Commodore Steve Jermy
speaker
516 appearances
1 recordings
1 series
first heard Jul 2026
last heard 20 Jul
Commodore Steve Jermy’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Well, fortunately, Singapore is an extremely efficient country.
But that must be having political effects.
I guess as well, it's quite a small country.
I was so surprised when I had $200 a barrel, I didn't ask much more.
But again, if we get up to those sorts of figures, think back to 2007 and 2008, the great global financial crisis.
I happened to be in Houston at part of that.
And I remember vividly seeing the stock market red all over.
I'll never forget it.
I remember talking to an American who was working in the British consulate in Houston.
He'd lost half his retirement savings in that crash.
And again, it seems to me that if you were to get up to those sorts of figures, 150, and if you've got a global economy, which is already not in trouble, but already very precarious, and it wouldn't surprise me if we have another great financial crash.
I mean, who knows?
You know, we might say it was $150 an oil.
barrel oil a function of that?
To me, it seems impossible that it wasn't a function of that.
People will talk about synthetic collateralized debt obligations in the housing market.
I think a lot of it's to do with the Eurodollar areas, actually, and how funding in the Eurodollar areas were actually tightening.
But it seems impossible to me that actually that oil, which is the primary resource, wasn't playing into that.
I mean, it's playing into things like Lufthansa, I think, cancelled 20,000 flights about a couple of months ago.
I don't know what bunker fuels are like.
Showing 421–440 of 516 · page 22 of 26
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