Back to episode — Episode 1683 Scott Adams - Putin's Health, The Next Governor of California, Lots More
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ut it, but now we're seeing a story that the intelligence people believe that there is evidence that the sources — the unnamed sources, highly, highly dependable unnamed sources — speculated that Putin, who's 69, could have dementia, Parkinson's disease, or quote "roid rage" from potential cancer treatments that involve heavy steroid use. Do you know, I swear to God yesterday I was taking a walk…
← Previous segment →ing and you start your day, do other people say, I'm sure glad Ethan is awake because there's a guy who brings light and sunshine into our lives? Ethan is a person who's always looking on the bright side. Ethan — some people would say Ethan is a worthless piece of a dingleberry on the ass of life. Some would say that. Because his contribution to a conversation was so mind-bogglingly useless and negative that one wonders if Ethan will make it through life, or is Ethan an incel who will soon be killing a room full of women? I don't know. I don't know, Ethan, but it's one of those things.
All right. What else is going on? Oh, lots of things. Lots of things are going on. Oil went down 30 percent because oil prices are not real. Oil is the only thing that doesn't depend on the supply and demand. Am I right? Maybe there's something else, but I've been watching oil prices forever, and one thing that is a guarantee is that supply and demand doesn't make any difference. Talking about supply and demand makes a difference, talking about it. But the actual supply doesn't seem to make any difference. It's just the worrying about it that changes it. So every time somebody worries about it, somebody else raises the price. If I write a story and say I think X will happen so oil prices will go up, what happens to the price of oil? The oil price goes up, right? If people are talking about it going up, it goes up. If people are talking about it going down, it goes down. It's not even related to the supply.
Now of course I'm exaggerating because of course in the long run the supply is all that matters. But that's never what we see. We see all these short-term enormous swings and all of it's just psychology based. So yeah, oil can go up 30 percent, it could go down 30 with no change in de
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mand and no change in supply. So remember, all of the oil changes are just psychology about what we expect. And nobody can predict the future, so there's more uncertainty, which raises the price. So uncertainty does always increase risk, which increases price. But I don't see any reason that it can't plunge just as fast as it went up. How fast does it take people to open up production facilities…
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