# Oil Trade on The No Agenda Show

Oil Trade comes up in 25 chapters across 25 episodes of The No Agenda Show, from May 2008 to August 2026.

- **Chapters:** 25
- **Episodes:** 25
- **Discussed:** May 2008 – August 2026
- **Related topics:** [Oil Prices](https://search.noagendashow.net/topic/oil-prices.md), [Barack Obama](https://search.noagendashow.net/topic/barack-obama.md), [Cap And Trade](https://search.noagendashow.net/topic/cap-and-trade.md), [Iran](https://search.noagendashow.net/topic/iran.md), [Russia](https://search.noagendashow.net/topic/russia.md), [Saudi Arabia](https://search.noagendashow.net/topic/saudi-arabia.md), [China](https://search.noagendashow.net/topic/china.md), [Inflation](https://search.noagendashow.net/topic/inflation.md), [Insider Trading](https://search.noagendashow.net/topic/insider-trading.md), [Mexico](https://search.noagendashow.net/topic/mexico.md)

## Chapters 1–20 of 25

### Global Oil Trade, US Steel Production and Tariffs

- **Episode:** [1894: Fever Concerns](https://search.noagendashow.net/episode/1894-fever-concerns.md)
- **Published:** 2026-08-13
- **Time:** 1:05:22–1:09:28
- **Transcript:** https://search.noagendashow.net/episode/1894-fever-concerns/chapter/global-oil-trade-us-steel-production-and-tariffs.md

The discussion shifts to the strategic importance of the oil trade and the revitalization of the American steel industry through Section 232 tariffs. The hosts cite reports of a manufacturing boom in the U.S. and a shortage of skilled tradespeople like welders and electricians. They argue that Trump's focus on production and legacy is more significant than midterm election results.

Keywords: [oil trade](https://search.noagendashow.net/topic/oil-trade.md), [steel industry](https://search.noagendashow.net/topic/steel-industry.md), [tariffs](https://search.noagendashow.net/topic/tariffs.md), [trump](https://search.noagendashow.net/topic/trump.md), [mike rowe](https://search.noagendashow.net/topic/mike-rowe.md), [straits of hormuz](https://search.noagendashow.net/topic/straits-of-hormuz.md), [manufacturing](https://search.noagendashow.net/topic/manufacturing.md)

### Global Oil Trade, China-Russia Axis and Maritime Control

- **Episode:** [1849: Hose Water](https://search.noagendashow.net/episode/1849-hose-water.md)
- **Published:** 2026-03-08
- **Time:** 42:02–46:13
- **Transcript:** https://search.noagendashow.net/episode/1849-hose-water/chapter/global-oil-trade-china-russia-axis-and-maritime-control.md

Mimi Smith-Dvorak and Adam Curry discuss the geopolitical shift involving China, Russia, and Iran. They argue that China's control over global shipping lanes and its reliance on sanctioned oil from Venezuela and Iran is a direct challenge to American dominance. The hosts suggest that the U.S. is in a "Cold War" with these powers, who are attempting to displace the U.S. dollar in international trade.

Keywords: [china](https://search.noagendashow.net/topic/china.md), [russia](https://search.noagendashow.net/topic/russia.md), [venezuela](https://search.noagendashow.net/topic/venezuela.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md), [suez canal](https://search.noagendashow.net/topic/suez-canal.md), [maritime](https://search.noagendashow.net/topic/maritime.md)

### EU Defense Spending, Ursula von der Leyen

- **Episode:** [1843: Token Muncher](https://search.noagendashow.net/episode/1843-token-muncher.md)
- **Published:** 2026-02-15
- **Time:** 1:11:50–1:14:06
- **Transcript:** https://search.noagendashow.net/episode/1843-token-muncher/chapter/eu-defense-spending-ursula-von-der-leyen.md

Ursula von der Leyen announced that the EU is mobilizing up to 800 billion euros for defense and a 90 billion euro loan for Ukraine. The hosts criticize the lack of a central EU tax to support such spending and note reports that Russia may be considering returning to U.S. dollar trade for oil and gas. They suggest a "stablecoin" solution may be emerging behind the scenes.

Keywords: [ursula von der leyen](https://search.noagendashow.net/topic/ursula-von-der-leyen.md), [european union](https://search.noagendashow.net/topic/european-union.md), [defense spending](https://search.noagendashow.net/topic/defense-spending.md), [euro bonds](https://search.noagendashow.net/topic/euro-bonds.md), [russia](https://search.noagendashow.net/topic/russia.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md)

### Saudi Arabia Petrodollar Deal Expiry

- **Episode:** [1669: You-Crane](https://search.noagendashow.net/episode/1669-you-crane.md)
- **Published:** 2024-06-16
- **Time:** 40:20–42:57
- **Transcript:** https://search.noagendashow.net/episode/1669-you-crane/chapter/saudi-arabia-petrodollar-deal-expiry.md

The 50-year petrodollar agreement between the United States and Saudi Arabia, signed in 1974, has reportedly expired. This allows Saudi Arabia to sell oil in multiple currencies, including the Chinese Yuan, Euro, and Bitcoin, potentially threatening the global dominance of the U.S. dollar. However, Saudi dependence on U.S. military equipment remains a significant factor in the relationship.

Keywords: [saudi arabia](https://search.noagendashow.net/topic/saudi-arabia.md), [petrodollar](https://search.noagendashow.net/topic/petrodollar.md), [brics](https://search.noagendashow.net/topic/brics.md), [us dollar](https://search.noagendashow.net/topic/us-dollar.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md)

### Trade Secrets, Industrial Testing and Taiwan Molding

- **Episode:** [1309: Vaxsaline](https://search.noagendashow.net/episode/1309-vaxsaline.md)
- **Published:** 2024-03-07
- **Time:** 1:37:05–1:41:21
- **Transcript:** https://search.noagendashow.net/episode/1309-vaxsaline/chapter/trade-secrets-industrial-testing-and-taiwan-molding.md

The discussion differentiates between patents and trade secrets, emphasizing that trade secrets are often more valuable because they are not public. One host shares an anecdote from his time at Union Oil, where a secret test for lead in gasoline gave the company a competitive edge. Other examples include Russian tungsten welding and Taiwanese injection molding techniques that remain impossible for others to duplicate.

Keywords: [trade secrets](https://search.noagendashow.net/topic/trade-secrets.md), [union oil](https://search.noagendashow.net/topic/union-oil.md), [soviet union](https://search.noagendashow.net/topic/soviet-union.md), [tungsten](https://search.noagendashow.net/topic/tungsten.md), [taiwan](https://search.noagendashow.net/topic/taiwan.md), injection molding

### Economic Impact of Middle East Conflict on Oil

- **Episode:** [1604: Janky](https://search.noagendashow.net/episode/1604-janky.md)
- **Published:** 2023-11-02
- **Time:** 2:02:39–2:04:59
- **Transcript:** https://search.noagendashow.net/episode/1604-janky/chapter/economic-impact-of-middle-east-conflict-on-oil.md

Economists warn that an escalation of the Middle East conflict involving Iran could push oil prices above $100 per barrel. Disruption to key shipping routes like the Suez Canal and the Strait of Hormuz would have significant ramifications for global trade. The analysis suggests that the media's focus on these economic "repercussions" is cynical compared to the human cost of war.

Keywords: [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [iran](https://search.noagendashow.net/topic/iran.md), [suez canal](https://search.noagendashow.net/topic/suez-canal.md), [strait of hormuz](https://search.noagendashow.net/topic/strait-of-hormuz.md), [ing](https://search.noagendashow.net/topic/ing.md), [global trade](https://search.noagendashow.net/topic/global-trade.md)

### Saudi Arabia Considers Pricing Oil in Chinese Yuan

- **Episode:** [1434: Second Lady](https://search.noagendashow.net/episode/1434-second-lady.md)
- **Published:** 2022-03-17
- **Time:** 1:38:17–1:41:58
- **Transcript:** https://search.noagendashow.net/episode/1434-second-lady/chapter/saudi-arabia-considers-pricing-oil-in-chinese-yuan.md

The Wall Street Journal reported that Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan rather than U.S. dollars. This move would represent a significant blow to the "petrodollar" system that has underpinned global financial stability since the 1970s. The shift is seen as a response to Saudi dissatisfaction with U.S. foreign policy in the Middle East and the increasing economic influence of China.

Keywords: [saudi arabia](https://search.noagendashow.net/topic/saudi-arabia.md), [yuan](https://search.noagendashow.net/topic/yuan.md), [petrodollar](https://search.noagendashow.net/topic/petrodollar.md), [wall street journal](https://search.noagendashow.net/topic/wall-street-journal.md), [china](https://search.noagendashow.net/topic/china.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md)

### Donald Trump Feud with Koch Brothers

- **Episode:** [1065: Flux Capacitator](https://search.noagendashow.net/episode/1065-flux-capacitator.md)
- **Published:** 2018-09-02
- **Time:** 1:26:30–1:28:38
- **Transcript:** https://search.noagendashow.net/episode/1065-flux-capacitator/chapter/donald-trump-feud-with-koch-brothers.md

Donald Trump labeled the Koch brothers a "total joke" after Charles Koch criticized the administration's trade policies during a donor summit. The Koch network, which plans to spend up to $400 million on the midterms, suggested they might support Democrats who align with their free-trade values. The feud complicates traditional left-wing narratives regarding the influence of the Koch brothers on the Republican party.

Keywords: charles koch, [david koch](https://search.noagendashow.net/topic/david-koch.md), [donald trump](https://search.noagendashow.net/topic/donald-trump.md), [trade policy](https://search.noagendashow.net/topic/trade-policy.md), [midterm elections](https://search.noagendashow.net/topic/midterm-elections.md), [oil industry](https://search.noagendashow.net/topic/oil-industry.md)

### Mexico Crude Oil Exports and Trade Balances

- **Episode:** [1064: Post Racial](https://search.noagendashow.net/episode/1064-post-racial.md)
- **Published:** 2018-09-02
- **Time:** 22:09–23:52
- **Transcript:** https://search.noagendashow.net/episode/1064-post-racial/chapter/mexico-crude-oil-exports-and-trade-balances.md

Crude oil remains Mexico's largest export to the United States, totaling approximately $49 billion. Discussion focuses on how the U.S. relies heavily on oil from Canada and Mexico while frequently criticizing Middle Eastern suppliers. The new trade negotiations are framed as a way to leverage these oil dependencies against each other.

Keywords: [mexico](https://search.noagendashow.net/topic/mexico.md), [crude oil](https://search.noagendashow.net/topic/crude-oil.md), [exports](https://search.noagendashow.net/topic/exports.md), [trade deficit](https://search.noagendashow.net/topic/trade-deficit.md), piñatas

### Iran Sanctions and French Euro Credits

- **Episode:** [1030: Phoneliness](https://search.noagendashow.net/episode/1030-phoneliness.md)
- **Published:** 2018-05-03
- **Time:** 2:37:36–2:39:56
- **Transcript:** https://search.noagendashow.net/episode/1030-phoneliness/chapter/iran-sanctions-and-french-euro-credits.md

As the U.S. prepares to potentially exit the Iran nuclear deal, reports indicate that France is facilitating oil trades with Iran using "euro credits" to bypass dollar-based financial networks. This maneuver allows Iran to maintain some economic activity despite being shut off from the SWIFT system. The hosts question the relationship between President Macron and the U.S. given these conflicting financial interests.

Keywords: [iran](https://search.noagendashow.net/topic/iran.md), [france](https://search.noagendashow.net/topic/france.md), [emmanuel macron](https://search.noagendashow.net/topic/emmanuel-macron.md), euro credits, [swift](https://search.noagendashow.net/topic/swift.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md)

### German Economic Impact of Russian Sanctions

- **Episode:** [801: White Male Clerks](https://search.noagendashow.net/episode/801-white-male-clerks.md)
- **Published:** 2016-02-21
- **Time:** 1:42:51–1:45:08
- **Transcript:** https://search.noagendashow.net/episode/801-white-male-clerks/chapter/german-economic-impact-of-russian-sanctions.md

German business leaders are warning of severe economic consequences resulting from Western sanctions against Russia and falling oil prices. Trade volume between Germany and Russia has plummeted by nearly half since 2012, leading to investment freezes and potential staff cuts. Despite political tensions between Berlin and Moscow, German industry groups are pushing for a restoration of trade ties as Russian partners find themselves locked out of European financial markets.

Keywords: [germany](https://search.noagendashow.net/topic/germany.md), [russia](https://search.noagendashow.net/topic/russia.md), [sanctions](https://search.noagendashow.net/topic/sanctions.md), [oil prices](https://search.noagendashow.net/topic/oil-prices.md), trade volume

### Bill McKibben and the "Rogue Industry" of Oil

- **Episode:** [778: Long Gun](https://search.noagendashow.net/episode/778-long-gun.md)
- **Published:** 2015-12-03
- **Time:** 2:02:36–2:08:14
- **Transcript:** https://search.noagendashow.net/episode/778-long-gun/chapter/bill-mckibben-and-the-rogue-industry-of-oil.md

Bill McKibben and 350.org announce that global divestment commitments have reached $3.4 trillion. The hosts provide a counter-analysis, suggesting that divestment campaigns actually benefit major investors by suppressing stock prices and effectively doubling dividend yields. They mock the description of the oil industry as a "rogue industry," noting its essential role in pharmaceuticals and plastics.

Keywords: [bill mckibben](https://search.noagendashow.net/topic/bill-mckibben.md), [350.org](https://search.noagendashow.net/topic/350-org.md), [divestment](https://search.noagendashow.net/topic/divestment.md), [oil industry](https://search.noagendashow.net/topic/oil-industry.md), [dividends](https://search.noagendashow.net/topic/dividends.md), [insider trading](https://search.noagendashow.net/topic/insider-trading.md)

### Toby Gati, Putin Q&A on Oil Terrorism

- **Episode:** [664: Boss Ass Look](https://search.noagendashow.net/episode/664-boss-ass-look.md)
- **Published:** 2014-10-26
- **Time:** 1:08:54–1:14:24
- **Transcript:** https://search.noagendashow.net/episode/664-boss-ass-look/chapter/toby-gati-putin-q-a-on-oil-terrorism.md

Former Assistant Secretary of State Toby Gati questioned Vladimir Putin at a public forum regarding his views on U.S. foreign policy. Putin responded by accusing U.S. allies of purchasing illegal oil from terrorists in Syria and Iraq to finance their operations. He urged Gati to communicate to the U.S. leadership that Russia seeks respect for its interests rather than direct confrontation.

Keywords: toby gati, [vladimir putin](https://search.noagendashow.net/topic/vladimir-putin.md), [oil trade](https://search.noagendashow.net/topic/oil-trade.md), [syria](https://search.noagendashow.net/topic/syria.md), [state department](https://search.noagendashow.net/topic/state-department.md)

### CIA Drug Trade, Mexico Security Policy Shift

- **Episode:** [510: Furtive Movement](https://search.noagendashow.net/episode/510-furtive-movement.md)
- **Published:** 2013-05-05
- **Time:** 1:09:40–1:16:34
- **Transcript:** https://search.noagendashow.net/episode/510-furtive-movement/chapter/cia-drug-trade-mexico-security-policy-shift.md

The hosts theorize that President Obama's trip to Mexico was prompted by the Mexican government's decision to centralize security operations, potentially disrupting CIA-managed drug routes. The discussion links the global financial system to drug money laundering, citing the HSBC settlement as evidence.

Keywords: [cia](https://search.noagendashow.net/topic/cia.md), [mexico](https://search.noagendashow.net/topic/mexico.md), [drug trade](https://search.noagendashow.net/topic/drug-trade.md), [hsbc](https://search.noagendashow.net/topic/hsbc.md), [john brennan](https://search.noagendashow.net/topic/john-brennan.md), [oil and gas](https://search.noagendashow.net/topic/oil-and-gas.md)

### CNBC Conflict Trade, Saudi Oil Spigots

- **Episode:** [438: Social Media Weapons](https://search.noagendashow.net/episode/438-social-media-weapons.md)
- **Published:** 2012-08-26
- **Time:** 1:02:18–1:04:15
- **Transcript:** https://search.noagendashow.net/episode/438-social-media-weapons/chapter/cnbc-conflict-trade-saudi-oil-spigots.md

CNBC analysts discussed the concept of a "conflict trade" regarding potential military action against Iran. The theory suggests that if Saudi Arabia increases oil production, it serves as a signal that the U.S. is backing an Israeli attack on Iranian targets. The discussion frames geopolitical instability as a primary investment opportunity for market speculators.

Keywords: [cnbc](https://search.noagendashow.net/topic/cnbc.md), conflict trade, [saudi arabia](https://search.noagendashow.net/topic/saudi-arabia.md), [iran](https://search.noagendashow.net/topic/iran.md), [oil prices](https://search.noagendashow.net/topic/oil-prices.md)

### Strategic Petroleum Reserve Release and QE3 Predictions

- **Episode:** [316: Adios, MOFO!](https://search.noagendashow.net/episode/316-adios-mofo.md)
- **Published:** 2011-06-26
- **Time:** 2:10:07–2:15:34
- **Transcript:** https://search.noagendashow.net/episode/316-adios-mofo/chapter/strategic-petroleum-reserve-release-and-qe3-predictions.md

The Obama administration's decision to release oil from the Strategic Petroleum Reserve (SPR) is analyzed as a political move to lower energy costs ahead of the 2012 election. Independent oil traders expressed concern that the news was leaked, allowing for insider trading before the official announcement. Predictions are made that the government will soon initiate "QE3" (Quantitative Easing 3) to artificially stimulate the economy.

Keywords: [spr](https://search.noagendashow.net/topic/spr.md), [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [barack obama](https://search.noagendashow.net/topic/barack-obama.md), [qe3](https://search.noagendashow.net/topic/qe3.md), [insider trading](https://search.noagendashow.net/topic/insider-trading.md)

### Glencore IPO and Mark Rich Pardon History

- **Episode:** [285: Terror Aperture](https://search.noagendashow.net/episode/285-terror-aperture.md)
- **Published:** 2011-03-10
- **Time:** 2:06:13–2:09:01
- **Transcript:** https://search.noagendashow.net/episode/285-terror-aperture/chapter/glencore-ipo-and-mark-rich-pardon-history.md

The upcoming IPO of Glencore, a massive commodities trading firm, is discussed in the context of its founder, Mark Rich. Rich was famously pardoned by President Bill Clinton in 2001 after fleeing the U.S. for tax evasion. The hosts predict Glencore could become a "trillion-dollar company" through its dominance in global oil and mining markets.

Keywords: [glencore](https://search.noagendashow.net/topic/glencore.md), [mark rich](https://search.noagendashow.net/topic/mark-rich.md), [bill clinton](https://search.noagendashow.net/topic/bill-clinton.md), oil trading, [ipo](https://search.noagendashow.net/topic/ipo.md)

### BP Oil Spill as Catalyst for Green Energy Policy

- **Episode:** [211: The Botox Bot](https://search.noagendashow.net/episode/211-the-botox-bot.md)
- **Published:** 2010-06-24
- **Time:** 36:13–38:55
- **Transcript:** https://search.noagendashow.net/episode/211-the-botox-bot/chapter/bp-oil-spill-as-catalyst-for-green-energy-policy.md

President Obama characterizes the Gulf oil spill as a "wake-up call" to transition the United States toward a clean energy future. The hosts interpret this rhetoric as a political maneuver to revive cap-and-trade legislation before the August recess. They argue the policy serves as a hidden form of taxation that will significantly increase electricity costs for citizens.

Keywords: [bp oil spill](https://search.noagendashow.net/topic/bp-oil-spill.md), [cap and trade](https://search.noagendashow.net/topic/cap-and-trade.md), [clean energy](https://search.noagendashow.net/topic/clean-energy.md), [taxation](https://search.noagendashow.net/topic/taxation.md), energy strategy

### BP Oil Spill and Gulf of Mexico Drilling Moratorium

- **Episode:** [207: What do you call Soy milk?](https://search.noagendashow.net/episode/207-what-do-you-call-soy-milk.md)
- **Published:** 2010-06-10
- **Time:** 53:57–59:23
- **Transcript:** https://search.noagendashow.net/episode/207-what-do-you-call-soy-milk/chapter/bp-oil-spill-and-gulf-of-mexico-drilling-moratorium.md

The Deepwater Horizon disaster and the subsequent federal moratorium on offshore drilling are viewed as a catalyst for a massive spike in oil prices. Speculation suggests the crisis will be used to push through cap-and-trade legislation and potentially liquidate BP, benefiting larger financial entities like JP Morgan. The economic fallout is expected to devastate the Gulf Coast region, potentially leading to a "Haiti-style" redevelopment of the area.

Keywords: [bp](https://search.noagendashow.net/topic/bp.md), [deepwater horizon](https://search.noagendashow.net/topic/deepwater-horizon.md), [gulf of mexico](https://search.noagendashow.net/topic/gulf-of-mexico.md), [drilling moratorium](https://search.noagendashow.net/topic/drilling-moratorium.md), [cap and trade](https://search.noagendashow.net/topic/cap-and-trade.md), [oil prices](https://search.noagendashow.net/topic/oil-prices.md)

### Climate Change Legislation and Senator Byron Dorgan

- **Episode:** [203: Slaughterhouse Blues](https://search.noagendashow.net/episode/203-slaughterhouse-blues.md)
- **Published:** 2010-05-27
- **Time:** 31:22–34:06
- **Transcript:** https://search.noagendashow.net/episode/203-slaughterhouse-blues/chapter/climate-change-legislation-and-senator-byron-dorgan.md

President Obama is accused of using the Gulf oil disaster to fast-track climate change and energy legislation. Senator Byron Dorgan is highlighted for his questioning of the Attorney General's office regarding BP's legal liabilities. The hosts argue the administration is pivoting from the spill to a broader "dependence on foreign oil" narrative to support cap and trade policies.

Keywords: [barack obama](https://search.noagendashow.net/topic/barack-obama.md), byron dorgan, [climate change bill](https://search.noagendashow.net/topic/climate-change-bill.md), [cap and trade](https://search.noagendashow.net/topic/cap-and-trade.md), [foreign oil](https://search.noagendashow.net/topic/foreign-oil.md)

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