Mark Cuban
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Podcast Appearances
He made a decision because there was a situation that came up. The oil companies came in and said, this price of oil being so low is killing us, right? We're losing a lot of money. We anticipate losing more because with the pandemic now starting, demand is dropping like a rock. And that was coming from the oil companies. And so what he did, he said, OK, MBS owes me a favor over in Saudi Arabia.
That's the connection. And Putin's my boy. I'm going to go to them and ask them to reduce production. Now, what happens to the price of gas when the largest producers of oil and energy decrease their production? The price starts going up and up and up.
That's the connection. And Putin's my boy. I'm going to go to them and ask them to reduce production. Now, what happens to the price of gas when the largest producers of oil and energy decrease their production? The price starts going up and up and up.
And so you can track the increase in the price of gas and how that impacted the price of goods the entire time that the production from the 10% reduction until they increase it like 300,000 barrels a day for two years. What is your argument here?
And so you can track the increase in the price of gas and how that impacted the price of goods the entire time that the production from the 10% reduction until they increase it like 300,000 barrels a day for two years. What is your argument here?
Yes. And I'm explaining to you, I'm getting the mainstream media.
Yes. And I'm explaining to you, I'm getting the mainstream media.
That's fine. But he had a chance. He was asked to end it by Congress. He was that he we were sending he was selling six hundred sixty billion dollars. I don't know the number. I can't remember exactly in weapons to Saudi Arabia.
That's fine. But he had a chance. He was asked to end it by Congress. He was that he we were sending he was selling six hundred sixty billion dollars. I don't know the number. I can't remember exactly in weapons to Saudi Arabia.
I'm so glad you asked that because the mainstream media never talks about this stuff. And so she had a little dig there. So Trump goes in and says, we're going to cut the production by 10%. Demand is still relatively low. But in April, May, June, as people start venturing outside their house and to the end of 2020, the end of this term, there's an increase in demand. But the increase in demand
I'm so glad you asked that because the mainstream media never talks about this stuff. And so she had a little dig there. So Trump goes in and says, we're going to cut the production by 10%. Demand is still relatively low. But in April, May, June, as people start venturing outside their house and to the end of 2020, the end of this term, there's an increase in demand. But the increase in demand
The increase in production doesn't match the increase in demand. They limited as part of this deal that Trump put together between Russia and Saudi Arabia, and that led to other people in OPEC Plus participating. They only increased the production of oil by 300,000 barrels a day, which didn't keep up with the amount of demand that was happening. That started increasing the price of gas.
The increase in production doesn't match the increase in demand. They limited as part of this deal that Trump put together between Russia and Saudi Arabia, and that led to other people in OPEC Plus participating. They only increased the production of oil by 300,000 barrels a day, which didn't keep up with the amount of demand that was happening. That started increasing the price of gas.
That price of gas continued to increase for the two years this program was in place. This program wasn't like, let's just cut it for 60 days and go back at it. It wasn't, let's just do this for 90 days. Let's just do this during the Trump administration. No, no, no, no, no. This deal went before they got, it took two years before they got back to pre-pandemic levels of production.
That price of gas continued to increase for the two years this program was in place. This program wasn't like, let's just cut it for 60 days and go back at it. It wasn't, let's just do this for 90 days. Let's just do this during the Trump administration. No, no, no, no, no. This deal went before they got, it took two years before they got back to pre-pandemic levels of production.
And so listen to what Trump says about drill, baby, drill. Why does he say drill, baby, drill will lead to lower costs? Because oil and energy costs are part of everything. And you know what matches up perfectly? What matches up perfectly is that 9.1% in 2022 and the day that that agreement ended. where MBS and Russia limited production, that agreement ended like this.
And so listen to what Trump says about drill, baby, drill. Why does he say drill, baby, drill will lead to lower costs? Because oil and energy costs are part of everything. And you know what matches up perfectly? What matches up perfectly is that 9.1% in 2022 and the day that that agreement ended. where MBS and Russia limited production, that agreement ended like this.
If you did your little Venn diagram that like, and increased production, decreased production, bam.
If you did your little Venn diagram that like, and increased production, decreased production, bam.
friendship with him or whatever there's a long list of people who don't who work with him who think he's an idiot and don't like him now you're on that list yeah i mean i don't think he's i'm not saying that's my position i'm just summarizing it look i don't think he's in your position no i haven't worked with one of the greatest sales people ever he's one of the greatest you know um motivators in terms of crowd motivation ever