Kai/Kyle Risdell
speaker
241 appearances
1 recordings
1 series
first heard Aug 2026
last heard 4 Aug
Kai/Kyle Risdell’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 Aug 2026 with 1.
Appearances
operations to help accelerate performance, the company said.
Marketplace's Kelly Wells explains what's going on there.
McDonald's certainly being the biggest player in the market is feeling that because they do cater to that market pretty well.
The Strait of Hormuz is closed, has been for basically five months now.
And while oil prices have dropped the past couple of days and they never did get as high as everybody had been guessing, what is as yet unclear is why that didn't happen.
Roger Karma wrote about one reason in The Atlantic the other day.
Welcome to the program.
Great to be here.
Thanks for having me.
So let's go to the title of the piece, The Great Chinese Oil Mystery.
What is it and why is it happening?
Well, at the outset of the war, virtually every single energy expert out there, they said that if the Strait of Hormuz, that if that remained closed for more than a few weeks, then oil prices would spike to $150, maybe even $200 a barrel.
And one thing that happened when the war broke out was that demand didn't stay constant.
And the reason it didn't stay constant was that a single country, China, decided to slash its oil imports by almost half compared to pre-war levels.
And because China stopped buying those barrels, they were free to go elsewhere, which saved the world from this shock.
But the most wild part is...
Nobody knows why China did this.
Nobody even knows how they did it.
Beijing hasn't said a word about this.
All we do know is that this, according to basically every energy expert I've talked to, is the single biggest reason that oil prices never took off.
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