460 genuinely think you walk in the whole world changes and i think economically the united
00:17:02.540 states still does need canada we're a huge huge business partner for many things
00:17:07.180 but yeah that pipeline from east to west would you not see it as essential
00:17:15.820 so here's what i've always here's what i've always said about it and i've been rooting
00:17:19.820 for canada ever since the first time donald trump put your country in his mouth because
00:17:24.380 i thought it was so distasteful and i've always i i get asked this so many times from people in
00:17:32.780 canada because i think about believe it or not probably 30 percent of all of my followers across
00:17:39.980 all social media is actually canadians that's crazy that's a huge that is huge like i have a
00:17:46.460 lot of canadians and it was because i was going to bat for them so much in those early days when
00:17:53.340 when Donald Trump was running his mouth all the time.
00:17:56.340 I would never, now, if I was Canadian and, you know,
00:18:00.780 I think Canada should broaden its ability to trade
00:18:05.580 with all other countries around the world.
00:18:07.840 Well, yeah, which is what we're doing.
00:18:09.620 I think they should.
00:18:11.060 I think they should.
00:18:13.320 But I would say that about anybody.
00:18:14.960 You can't have all your eggs in one basket.
00:18:16.820 Fair, absolutely.
00:18:17.700 The pipeline that you're talking about is a very sensitive thing.
00:18:20.860 And I can tell you as many positives as negatives as I can about it, and really both sides that thing to death.
00:18:29.920 I think the question they need to ask themselves is, is it worth it for this presidency right now?
00:18:37.420 Can you do what you need to do without doing that?
00:18:41.560 Because I'm literally like 50-50 on that.
00:18:44.780 I really am.
00:18:46.160 What are your top three on both sides?
00:18:50.520 It's pro-pipeline, anti-pipeline.
00:18:54.060 Well, so my number one thing is what the Canadians want.
00:18:57.960 That's, I, maybe I'm too American,
00:19:01.200 but I'm always like,
00:19:02.320 whatever the people in that country want
00:19:04.460 is what should happen.
00:19:05.760 That's, I believe that in my country.
00:19:08.000 I believe it in your country.
00:19:09.740 Yeah.
00:19:10.000 And that's why I've even, even myself,
00:19:11.700 I feel a little uneasy.
00:19:13.120 Like, I don't want to sound like I'm telling Canadians
00:19:15.060 what they should do.
00:19:16.180 Sure.
00:19:16.820 Like, so, but of course there's,
00:19:20.520 a ton of environmental concerns and with the,
00:19:24.360 the landscape and the terrain that that pipeline would be going through.
00:19:28.320 Right. That, that to me, that's a huge deal. I've always been, you know,
00:19:33.100 I've always been the guy that's like,
00:19:35.740 we shouldn't have pipelines running through any waterways. Okay.
00:19:39.600 Period. Like that should never be a thing.
00:19:41.780 And I say that as an oil and gas guy and people are like, that's crazy.
00:19:45.320 You can't do that. Like, yeah, you can, you can go around the water.
00:19:48.720 you can figure something out like you know um because if something goes wrong it's so incredibly
00:19:54.440 disastrous and difficult yes yeah yes unbelievably um and you really i don't know even if today in
00:20:02.100 2025 we understand the full impact of what would happen if a massive pipeline burst in lake superior
00:20:09.440 you know what i mean like we think we know because it's happened in the ocean but the ocean is much
00:20:15.900 larger than a river, a creek, a stream, even one of the Great Lakes. And it's so hard to
00:20:22.760 clean up. And it's just, I just think it's gross, honestly, pipelines through waterways. I hate it.
00:20:30.480 Economically, the biggest question economically that I can't decide is a positive or a negative
00:20:35.960 is every time an oil company or the oil industry is going to provide something for the people,
00:20:41.180 It always seems like they're the only ones that benefit from it.
00:20:44.740 So you have to answer the question, does the country of Canada actually benefit from that?
00:20:51.100 Or is it 95% of the benefit go to the oil industry?
00:20:55.500 And if 95% go to the oil industry, how interconnected are they to American investors and American companies?
00:21:03.320 So where's that money going to anyways?
00:21:05.280 Who's really benefiting from that cross-Canada pipeline?
00:21:09.120 Because it sounds like you could be saying, listen, this will maybe help in some way, shape, or form, but it might be drawing tons and tons of money really to American companies that's not helping Canada economically or even when it comes to some sort of economic or resource-based independence.
00:21:30.280 Yeah, because one thing I've seen my whole career, oil companies, they come to town, they deplete their resources, and then they leave, and everyone's sitting there with a mess.
00:21:40.980 And that is simply something that cannot be denied.
00:21:44.600 You cannot deny that that's a thing.
00:21:47.260 And someday, somebody is going to have to pay the price for that pipeline.
00:21:51.840 Yeah, we just keep putting it down the road, eh?
00:21:53.760 Yeah. No matter how much economic prosperity it gives you today, eventually someone's going to pay for it and it's going to be really bad. Eventually. I don't know when that is, but that is a concern. I always try to think about future generations when we're having these conversations.
00:22:10.080 So there's definitely huge potential economic advantages for Canada.
00:22:16.620 You know, just getting sort of off the tit of the United States so much would be huge for Canada because it gives them so much leverage against the United States as well.
00:22:26.200 So that's a huge advantage.
00:22:28.040 And then there's all of the economic disadvantages.
00:22:32.020 And, you know, typically it's – unfortunately, we see it in the United States.
00:22:37.960 we would see it in canada too it's the people that live there that would get screwed that you
00:22:43.320 know no matter how great it is for canada it i just don't feel like that ever trickles down to
00:22:49.560 the people yeah true and and whatever backyard i made this this joke it's not a very funny joke
00:22:55.000 but i made this this statement the other day where i'm like my students like to ask me all the time
00:23:01.000 where do i stand on that because obviously it's been a huge conversation especially because of
00:23:06.360 Alberta and the push from, from that particular government. And I always say, I'm, I'm cool with
00:23:12.080 it. Just as long as everybody's cool with it, going through the backyards of Forest Hill or
00:23:16.060 the backyards of the bridal path. If the bridal path people, which for those who are listening,
00:23:21.500 you don't know, that's an incredibly affluent part of Toronto. If the rich people are fine
00:23:28.340 with it going through their waterways and their backyards and their cottage lakes, then let's
00:23:39.980 have a conversation. But I'm real tired, and this is true in the United States, obviously,
00:23:45.900 I'm real tired of the only place these pipelines ever going through is through indigenous land 0.96
00:23:51.920 or the less affluent societies who have no power i mean i'm assuming for those who remember or 0.98
00:23:59.100 listening that's exactly what i don't know more was all about i mean that's it was supposed to
00:24:04.560 go through a rich neighborhood they said no thank you they shifted it to go right alongside an
00:24:09.980 indigenous uh uh reserve and then this you know every's like oh well now you're just going to 0.70
00:24:15.940 shift where it is obviously you know it's a problem so i like to play that game it's going
00:24:21.180 to go through forest you know forest hill or if it's going to go through bridal path and they're
00:24:25.160 like cool i'll get on side with it danielle smith's backyard cool i just don't think that
00:24:31.120 that's where anybody's willing to put it which says yeah consider the fact that if if not for
00:24:39.560 what you're talking about right now we wouldn't even be looking at venezuela at all right we we
00:24:44.940 have vast oil deposits on both sides of florida off the west and east coast both we're not allowed
00:24:52.680 to drill there because all the rich people with their beach houses don't want to see oil platforms
00:24:57.860 so like we're literally going to go invade another country for a resource that we have
00:25:05.080 but the wealthy people in florida don't want to see it and so what you're talking about has a ripple
00:25:12.880 effect that impacts whole other countries. Yeah. Because some rich guy didn't want a pipeline in
00:25:19.380 his yard. Well, that's fine. We'll just go invade this little country over here and steal their
00:25:23.020 resources. That's how much power that the rich have that I think people don't realize.
00:25:28.540 I also didn't realize, and somebody pointed this out, I obviously did a bit of research in it,
00:25:32.920 that Venezuela was one of the first countries to sit down and negotiate and sort of create,
00:25:38.400 be the architect of OPEC. And I love the way the United States talks about OPEC because they love
00:25:44.500 to call them a cartel. But what I understood when I was doing the research is that Perez,
00:25:50.700 one of the architects, again, president of Venezuela, pre Chavez, learned this from Texas
00:25:59.500 and a railway sort of beef that was going on down there,
00:26:05.220 which there is something so beautifully ironic about it
00:26:10.400 that you're condemning and calling cartel and pointing fingers.
00:26:15.280 Meanwhile, that's the way a bunch of your boys got rich.
00:26:18.080 Exactly.
00:26:19.840 It's amazing to me.
00:26:22.600 Yeah.
00:26:23.020 The U.S. oil industry in itself is a cartel in itself.
00:26:27.040 And yes, it absolutely is.
00:26:29.020 Yeah. It's all about price fixing, right? I mean, you've talked about it very, very well. You've talked about how it needs to be a certain amount per barrel. If it's not a certain amount per barrel, the ripple effects are too grand. And if you start to play with that a little bit, then those OPEC countries are going to set you straight anyways, because they don't want the whole thing collapsing.
00:26:51.320 now do you really think number one do you think he's really going to invade number two what do
00:26:57.800 you think his end game is or and i'm terrified for this answer do you think he just doesn't have one
00:27:04.800 i actually do think he's going to invade i with the amount of stuff we have down there
00:27:14.540 you know military assets for him to have all that there and not invade like i just that just doesn't
00:27:20.480 make much sense to me i think donald trump i don't know if you saw the part of my video where
00:27:27.600 i was like you know donald trump's pointing at venezuelans like oil good go get it like i
00:27:33.100 literally think that's all it is i i don't think he can has the capacity to think about anything
00:27:39.080 beyond that um i i'm dead serious in that uh i don't think it's some grand thing i think he just
00:27:48.700 wants the oil he doesn't know why he just thinks we need it whatever uh and nobody says no to
00:27:55.380 donald trump so that's what i think it is i i really do i have a hard time crediting him for
00:28:02.040 being much of a deep thinker on these issues but there's no way okay so even gaining access to it
00:28:10.920 and trading it i mean i'm assuming what he wants rather than because he i don't really see it
00:28:18.700 supplanting the Canadian supply side, because there's no way that happens in his short tenure.
00:28:25.480 No way. It's not physically possible. Now, do I see him or do you see him trying to mess with
00:28:37.320 either out of ignorance or apathy? Again, equally terrifying.
00:28:42.700 can you see him trying to mess with the cost of those barrels to destabilize something like an
00:28:53.140 OPEC even though and I know what you're going to say it's going to cause horrific ripple effects
00:28:58.520 for his oil industry in the United States because all of those guys don't want him doing what he's
00:29:04.260 doing either but doesn't seem to be stopping him so then the idea that the big oil guys are the
00:29:09.580 ones in the driver's seat? Obviously not, because they've all said, whoa, whoa, whoa, this is a
00:29:14.360 horrible idea. So do you see that? Because I see that in his character, the notion of I can do
00:29:23.900 whatever I want. You think I can't charge $30 a barrel and then put gas prices, and again,
00:29:30.660 not going to happen, but I'll put gas prices back to 1992 levels? Watch me. I don't care what
00:29:38.360 anybody says like do you see that as his goal it's possible and and there's something that i
00:29:45.080 i think a lot of people maybe miss and that is when oil crashes that is not bad for big oil
00:29:53.880 companies that is not bad at all exxon became exxon because of every single oil crash these
00:30:01.960 massive oil companies it's it's horrible for the mid-sized companies and the independents
00:30:06.920 You know, the big oil companies, you know, they'll say publicly it's terrible.
00:30:12.140 This is how they got to be that big.
00:30:14.240 Every time there's an oil crash, they buy up every competitor.
00:30:18.060 They either buy them in bankruptcy.
00:30:20.200 This is consolidating all of that money within two or three companies at the top that are the biggest oil companies in the world.
00:30:27.620 This is what this is.
00:30:29.700 So let's understand there are no bad times for big oil.
00:30:34.120 That's not a thing.
00:30:34.920 there's not a bad day when you're big oil right meat size oil sure yeah big oil you're not i do
00:30:44.440 wonder if if trump's push for opec to increase production so much as they have is because he had
00:30:51.080 other plans to to go after venezuela to put sanctions on iranian oil like i there could be
00:30:58.360 a play there you know what i'm talking about uh 800 000 barrels a day of venezuelan oil off the
00:31:03.160 market right now doesn't matter because he got opec to increase production right and one thing
00:31:09.000 you'll notice is we always do this stuff when oil prices are low our politicians will come out and
00:31:15.000 say iran is funding terrorism we have to stop their flow of oil but they will do absolutely nothing
00:31:22.040 until oil prices are low enough that it's hedged because they're not willing to pay the political
00:31:27.080 price for that right so stopping terrorism the funding of that is really bad or really good we
00:31:34.760 need to do that but we can't do it if it hurts my poll numbers and that's why trump initiated the
00:31:43.160 stiff sanctions on iran after the oil crash of 2018 instead of before and that's why we're seeing
00:31:49.880 what's happening in venezuela right now after oil hit 56 a barrel and not when it was 70.
00:31:57.080 All of these things are timed to dips in oil prices.
00:32:00.480 If you can look at dips in oil prices historically, and there's some type of intervention or
00:32:05.480 sanction or something against an oil producing nation, it's literally how it works to not
00:32:10.160 upset the market.
00:32:11.480 So there's two things.
00:32:14.200 It's like the more I learn, the more I don't really want to know.
00:32:18.800 I know.
00:32:19.600 I tell people that all the time.
00:32:20.940 You don't want to know this, but this is how this works.
00:32:23.040 No, because, yeah, number one, number one, the dip, the lower gas prices, like when the average person goes, cool, gas is whatever, a buck 50, whatever gas happens to be, under two bucks, under three bucks, whatever the going rate is, whatever's impressive.
00:32:43.720 that dip and that savings for me at the pump means something significant is about to happen
00:32:52.880 in the international community a play is about to be made in order to take advantage of that
00:33:01.700 to jockey strategic importance in the international community and horribly enough this is all
00:33:08.320 starting to sound like the oil version correct me if i'm wrong please the oil version or the oil
00:33:19.840 like extremity of the 2008 mortgage crisis in a way we right people with boatloads of money
00:33:31.120 love 2008 you lost your house amazing i can buy them all up and i can get
00:33:39.920 right yeah so so is is that what's possibly going on here are the really big oil guys sitting in a
00:33:47.760 room going no no no keep going keep going because if you crash it i can buy up all of these around
00:33:56.160 me i can solidify a greater level of monopoly and in essence they become closer and closer and
00:34:03.600 closer to the countries that we love to trash talk all the time about having sort of state-run
00:34:12.320 oil the reason why state-run anything is bad is because they have a monopoly that's that's what
00:34:18.640 makes it bad it's not just because the government are doing it it's because it's only one person
00:34:23.120 but we're pretending as though capitalism isn't getting us to the same end result
00:34:29.480 just with a different guy driving that ship am i please tell me i'm wrong no you're not wrong and
00:34:37.060 so there's there's one thing that that will differentiate okay if you see an oil market crash
00:34:43.940 that was instigated. In 2018, Donald Trump got OPEC to flood the market and crash the global
00:34:53.880 oil market. That was something he did directly for a purpose. Right now, he's doing it directly
00:34:58.660 for a purpose. And that purpose is exactly what you were talking about. If you see an oil market
00:35:03.480 crash that is a natural market thing where the economy fell off a little bit and we had too much
00:35:11.840 oil where it's a natural piece of a free market, then that's not what's happening. But when you
00:35:17.600 see an oil market that is intentionally crashed, that is exactly what's happening. It's to go
00:35:23.460 after someone else when they're weak and when we can afford it in polling numbers, basically.
00:35:31.720 That is exactly what it's for. Right. So when he hikes up,
00:35:36.720 you know he's shooting at boats that are never making it to your shore advocating for invasion
00:35:44.040 attack taking back our oil right i love i love that i love wait a minute that was ours um
00:35:52.060 it's so funny because after i spoke about venezuela even though i did it imperfectly
00:35:57.540 everybody's like cool do guatemala next do guatemala do well not when it comes to oil just
00:36:04.620 the idea about how the United States has been incredibly tactically powerful of allowing their
00:36:14.260 companies to infiltrate markets, control economies, and control whatever natural reasons. Guatemala
00:36:19.760 might be the United Fruit Company or whatever. The company doesn't matter. But I do think that
00:36:27.920 there's everybody's interested in seeing that sort of that backstory but the funny part is is that
00:36:34.840 they think it's backstory but what you're saying is it's just the prequel like
00:36:40.640 it this is just we're we're in you know we're in the last nine star wars but don't worry more
00:36:47.980 getting written like it's just it's a never-ending story here yeah i mean it's it's a win-win for
00:36:55.600 that politician you you get to drive down gas prices in the united states and americans are
00:37:01.680 very sensitive to that uh they're always for no matter what they do to the oil industry the oil
00:37:07.500 industry always forgives them so that doesn't matter but then you get this opportunity to
00:37:12.000 stop the flow of oil out of whatever country you don't want to be flowing oil right now like and
00:37:17.700 it is a huge power play it's it's like a move in the game of risk you know it's that's literally
00:37:23.980 what it is but nobody like realizes that like people don't understand that for exactly what
00:37:30.660 it is and that is exactly what it is it's not just about gas prices why do you think and this is this
00:37:36.940 is obviously a part of it but why do you think there is nobody articulate enough intelligent
00:37:45.420 enough and let's be honest charismatic enough to have this conversation in front of cnn
00:37:50.120 in government yeah or on the other side on any side i don't care who it is
00:37:59.900 uh i think they're out there maybe they're afraid to talk about it i don't know
00:38:06.400 i i you know people that i know in my circles that do what i do we have these discussions
00:38:13.080 privately but you're right like nobody ever talks about that in public spaces on cnn or just you
00:38:19.540 know, it's just not a thing. Um, but I don't know why I wouldn't have any problem saying it on CNN.
00:38:26.440 Well, this is what I'm saying. And I also think there's this vested interest about it being,
00:38:31.660 um, incredibly difficult to understand, you know, um, last conversation we had, you, you did a
00:38:38.320 fantastic job about talking about the, the regions and the zones and who is connected to what and
00:38:44.100 how, and then, and then again, talking about Canada and what the investment is in here and
00:38:49.000 what Canadians have invested in there and how it's all so incredibly intertwined and you make
00:38:54.720 it that way and you make it confusing and nobody's willing to put it on the line because my worry here
00:39:02.620 is it doesn't matter who's driving the truck or the boat or whatever metaphor you want to use
00:39:11.900 because they all are irrevocably tied and linked to those power structures that exist.
00:39:20.480 So nobody wants to unwind any of that.
00:39:27.300 Yeah. And another thing, people not talking about that, I think they fear sounding like conspiratorial.
00:39:34.500 but also if i was to say donald trump crashed the global oil market to stop the flow of oil
00:39:42.140 out of iran people would say i'm an iranian sympathizer or something you know what i mean
00:39:46.740 like they can hit you in the face with that um and you know i personally don't have a problem
00:39:54.600 stopping the flow of oil from iran you know but when you're talking about doing it to seize a
00:40:01.140 nation uh that's a different story when you're talking about venezuela that's a bit of a different
00:40:06.940 story so you know uh i think there's a lot of stuff there that gets into why people don't really
00:40:13.940 want to talk about that because especially if they're viewed as as an expert or an analyst or
00:40:18.620 someone that knows something the minute you start sounding conspiratorial you're done you know uh
00:40:25.540 not in this administration you get a cabinet post yeah no yeah you're right about that i could be
00:40:31.560 the secretary of energy possibly but just say the right thing mr global just say the right thing
00:40:36.760 because people will say well is getting rid of maduro a bad thing yeah sure you know yeah that's
00:40:45.200 and that's what some people came at me with right it's like i'm like yeah but you're missing the
00:40:49.180 point. I never once said, yay, dictatorship. That's not the point. If you think for a minute
00:40:56.000 that any level of any government, to be honest, any government, I think it's hysterical when
00:41:02.920 people believe that any head of state of any nation is doing something because it is right,
00:41:12.180 not because they're going to get something. I think that level of, there's no conspiracy
00:41:18.420 about that. It's simple. I'm not going to spend money if I'm not going to get money. And I know
00:41:25.460 all the justice in the world isn't going to drive me to do something that I don't see I'm going to
00:41:33.820 get something from. And by the way, that includes civil rights activism that goes on in your own
00:41:39.800 country nobody's ever doing it never you're never changing laws ever preemptively until it's costing
00:41:48.580 you something now right just not nobody's doing that yeah and that's my thing if someone said is
00:41:56.220 getting rid of maduro a bad thing i would say uh well it's not it's it's the reason why like you're
00:42:03.540 not getting rid of maduro because you have a problem with maduro you're getting rid of maduro
00:42:07.580 because he has something and he's in your way and you want it if he didn't have that you would allow
00:42:12.880 maduro to be there until the day he dies and you would allow the next person to be there too
00:42:17.060 if it's just like north korea if north korea had a vast amount of oil what would we do with kim jong
00:42:23.880 right like right that him and that family however all that will work will probably remain in power
00:42:30.040 because they don't have anything that anybody wants to go kick him out of power and that's
00:42:34.500 they only differ, you know, this isn't some, oh, well, you know, we don't like dictatorships. We
00:42:40.740 want democracy. You know, it's not that. It's you want somebody's oil. It has nothing to do with
00:42:46.180 freedom or any of that, any of the buzzwords. It's they have something you want and you're
00:42:50.800 using that as an excuse. That's the issue I have with it. And I think what the problem here is,
00:42:57.620 you know, is that both sides of the aisle have to admit they've done it and they continue to do it.
00:43:03.200 So in order for them to name it, they can't name it because they've all done it in one way, shape or form. And so, you know, my students will talk about the Cuban Missile Crisis. We'll talk about Castro. We'll talk about who was in power before Castro. And they'll be like, wait, wasn't he a horrible dictator? Like more research. Batista doesn't seem like a good guy. The United States liked him, but he was a dictator.
00:43:29.320 and then they said they didn't like Castro because he was a dictator. I'm like, well,
00:43:32.900 that's not really the reason they didn't like Castro. Right? They didn't like Castro because
00:43:38.860 they took away all their money and all of their land and resources. But when kids are just
00:43:46.160 genuinely confused, they're like, we don't get it. I'm like, yeah, you do. You just don't want,
00:43:50.500 like, I understand not wanting to get it. My question, I mean, unfortunately, again,
00:43:57.140 know the answer to this but i there this can't stop it won't stop on any anybody's watch
00:44:08.260 it just takes a different form and a different pr statement and you know talk from the oval office
00:44:19.220 kind of and i don't haven't people know me well enough to know that i'm not trying to make space 0.99
00:44:24.660 for donald trump here but he just he just says it with all the crass and stupidity that makes it easy 0.98
00:44:33.620 to point to and say that's disgusting but many a president have said the exact same thing with a 0.99
00:44:40.740 better cadence to their to their messaging yeah uh more well-spoken presidents and as long as
00:44:50.260 as as long as we are dependent on oil globally we are going to go take it from whoever has it
00:44:58.140 until the end of time like there's there's no stopping that no matter who has it someone's
00:45:05.000 going to go take it and that's sort of the the the issue with us not being able to develop
00:45:13.280 something to replace it you know right but yeah as long as we're on oil whoever has it is
00:45:21.000 eventually going to run out and we're going to have to go take it from somebody else like that's
00:45:24.460 just that's how it's been since the beginning of time and that's how it's going to be until we're
00:45:29.120 not on oil or until we're not on oil at the extent we are and we're using a lot less of it
00:45:34.680 do you see and i'll and i'll you've spent tons of time with me today so i really appreciate but do
00:45:40.860 see an end to when we're on oil considering the reserves we have i mean you you hear some people
00:45:48.220 say you know it's a finite resource we're gonna run out we're gonna run out i don't every five
00:45:53.740 seconds everybody's like we're gonna run out and then they're like venezuela has more oil than
00:45:57.340 ever been seen before i'm like are we running out soon or was that not true so here's the thing we're
00:46:05.420 not yeah we're not running out of oil what uh so in the united states right unconventionals
00:46:11.820 shale oil you're familiar with this right yes when when we drill and frack and complete a well
00:46:19.100 at the end of that well's life we've probably not even recovered 20 of the oil that's there in the
00:46:25.900 ground so the technology will be developed to go get the rest of that oil so when you
00:46:33.820 see a huge oil field that's dried up it's not dried up our abilities our ability to get it
00:46:39.740 has run out uh and i never discount the ability of technology to just change the whole game and
00:46:48.700 i've seen this throughout my whole life every time you know well we're about to start running out of
00:46:53.420 oil peak oil before you know it and the peak oil people were exactly right except they discounted
00:46:59.900 the new technology right right like peak oil would have happened exactly when the doctor said
00:47:05.900 it was going to happen but he didn't know how horizontal drilling and hydraulic fracturing was
00:47:10.460 going to be a thing if he would have known that he would have said something else so i think
00:47:14.780 technology is always going to lead us to the next thing but at the end of the day like i said we're
00:47:21.580 always going to go get someone's oil as long as we need it until technology gets to a point where
00:47:27.660 nobody has to worry about it anymore so mr global there's too much can i ask you a light-hearted
00:47:35.660 question before we go yes okay i have a question okay if armageddon was actually happening and a
00:47:44.060 meteor was coming towards earth would you be in the top five guys to go as the astronauts to that
00:47:52.300 thing drill down so you could blow it up are you willis is the question i'm asking
00:47:59.660 i don't know if they would pick me but i would absolutely go i would yeah
00:48:05.740 bruce willis level game is what i'm asking you or that guy that drives the bobcat like i'm just
00:48:10.860 asking like steve buscemi was there too so if he can do it i can do it like i'm not trying to
00:48:16.780 compare myself to bruce willis but i would certainly stand next to steve buscemi
00:48:21.980 perfect just i just need to know and you did mention earlier that if you moved you know you
00:48:28.540 said something like i'm not a canadian but just so you know you're an honorary canadian with me
00:48:34.780 and anytime you want to roll up here we'll we'll carve out some area just for you maybe give you
00:48:41.740 a cabinet position. I get emails from Canadians every day. This is what I'm saying. You'd be very
00:48:50.840 much loved and appreciated. But thank you so much for coming on and on such short notice too. So
00:48:57.500 this is going to drop on Tuesday. I appreciate you. I appreciate your intelligence, your intellect,
00:49:03.540 your drive, your platform, and tell everybody where they can find you before you log off.
00:49:09.560 uh i'm mr global on tiktok and facebook and youtube and i am mr global or i am matt randolph
00:49:19.340 on substack where else am i i'm on threads i'm on instagram uh i'm uh forbes uh forbes
00:49:28.720 contributor i write energy articles for forbes so if you're interested in reading about energy
00:49:33.020 articles uh search matt randolph forbes you'll find me there uh that's pretty much everywhere
00:49:38.360 i'm at so well it's pretty much everywhere that's all the places there are as of right now but thank
00:49:46.040 you so much for hanging out i loved it i enjoyed it it was fun talking me through uh and anytime
00:49:52.840 you want to correct me hon you can come on and correct me i'm 100 with that and for everyone
00:49:59.400 everyone that's listening thank you so much for hanging out with us and i will see you
00:50:03.480 next Tuesday, same bat time, same bat channel. Dismissed.