How Ukraine's Refinery Strikes Destabilize the Entire Russian Economy

Подписаться 593 тыс.

Просмотров 442 тыс.

50% 1

Check out my book "How Ukraine Survived": amzn.to/47gnlEf. You can also read it for free by signing up for a Kindle Unlimited trial at amzn.to/3QMsBr8. (I use affiliate links, meaning I earn a commission when you make a transaction through them. Even if you read for free, you are still supporting the channel.)
Ukraine's targeting of Russian oil refineries raises deeper questions about the Russian economy. Today's video looks back at the "Dutch disease" problem that Russia faced at the beginning of the war, how the Russian Central Bank resolved the problem, and how Ukraine's new strategic bombing campaign puts it back into focus.
0:00 Ukraine's Refinery Attacks and Russia's Economic Position
1:34 Russia's Dutch Disease Problem
5:27 The West's Obvious Sanctions Strategy
7:53 The West's Actual Strategy
12:25 How Russia's Economy Has Survived
15:27 Ukraine's New Economic Pressure on Russia
16:58 Implications for the War's Near Future
The appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.
Media licensed under OGDL (data.gov.in/sites/default/fil...
By Prime Minister's Office:
pib.nic.in/newsite/photo.aspx?...
Media licensed under CC BY 4.0 (creativecommons.org/licenses/...
By Kremlin.ru:
tours.kremlin.ru/tour/senate
en.kremlin.ru/events/president...
en.kremlin.ru/catalog/keywords...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
kremlin.ru/catalog/persons/67/...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
en.kremlin.ru/catalog/regions/...
en.kremlin.ru/events/president...
en.kremlin.ru/events/presiden...
kremlin.ru/catalog/persons/67/...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
kremlin.ru/catalog/persons/67/...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
en.kremlin.ru/events/president...
en.kremlin.ru/events/president...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
en.kremlin.ru/events/president...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...
kremlin.ru/events/president/ne...

Опубликовано:

17 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 981

@SawedOffClown Месяц назад

The reason for the consistent spike is that is when Econ 102 students are introduced to dutch disease and look it up before the midterms Your welcome

@jabloko992 Месяц назад

*You're welcome

@mightywurlitzer Месяц назад

Well done sir 👏

@paddington1670 Месяц назад

youre* god damn college students

@kingace6186 Месяц назад

It is a smart decision to use William's videos for studying.

@Lotusblue234 Месяц назад

😳😂 Damn you're probably right tho! 💀

@dylandarnell3657 Месяц назад

"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 Месяц назад

But they sell to china for cheap

@Omega0850 Месяц назад

@@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)

@sylviamaresca8852 Месяц назад

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.

@govinda102000 Месяц назад

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.

@concernedcitizen780 Месяц назад

Russia would be at war if they had no money.

@sechran Месяц назад

"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.

@ttcc5273 Месяц назад

Stroopwafle Death Spiral

@gideonmele1556 Месяц назад

Dutch Doom Drain

@casnimot Месяц назад

"Spiraling the Nether" - Depending on the industry. It could also go "Brown-Chicken Brown-Cow", if you know what I mean.

@JoeyP946 Месяц назад

as a dutch guy when I first heard Dutch disease I was thinking of an STD. I'm glad it's not

@k3v1n73 Месяц назад

how about neder-fucked?

@okn654 Месяц назад

Danish version of having your cake and eating it too: You can't sell the fur before the bear has been shot

@Gametheory101 Месяц назад

That’s grizzly

@jeroenslaghout Месяц назад

That's cool, we have exactly the same saying in the Netherlands. "je moet de huid niet verkopen, voordat de beer geschoten is."

@HaukeLaging Месяц назад

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") 😆

@human4116 Месяц назад

You can sell produce before its been harvested

@jonathangrenier104 Месяц назад

Same in french

@mrmoyd3072 Месяц назад

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.

@Gametheory101 Месяц назад

That would make sense!

@tacotown4598 Месяц назад

Chat GPT being smart is wild

@brewswillas6635 Месяц назад

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.

@ItchyTrigahFingah Месяц назад

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

@MattBellzminion Месяц назад

@@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".

@hazardousmaterial5492 Месяц назад

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

@rkirby7183 Месяц назад

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.

@damonedrington3453 Месяц назад

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

@jannegrey593 Месяц назад

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.

@augustuslunasol10thapostle Месяц назад

@@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

@Spanner249 28 дней назад

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

@VangelVe 26 дней назад

@@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.

@lorenard993 Месяц назад

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

@Robbiebert14 Месяц назад

Hahaha really?? That's so funny! I was very curious but that makes so much sense! 😂

@Dead-Not-Sleeping Месяц назад

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!?!

@velisvideos6208 Месяц назад

That's crotch disease.

@andrewharrison8436 Месяц назад

That's actually a testable hypothesis - do the number of downvotes surge as well?

@unduloid Месяц назад

Dutch disease = starting to like Heineken.

@BVH495 Месяц назад

as a dutch person, apology accepted

@dfsilversurfer Месяц назад

🤣🤣 Thats funny . Its great your able to move on with an apology, i fear if it were called american disease they'd be asking for reparations . lol !

@karlrambo2987 Месяц назад

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.

@stargazer-elite Месяц назад

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”

@MrWhitmen1981 7 дней назад

It’s election year, if the Democrats win then go ahead. 😂

@tetrazene3876 Месяц назад

A great pairing with this would be Perun's "Why wartime economies don't collapse (until they do)"

@oohhboy-funhouse Месяц назад

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.

@augustuslunasol10thapostle Месяц назад

India has stopped buying russian gas and oil for a while now

@ulvitron Месяц назад

I really appreciate the quick, but not rushed, video explaining the stratigic goals of Ukraines attack. Thank you

@isakgronkvist5871 Месяц назад

IT HAS GONE 2 MINUTES SINCE RELLEASE YOU COULD NOT HAVE WATCHED THE ENTIRE VIDEO IN THAT TIME

@sleepybokchoy Месяц назад

@@isakgronkvist5871🗿 unless he watched it at 5x speed, it’s called multitasking

@MarvinWestmaas Месяц назад

@@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 🤷‍♂

@ronp2644 Месяц назад

@@isakgronkvist5871lmao 😅

@Apollonos Месяц назад

@@isakgronkvist5871 You haven't heard of Evelyn Wood Speed Watching?

@angmori172 Месяц назад

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.

@pastForgetting Месяц назад

Tipping points are like that.

@systemchris Месяц назад

Everything happens slowly until it happens fast

@flipw3605 Месяц назад

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.

@ericbabich Месяц назад

Hmmm I think we in the west are deluded, Russia production outpacing every nato nation combined and 100,000 fresh Russian troops about to enter the fry, if Russia secures Donbas there are a lot of rescources there, might even be a big factor in the offensive itself

@TheSkyGuy77 Месяц назад

It's always slow change until it goes down real fast

@no_rubbernecking Месяц назад

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.

@nas4apps Месяц назад

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...

@no_rubbernecking Месяц назад

@@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 Месяц назад

@@no_rubbernecking 👍 ... markets are emotional. Those Russian quantities are unlike Houston or Rotterdam, much smaller...

@no_rubbernecking Месяц назад

@@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....

@giovanni-ed7zq Месяц назад

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.

@ReadableLetters Месяц назад

You did pretty good on the pronunciation of Groningen

@ronald3836 Месяц назад

Agreed. But I was hoping he would try to pronounce Slochteren.

@Gametheory101 Месяц назад

Hard pass on Slochteren!

@larsrons7937 Месяц назад

@@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

@C4Vendetta Месяц назад

@@Gametheory101Slo-GGGGHHHGGHH-teh-ren, you can do it I believe in you

@paperandmedals8316 Месяц назад

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.

@vovin8132 Месяц назад

It's almost like less natural gas is consumed when the winter months end

@oohhboy-funhouse Месяц назад

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.

@paperandmedals8316 Месяц назад

@@oohhboy-funhouse no shit, hence the massive cash loss.

@ForageGardener Месяц назад

@@oohhboy-funhouseburning off NG doesn't cause a profit loss. Lost sales, or insufficient prices, or capital expenses do

@mishmohd Месяц назад

Q1 is for the streets

@markuskristersson4663 Месяц назад

Thank you Spaniel for keeping us updated on current events regarding the unjustified war in Ukraine.

@christophorfaust2457 Месяц назад

Excellent analysis! Clear, to the point, and most rewarding, says, “we don’t know”, when we don’t know!

@jackthatmonkey8994 Месяц назад

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"

@user-te7rf8ik7z Месяц назад

17:35 The pic is not from Apollo 11. The 11 didn’t have the rover.

@Malignant88 Месяц назад

I'm from Groningen, and for a non-native, you're absolutely fine.

@takunveritas Месяц назад

This video should have been twice as long. great content

@SebastianSipos Месяц назад

meanwhile I'm looking for a tl;dr

@Rickmanou81293 Месяц назад

I wish he'd make longer form videos. Not that he doesn't do enough amazing work. Just crave more after every video, and would love even more depth.

@Scaredycat55 Месяц назад

Thank you for your unique perspective and the great work

@yurykomarinskiy9497 Месяц назад

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.e.rivera-weaver8175 Месяц назад

Great episode, thanks for such detailed information!

@chipsatterly4902 Месяц назад

Another thought provoking analysis!! Thank you!!

@mage1over137 Месяц назад

So March is also my birthday month, so it makes sense that videos I like would be advertised more that month than other months.

@ronald3836 Месяц назад

I tend to spend my birthdays watching videos about Dutch Disease, too.

@blobnate Месяц назад

Great video! Thanks for sharing.

@caylynmillard76 Месяц назад

Thanks for the vids! I watch every one twice.

@enricomigliorini9612 Месяц назад

Me too, as I usually get to the end and feel like Prof. Spaniel explained everything very well, and I did not retain any of it.

@djangogeek Месяц назад

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!

@wimdejong5399 Месяц назад

A brilliant presentation. Thanks!

@Molagmal Месяц назад

Dutch here and born in Groningen, I have to say that you did quite well on the pronunciation! It's a though one 😉

@equolizer Месяц назад

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

@richardtabor8686 Месяц назад

Ty so much continued great content.

@36cmarti Месяц назад

The Duct Tape was used on the Apollo 17 mission to fix the Rover.

@ddegn Месяц назад

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.

@scottsammons7747 Месяц назад

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.

@matt.willoughby Месяц назад

The "Aftershock" graphical effect was beautiful. .

@mikaelcronholm Месяц назад

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.

@panan7777 Месяц назад

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.

@phoenix211245 Месяц назад

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.

@limy1350 Месяц назад

The reason your videos are getting more views is because you’re awesome ❤

@SerenityMae11 Месяц назад

How do his nuts taste? 😂

@spontaneousirony7043 Месяц назад

If march is about the halfway point of spring semester for college students, they might be researching dutch disease for economics classes

@georgesbrassens5334 6 дней назад

Thank you so much! Very clear explanations and easy to understand for foreigners who learned English at school!

@gigabyte128 Месяц назад

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

@OutletVibes Месяц назад

I come for the history/news and stay for the Find Waldo game

@kleinweichkleinweich Месяц назад

at 01:50 I spotted Gerassimov dressed up as a dutch wind mill

@nuts4ships Месяц назад

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).

@Asrtyulg Месяц назад

In march of this year several other content creators were talking about Ukraine's refinery campaign.

@jeffsiegwart Месяц назад

Great News!

@ansoncall6497 Месяц назад

my closed captioning covered the book! Great analysis as always.

@raypotter9268 Месяц назад

Kudos on the book placement. I thought I recognized my book and wonder if she would give you review on Amazon.

@cipriancristea2122 Месяц назад

I'm a simple man I see a william video I watch

@marlenfras5490 Месяц назад

Good reporting. Thank you. Strong democracy.

@General12th Месяц назад

Hi Dr. Spaniel! You can't sit in two chairs, but you can read two books on the invasion in Ukraine.

@KLRJUNE Месяц назад

I was going to ask some questions but some very knowledgeable commenters already answered them.

@MrCcristof Месяц назад

Excellent analysis ❤

@aes0p895 Месяц назад

my best guess is that people are planning to tour EU in Spring, and it's a second-hand effect of paranoid travelers. thx for the video.

@ursusludens7174 Месяц назад

Good video

@UncleJoeLITE Месяц назад

We call this "Maladie Australienne" down here. Merci d'Australie à Mr Spaniel, great explanation.

@jamesgough1887 Месяц назад

Excellent video.

@yurilytviak9066 Месяц назад

Dang. We had our hundred some year old elm trees devastated. That was my first mental picture.

@RenegadeSound Месяц назад

I'm sure that occurred to Elm trees in UK too .

@mauritsbol4806 Месяц назад

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

@goldenfeather5416 Месяц назад

17:33 The duct tape fix of the fender happened on Apollo 17, not Apollo 11. It was a great video regardless

@WmJared Месяц назад

Sir I straight squawked at the book reveal

@Radi0he4d1 Месяц назад

In Russian, the term for natural resource dependency is "Oil Needle", as in needle of a smack syringe

@McKushMaster Месяц назад

Oh the viewer increase is because I passed out with your video on loop

@jjjones4982 Месяц назад

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.

@annet7524 Месяц назад

Very interesting!

@chrissmith2114 Месяц назад

Dutch Disease sounds like fungal crutch rot due to too much time on a bicycle saddle.

@GOPGonzo Месяц назад

War is politics by other means. Politics is economics by other means. Lines on charts will rule!

@dejanbusse805 Месяц назад

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.

@jankuyper8353 Месяц назад

Good one

@karsten27027 Месяц назад

I have just found you. Very good. Need to look up some of your older posts.

@neoieo5832 Месяц назад

I just realized that this is a PowerPoint slide.

@lehazyo Месяц назад

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).

@Marc98338 Месяц назад

2:30 I live there mate, appology accepted. ❤

@beautifulsmall Месяц назад

Well done Cameron, standing forward with unrestricted use of arms, how many weeks will we wait for the rest of Europe and the US to stand alongside.

@burprobrox9134 Месяц назад

My theory for the viewership anomaly is that there is some professor or even a curriculum that covers Dutch Disease

@chas4life Месяц назад

Thanks!

@Gametheory101 Месяц назад

Wow, that was incredibly generous. Thank you!

@Ragatokk Месяц назад

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.

@sleepybokchoy Месяц назад

again, I’m a simple man. More lines on maps means more upvotes from me.

@michaelgideon8944 Месяц назад

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...

@andrewharrison8436 Месяц назад

Cracking down on Naptha - that's a terrible joke - you get an upvote from me.

@michaelgideon8944 Месяц назад

@@andrewharrison8436 Are you a petroleum engineer to get that one?

@Blake-nz5dr Месяц назад

William spaniel how are you doing ? Keep up the great content.

@WinkelmanSM-3 Месяц назад

very interesting video

@WinkelmanSM-3 Месяц назад

7:01 your book!

@theeatherlash69 Месяц назад

This surprised me!

@joeker1013 Месяц назад

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.

@pi5549 Месяц назад

I spend all my time plugging 'puters and got a U (Unclassified) in my midschool History exam, but I just soak these in. Thank ye WS.

@GlimpseMaster 29 дней назад

Love the easter egg! I nearly believed it!

@octopusguy5648 Месяц назад

Got bless the AFU!

@joshuacarre06 Месяц назад

Slava Ukraini

@spambot_gpt7 Месяц назад

Nice idea with the easter egg

@MrJdsenior Месяц назад

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.

@NLJeffEU Месяц назад

Not only that, their economy starts to be as big as the Dutch one 😂

@renekuipers4563 Месяц назад

Nog niet.denk ik ..gdp 1000 miljard.Ned..Maar de tijd zal het leren.

@donalddejesus323 Месяц назад

Bravo 👍

@julianolorenzo7859 5 дней назад

Interestinginteresting Video 👍

@marcg2233 Месяц назад

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.

@pimpampet7053 Месяц назад

I'm from the Netherlands and I don't mind you butcher that name...... :-)

@scottlyons8130 Месяц назад

Norway got it right. They learned the lessons that the Dutch had to learn the hard way.

@ryelor123 Месяц назад

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.