Oil Giants SHUTDOWN German Plants, India Dumps USD Payments For Oil, Shameless US Jobs Report
In the latest blow to German industry, oil giants including BP and Shell are scaling back their oil refining in the country. This threatens to pile on more pressure, making manufacturing even more expensive. Meanwhile, India is trying to de-dollarize their oil purchases away from the dollar, this is another big move by the world’s third-largest oil consumer. And finally, we must break down the latest and shameless jobs report from the BLS.
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✅ Timestamps & Chapters:
0:00 German Oil Industry Crisis
3:05 Deindustrialization Getting Worse
6:24 India Refuses US Dollar Oil Payments
9:31 The Disastrous US Jobs Report
12:48 The STRONG Economy Story
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