Part 5/11:
Focusing on energy markets, Beernut discusses oil prices, often tracked through benchmarks like West Texas Intermediate (WTI). He explains that WTI trading in the $55-$65 range could plummet if multiple unforeseen events occur—such as increased oil production from Venezuela, technological breakthroughs, or global demand shifts due to anomalous weather patterns. He notes that Russia's economy is vulnerable: falling below certain energy price thresholds can trigger economic shutdowns or upheavals that indirectly benefit Ukraine, especially if energy infrastructure becomes incapacitated.