"Russia can't sell oil, the money runs out, and the war ends." It's always more complicated than this, and you always do an excellent job of explaining how. Thanks!
@@Felix28Blessed If they sell it for cheap, their profits are much lower, which has the same effect, just not as strong. (its also much more expensive to ship oil and gas to China rather than Europe)
I so LOVE this channel. Complex issues reduced to understandable information without condensation. Love the humor, and oh my, the lines, I love the lines on the map.
Yep. And this is how Ukraine will take down Putler. Economically. Only a matter of time. Putin is then deposed and then the invaders will retreat to Russia.
chatgpt: "Dutch Disease" often sees a spike in interest around March because that's when many economic reports and analyses are released, including those related to oil and gas industries, which are commonly associated with Dutch Disease.
Chat GPT is still pretty dim. The reason there's an apparent spike in searches for "Dutch Disease" around March is actually because that's when symptoms of Dutch Elm disease in trees starts becoming noticeable. So, blame it on the arborists.
It was dumb to use the dollar as a weapon of war in the first place! From the start we should have made it clear with force that the invasion was unacceptable! IMO
@@Gametheory101 All of these explicably caused spikes would be dwarfed, however, if Taylor Swift or Beyonce were to drop a song with a lyric mentioning Dutch disease -- for ex., likening her overreliance on or obsession with a particular guy to her own personal "Dutch disease".
"Dutch Disease" isn't imposing enough. It sounds like something you'd get from persistent bike strain. They should call it something like, “Spiraling the Nether” - give it a real flavor of doom.
The Germans agree: "Man soll das Fell des Bären nicht verteilen, bevor er erlegt ist" Kind of funny, though, that the German version is more liberal than the Dutch one... ("should not" vs. "must not") 😆
Dear mr. William Spaniel, Gazprom has recently announced a financial loss of 7 billion for the year 2023. Since this is for the period before ukraine started hitting russian oil industry on a regular basis, i'd like you to make a video about how this will affect russia in 2024
Last I checked, the US never directly said to not target oil refineries it has stated multiple times essentially that “ whilst we don’t recommend this action, we won’t disapprove of it either”
The March bump on your Dutch disease video coincides with international political science and economics classes topics and paper preparation at universities. All students hope for a video to save them from (careful) reading of assignments. That’s my hypothesis, at least.
India had already stopped buying Russian oil, mostly, because of the threat of secondary sanctions, and because they could get oil almost as cheaply from much closer suppliers in the Persian Gulf (with no Red Sea problems). And NO, Russia can't repair much of anything not only because the parts come from the West, but because the people that built and maintained their petroleum industry were mostly from the West, and they have left and won't come back. And refineries are complicated things.
Yea that’s what a lot of Russian supporters seem to think. They appear to be under the impression that you can just jury rig refineries to work if you don’t have the proper experience
A lot of their experts indeed came from the west but not all of them. Not to mention that a lot depends on where exactly the drone hit. Refineries are somewhat easier to repair on average, because a lot of the area is made of stuff that while important to make refinery operational is not that difficult to repair (pipes and stuff). Plus if need be there are specialists in Kazakhstan and other countries that might provide some assistance with knowledge for the right price and they don't have to be on site even. But yes, if a component that requires a lot of expertise plus foreign parts is struck - then it will be difficult for Russia to repair it quickly.
@@jannegrey593 im pretty sure it took 6 months for one of the refineries struck a long while ago to be back to functional not full capacity but functional and refining, meaning you could kill the russian energy industry faster than it can repairs refining who the fucks waiting for russian gas and oil when the middle east is right there
India is always working in its own interest, but having a strong US counterweight to China is absolutely in their interest. India is traditionally a large Russian Arms purchaser, and often hasn’t been a fan of US relationships with Pakistan. Ultimately as Pakistan has moved closer to China and the Chinese Indian border disputes antagonize their relationship, India is navigating a very interesting version of Real Politick
@@Spanner249 India is buying 1.4 million bpd from Russia and selling the distillates to the EU. I do not see how people can claim that India is siding with the EU or US. In fact, it seems to be moving away from the US as the State Department is meddling in its elections as it does in all elections.
March is the start of tourism season in Holland and people are worried about catching dutch diseases while over there so every march we see a spike of confused and mildly annoyed new viewers
Close but not quite. The surge is a result of college students getting back from spring break and trying desperately to figure out what that rash is. There's also a surge in searches on sex blindness and horse hair toxicity... whatever that's about!?!
@@isakgronkvist5871 It also likes to mention something as if the aggressor orcs are the one's 'under attack' and it got 13 likes right away. So either disgusting orcs or an orcbot, all the same to me though just imagine me pointing and laughing at them... loudly 🤷♂
@@Gametheory101 7:01 - The easter egg, your book inserted next to Elvira Nabiullina in the photo. Good joke. I checked Kriminalin's homepage, unfortunately she didn't have the book in the original photo. It would have been wonderful if she'd had. Thanks for all your videos, always informative and instructive. Cheers from Denmark
Generally, no single factor is going to determine war. Sanctions might not be as effective as hoped for, but every little bit adds up. You know how it goes - slowly at first, then all at once, when shit collapses.
And those of us outside, or the regular Russian person, will not see the deterioration on the inside but only the final collapse. It was the same with the fall of the Soviet Union. It surprised the wider world but the rot had been growing sight unseen to us.
When Ruzzian petroleum industries are a trending topic, YT AI triggers a wave of referrals to that video on Dutch disease. The latest spike is driven by the sudden tsunami of Ukrainian hits on refineries. The previous one was around a crash in oil and gas prices, which is having a massive impact on the retail price of fuel in the U.S. in both directions (both during the crash and the rebound.) This in turn is becoming a central topic in the Biden v. trump saga.
Not so ... Russian refined fuels exports was not that big. See were the locations are !! Not quite super-tanker spots. And gasoline is not typically piped over large distances. Regional sales were supported, like to neighboring countries (and those are many), but crude is the main Russian fuel export. Important though: no refineries: no gas at the station: angry people! No kerosine for planes, no diesel for trucks ... no logistics and all halts!! Now: it grinds! Good shots by Ukraine!! Putin just needs to snap his fingers and retreat from the military operation...
@@nas4apps I was speaking of the recent spike in views of the old Dutch disease video. However, it is unquestionably the case that U.S. retail fuel price increase correlates with the refinery hits. The petroleum market is global. Every barrel of anything that Moscow has to keep for itself that would have otherwise been sold to e.g. India, is a barrel India has to buy from someone else, which would have otherwise diluted the global market price.
@@nas4apps True that's emotional, but another truth is that it's dominated by North American price speculators who own or control massive storage facilities which they deploy for use in controlling wholesale prices. And they also tend very strongly to a particular political party which happens to not hold the White House or the U.S. Senate at the moment....
not really, its impacting russian diesel and gasoline prices inside russia but its creating a bottleneck of excess russian crude which they have to sell on the international markets to chinese and indians at a deeper discount than the 30 percent they are giving them currently. it doesnt affect crude supply, but rather diesel and gasoline supply inside russia. also affects russian jet fuel because its a by product of gasoline production. you see the russians dont have the western experts or parts anymore because they left and because of sanctions. so if russia turns off its drilling pumps, there is a chance they wont start up again and its expensive to turn pumps off. as well if you turn off your pumps too long and it turns into winter, the pipes freeze and crack and takes a long time to repair and its very expensive. the russians found this out in 1990 when they shut off their pumps and they froze and cracked all their pipes and it took 20 years to repair it all with exxon mobile experts. its why when russia lost 82 percent of their gas sales to eu by pipeline, they didnt stop pumping gas but they burned it. because if they turned off the gas pumps and the pipes froze and broke they cant fix it. so russians just burning their gas cuz they cant sell it to anyone else right out of the well head.
Gazprom just reported a $7B loss down from a $31B gain, so a total loss of $38B. How was that not mentioned? That would suggest huge numbers of customers gone. Oil r efineries have nothing to do with NG.
NG is hard to transport because you need to convert it to LNG when transported by sea. Pipes like Nord Stream are a very cheap way to transport gas. iirc Russia has only one LNG terminal which been hit. Europe was the biggest customer. Russia has to burn off the surplus or risk being unable to restart. Not surprised they made a massive loss.
Washington's fears of higher gas prices has been misplaced. They never asked where the distillates were going, if they did, they wouldn't care. Few want the distillates because they can refine the oil themselves, get the value added, the fractions they want, export the surplus. Doubly so if you can get the raw material for cheap, lowering gas prices. However, secondary sanctions would increase the price, so the allies are taking the $70 win, letting the foreign refiners pocket the difference. We haven't factored in who is paying for transport and smuggling overhead. I wouldn't be surprised if Russia is paying, as China/India has taken Russia to the cleaners from the start.
Groningen was pronounced rather well. Our pronounciations of "g" and "ng" (both are very different from eachother) are unique (and therefore difficult) in Western languages. Its funny. People laugh at German (the language of Germany) for being 'ugly', but in a day-to-day sense, Dutch is rougher than German. "How are you" in Dutch is "hoe gaat het me je" and in German its "Wie geht es dir"
Appearently dutch disease is studied in universities/schools in march. So any Dutch disease search might have a spike. But especially you might be in recomended list for several teachers.
A deep dive into the corollation to Alaska. And a projection for Alaska as a State, would be interesting. Starting out as a raw materials extraction colony, moved into territory status, discovery of gold led to population boom, moved into statehood, followed by petroleum industry finds and development leading to further population boom, growth in services housing etc. Now there is a demand to eliminate oil extraction in the 49th State while continuing to do so in other states. Alaskan economy is oil, timber, fishing, tourism, military defense bases, air transport of goods and to a lesser degree mining. There is virtually no manufacturing or value added processing.
The unit shown at 45 seconds looks like a CCR, Continuos Catalytic Reformer, or Platformer. It converts Naphtha in gas form to hydrogen and high octane molecules that are used for hydrogenation of the diesel and to boost the octane rating of naphtha to turn it into gasoline. (Yes, it's actually a little more complicated, but I'm not writing a book.) Striking that unit would not completely stop production in the plant, but it is a very valuable piece of kit.
For YEARS. They also don't have the tech to produce quality gas, so they will start producing Ru low quality, which will burn out all new car engines. After this war, Ru will be a third world.
There was unconfirmed talk of domestic fuels getting reduced in octane content and environmental metrics to something like E3 or lower. Given that cars and parts are significantly more expensive now, and the double whammy of a recent report that over 40% of the oil on the market is counterfeit, that could really hit the people hard in a couple of years. Just to look at the numbers here, my uncle's car is around 50% more expensive if he sold it right now than it was brand new when he bought it 5 years ago.... People simply won't be able to afford a new car if the engine on their old one gives out. Sure, will take a few years for that, but we are in the third year of the so-called "SVO" here, with no sign of it stopping.
Thank you. I didn't remember which Apollo mission it was but I knew it wasn't Apollo 11. In case anyone cares, the rover wasn't included until Apollo 15.
Huh, as a German I've never heard the saying about washing fur without getting wet, but after some googling I found that it does exist, so I can't fault you for that lol
The explanation you gave for "Dutch Disease" is very similar to that of the "Cantillon Effect." After a quick google search I found that indeed what we know of today as Dutch Disease was articulated in the special case of a gold mine in Cantillon's Essay on Economic theory. Interesting stuff!
Algorithm favours videos a year or two years old, because it picks up on that (on the topic of war) videos are more relevant 1 year after publication that 6 months. Could make sense. Seasons are relevant for (some) videos, enough that an algorithm just starts recommending and seeing if a video is relevant one year on
A strong currency does not hurt manufacturing, for when you can import cheap resources, you have a competitive manufacturing sector. It does however hurt resource extraction. If people import too much made goods you slap on some tariffs.
ur views are spiking cause ur an amazing channel, u should have 10mill subs, not 600k, lines on maps, and at the same time u give us the news, with no bullshit, not too long, not too short
Theory for Views: The Topic of Dutch Disease is part of a curriculum for Economics/related topics of a given country. So it is being taught at the same time of the year to the current grade. The Active searching for the Topic also could incentivise the Algorithm to show it to other people, resulting in the large spike in views.
I read a story about how the Koreans have started cracking down on Russian sourced Naptha. Refined products are now stranded off the coast of Oman. It's unclear if this Naptha is from Russian refineries or from third parties using Russian crude for feed stock. There seems to be a ramp up in pressure on distillates even if the drone attacks are frowned upon. Confusing...
As for the manufacturing and service sectors, you could mention the population drain. Not just people leaving but the people being fielded and killed. Fewer workers pay goes up, inflation, fewer workers pay goes up. I am also wondering about the effect of flooding Russia with counterfeit rubbles, it should be easy enough to get them in through Belarus.
I always thought Dutch Disease came from the Tulip Mania that raged in the 1600s, where Dutch tulips grew so expensive that they essentially formed a bubble that eventually popped the entire Dutch economy.
The lunar rover fender repair occurred during the Apollo 17 mission, not Apollo 11. Apollo 11 did not even carry a rover - they were only present on 15, 16, and 17.
OMGosh ! Elvira Nabiullina has a copy of how Ukraine has survived the Russian attack ! I hope your book hasn't given them new methods of prosecuting this war to their advantage. That is very serious news William.
You forgot about the fact that due to Greace’s oil tanker’s lobbying the price was set at 60 dollars per barrel instead of 50 which was the original goal that would have hurt Russia way more and would have caused a lot more trouble getting the economy going…
I think Ukraine's attacks on the fuel infrastructure are justified and correct. And it won't likely end the war, but it damn sure makes it more difficult for Russia to fight it, especially politically. For me the Easter egg was Pootler in the Hockey suit, because I know what happened shortly after that, when he ate red carpet. Not sure if that was the one you were talking about, though...I will see when I get to the end of the vid. Har, har, the Rover fender fix/rocket science, pretty sure this is it. Not much of a stretch for a retired aerospace engineer. It is actually missile tape, though. Kind of just the duct tape of champions. In my day, it was an olive green. It was really impressive stuff, actually. In today's consumer comparison, think Gorilla tape, on steroids. Better, stronger material, intensely strong adhesive. That tape there looks as if it may have been foil backed, another form of it. Damn, got it wrong both times, I should have been thinking from your aspect, not mine. :-) Oh, that troublesome bias! That's one of those, "You've seen that about a thousand times now, John, do you think you might ever incorporate it? I can be a lot dense.
I live next to an Oil Refinery. A few years ago, it had a major over haul, which took 3 months, but only because they had the manpower and the work was in three shifts. So 24/5. Yep, they had the weekend off. Oh, and also parts where needed. So unless Russia has trained workers and the spare parts they need. They will keep loosing more then they can repair.
When I hear "Dutch Disease" I first think of tulips and the boom and then bust of the tulip bulb market in 1637. Recently the Netherlands announced they would not be buying Russian gas, so this video is quite contemporary with what is happening in Russia today.
video spike theory, I would say this might be related to f1, Max Verstapen, the reigning champion for those years, is dutch, the start of the f1 calendar is in march, I'd guess new viewers were like "where is Dutch?", cause not everyone knows about the Netherlands. They google it and then get a prompt about a dutch disease video and watched it. my best guess.
In the spring (Mar) people start to notice their Dutch elm trees have fewer branches & weak leaves They look up Dutch Elm Disease or maybe just Dutch Disease.
Not if you ask the Vatniks. Anyone not concluding that russia is invincible is "hopelessly biased and living in a dream-world." I often see such comments on videos in which the presenter has said "this and this is bad for the Ukrainians" and "this and this is bad the for russians".
@@karsten11553 today I learned what is a "Vatnik". Yes indeed, there seem to be these people and it is very ironic how this propaganda is effective even when there has been a huge miscalculation and heavy operational failure. Even considering recent Russian advances, they are at HUGE costs, both of life and weapons/ammunition.
Would love your geopolitical analysis of Israel's current policies, military strategy (assuming they actually have one besides bombing everything) and what they hope to ultimately achieve. And the bigger implications for the US and Europe globally.
Thanks for the video! I am from Russia and I am not familiar with the phrase about fish from 9:39. The closest we have is 'without work you won't catch fish from the pond', rhymed in the original (без труда не выловишь и рыбку из пруда).
The "dancing red dot" at the beginning of the video is quite complementary to your 'lines on maps.' Enjoy your works and keep up the fine videos (and books).
You pronounced Groningen pretty well. Us Belgian Dutch speakers consider the Dutch to butcher their own town's name anyhow 😂. But I love my Dutch neighbours nonetheless!
I'm guessing the meaning of the cake phrase is that a cake is a beautiful work of art thus you can't have that beautiful thing while also enjoying the consumption of it.
I really wish this man, Putin, would be big enough to realize he was wrong to attack Ukraine. Too many young people have died. As a disabled US Vietnam Veteran, this war breaks my heart, as does the one in the Gaza Strip. The Bastards that start these wars never pay, only the little people do.
