Nick Fountain
๐ค SpeakerAppearances Over Time
Podcast Appearances
She was covering the OPEC meeting.
Saudi Arabia proposed modest increases to quotas, but based on old production capacities.
In a really serious way.
The oil ministers did dueling TV appearances.
Saudi Arabia even banned flights from the UAE.
Eventually, everyone figured out a way to save face.
The UAE got higher quotas.
But to keen tea leaf readers like Kate, it was clear.
The UAE wanted out.
And after the U.S.
and Israel started a war with Iran and Iran, a fellow OPEC member, started bombing the UAE, that's when they finally said, see you later.
The UAE left OPEC.
That thing we told you about how hard it is to keep a cartel together?
We're seeing it happen in real time.
What does that mean for Valerie's summer camping budget?
The whole reason we're doing this episode is because we got a question from a listener, Valerie, who asked us, can we expect to see gas prices fall at some point given the UAE's departure?
Do you have an answer to that?