Sopan Deb
speaker
13 appearances
1 recordings
1 series
first heard May 2026
last heard 14 May
Sopan Deb’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
One reason is obvious is look how much oil prices have gone up.
If you're going to the gas station, if you're looking at your heating bill, whatever, you can see that the price has just shot up.
But a second reason, which most people probably don't realize, which accounts for a huge portion, particularly of European oil companies' revenues in this first quarter, is because of their trading desks.
Now, what do the trading desks do?
They buy, sell, and they transport oil.
And at a time when prices are very volatile, you can make money by trading.
So let me give you an example.
Total Energies, which is a French oil company, they made essentially a billion dollars in one day by trading oil.
And what they did was they bought up every single cargo of oil
that was available in March that could be loaded in May.
And just by buying up all of this supply, because they knew there was a shortage coming, they made a billion dollars.
Can you imagine the first time you step out with a partner now?
Do you think you're going to keep that a secret with your seven-foot self?
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