The Macro Moment: Watch The Effects From And On Oil by taskmaster4450le

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hive-167922 · @taskmaster4450le · Nov 17 '21

$85.63

The Macro Moment: Watch The Effects From And On Oil

<center>

[![](https://img.3speakcontent.co/mnjyhyjb/thumbnails/default.png)](https://3speak.tv/watch?v=taskmaster4450le/mnjyhyjb)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450le/mnjyhyjb)

</center>

---

Oil is the most important commodity.  It is utilized by most everyone in some form or another. 

In this video I discuss the importance of oil and what is happening with it.  The impact is enormous and every analysis needs to take it into account.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450le/mnjyhyjb)

👍 threespeak, leo.voter, edicted, znnuksfe, jphamer1, spectrumecons, daveks, captainhive, adambarratt, bitcoinflood, daltono, therealyme, maxuvd, buggedout, marcocasario, eddie-3speak, celestal, ew-and-patterns, sharkthelion, chorock, brofi, yogajill, netaterra, coyotelation, almi, acesontop, pixresteemer, daan, oldmans, bozz, scottshots, akane47, nathanmars.leo, break-out-trader, dcityrewards, ninnu, ambifokus, dallas27, vintherinvest, mightpossibly, uwelang, olumzy, memez, finguru, leofinance, vegoutt-travel, elevator09, knowhow92, beehivetrader, tin.aung.soe, tiffin, engrave, someguy123, cielitorojo, gadrian, anonsteve, petertag, poliwalt10, emrebeyler, dknkyz, mrsbozz, apoloo1, photosnap, suzana72, and 147 others

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@acesontop · Nov 17 '21

$0.10

Well, being an avid diesel consumer, I'd honestly love if not many would have to commute to work that leading to less demand leading to cheaper prices. The prices however have kept on rising in here for the past few months. What is outrageous is that we have natural resources, but the price is still fluctuating in tandem with the price of the oil from the market. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-taskmaster4450le-3etmza)

👍 taskmaster4450le

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@taskmaster4450le · Nov 18 '21

The energy sector is on fire in terms of price.  That cant be denied.  Oil is on quite a run and that is filtering to the pumps.

We will see how long it lasts.  My view is the world cannot sustain higher oil prices, the shock can collapse the global economy.  I would say, one way or another, the price of oil is going to come down.

Economic pullbacks mean less oil is consumed.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-acesontop-6phqxx)

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@ai-summaries · Mar 19 '24

**Summary:**
In this video, the speaker delves into the significance of oil as a crucial commodity that impacts various aspects of our daily lives, from transportation to consumer goods. He emphasizes the ongoing high demand for oil globally and how technology, specifically the shift to remote work, is rapidly changing the oil market. The speaker discusses the implications of remote work on different sectors like real estate, businesses, and ultimately, oil consumption. He points out the decreasing need for oil in developed countries due to factors like remote work and the transition to more fuel-efficient and electric vehicles. Despite these shifts, he predicts that the global demand for oil will continue to rise over the next decade but highlights the potential decrease in oil usage in developed countries.

**Detailed Article:**
The video starts with the speaker highlighting the unparalleled importance of oil as a commodity that profoundly impacts various aspects of daily life, underlying its presence in a wide range of products, from plastic bottles to electronic components. He stresses the pervasive nature of petroleum-based products and the massive global demand for oil, driven by its utilization in a plethora of sectors, including transportation, manufacturing, and energy production.

Moving forward, the speaker shifts focus to the evolving dynamics of the oil market, specifically honing in on how technological advancements, particularly the growing trend of remote work, are reshaping the consumption patterns of oil. He dismisses electric vehicles as a major contributing factor to the changing oil market, emphasizing their relatively low market share in new vehicle sales. Instead, the speaker points to remote work as a significant driver of oil market changes, noting its lasting impact on various sectors beyond transportation.

The discussion then delves into the ramifications of remote work on different industries, starting with real estate. The speaker highlights how remote work allows individuals to expand their home search radius due to reduced commuting requirements, impacting both residential and commercial real estate markets. Additionally, he elaborates on the ripple effects on businesses that rely on office workers, such as restaurants and cleaning services, emphasizing the interconnected nature of these shifts.

The speaker draws attention to the direct correlation between remote work trends and oil consumption, especially in the context of reduced commuting. By analyzing data points like the decrease in mass transit usage post-COVID, he extrapolates potential implications for gasoline consumption and, consequently, oil demand. The discussion touches on the gradual shift towards more fuel-efficient vehicles and electric cars, forecasting a gradual decline in oil usage in developed countries due to factors like remote work and an aging population.

In conclusion, the speaker anticipates a continuous rise in global oil demand over the next decade while underscoring the changing landscape in developed nations. Despite the projected decrease in oil consumption in such regions, the speaker emphasizes the ongoing relevance of oil as a pivotal commodity and encourages vigilant monitoring of supply-demand dynamics and market trends in the oil sector.

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@beerlover · Nov 17 '21

<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @taskmaster4450le, here is a little bit of <code>BEER</code> from @pixresteemer for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>

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@etiboy56 · Nov 17 '21

Great post

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@nathanmars.leo · Nov 17 '21

$0.10

The world heavily rely on Oil!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@nathanmars.leo/re-taskmaster4450le-6rcysk)

👍 taskmaster4450le

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@pixresteemer · Nov 17 '21

<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 80 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-80-and-start-week-81) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>5</sub></center>

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