Not really. He seems extremely bias and not ready to consider effects of fracking. He even admits to having some investment in local oil companies so it seems like he more into looking out for his own interest.
“WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.” ― USMC Major General Smedley Butler,
Always good to hear your thoughtful and logical analysis. The government is never in the business of protecting consumers only protecting there own interests. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me implementing Mrs Clara Greens daily trading signals and tips.
The thing about fossil fuel is that nobody wants to over produce it (because its not profitable), oil companies are using this war to get more permits but not necessary increasing the production of oil. The fossil fuel industry have a lot of lands already unused.
You didn't account for when is the end of the pandemic? What happens if say.. China.. starts mass lockdowns due to 0 covid policy? Then demand falls off a cliff again and if the world is producing too much they will have to cut back again just to stay in business. Also, we are walking into a recession. Same thing applies.. demand will fall. All oil companies took the worst hit they've ever taken in 2020. An over-abundance of caution is warranted here. Demand destruction will eventually fix everything and everybody sane knows that.
I see so many people on here talking about converting to electric vehicles. It’s going to take years to build enough cars for the transition. We have over 300 million cars in the US alone. The electrical grid Hass to be doubled in order to supply all of those needed EV’s. Like it or not folks this is going to take time and we are going to be burning oil until then. Yes we need to cut back on our consumption until we get there. But that too is going to take some time.
I want more sustainable energy. I also want the US to buy local before propping up Iran or Venezuela. Gotta be practical about the short-term while preparing for the long-term.
Reasonable opinion. The problem is that we have not been preparing ourselves for the "long term". By ignoring Global Warming for 40 years and not trying to decrease the burning of fossil fuels we are now in a situation where an ecologic catastrophe is almost for sure unavoidable.
@@cennamo66 forget that garbage. Fake face fake. Let's get the coal and nuclear and wean ourselves off dependency on foreign energy and this applies to Europe and America. Nothing wrong with renewable energy but it has to be cost competitive. No more sacrificing economic security for this green nonsense.
@@almac9203 science is not garbage. Global warming is an ecological catastrophe. Coal is the worst offender. If the earth is destroyed there is going no economy. We need to develop clean energy. We wasted 40 years. We cannot afford to lose any more time.
@@cennamo66 science can be manipulated and also plain wrong. You can record data and that can be objective if we agree on the methodology however modeling is not objective and can be wildly inaccurate. The model can predict what will happen with a 0.5c degree increase or a 7 degree increase but we simply have no idea what is going to happen and so called scientists pluck these implausible models out of their ass. The same scientist that we are assuming are correct warned about global cooling in the 1970s so I would take their pronouncements with a grain of salt. There have been numerous scientists that said their dissenting views have been silenced. Even the former head of Greenpeace disagrees with the alarmist propaganda. I want people to compare the actual global warming with the models and you will see the models are very alarmist. I am all for alternatives for existing sources of power but let's develop something truly revolutionary. We should be developing sources of energy that will transform people's lives for the better not make us worse off. Nikola Tesla proposed almost free abundant energy and that is what we should be researching not expensive energy. Put your thinking cap on and solve the problems not bring down people's standard of living. Green movement seeks to tax current energy or subsidies for green energy instead of introducing cheaper abundant energy. Scientists need to stop wasting their energy on their stupid modeling and develop the energy of tommorrow that will bring the world out of poverty. In my country the green movement has done nothing for people except drain people's wallet and has done nothing for the environment. My country spends billions on green credits when those billions could be spent on health and education. I am actually left leaning on most issues but I absolutely hate the global warming nonsense with an absolute passion. Show me the cheap abundant energy that will replace oil and gas and you will convert the entire planet!
@@almac9203 I am sorry but the science is clear and has been settled more than 40 years ago. Global warming is a fact, 99-100% of climate scientists agree and they know more than you or I do. I am not a climate scientist, but I have a scientific background and the basic science is simple and obviously true. If anything the prediction on Global Warming have been too conservative. Burying our head in the sand will not change the reality that the earth is warming.
THEY ALL AGREE - “ we need to become our own central banker “ GOLD /SILVER IN YOUR PORTFOLIO ! SPECIFICALLY SILVER BULLION is now over 50% below its two time high of $50.00 an ounce and global experts and geologist point out that there is a silver deficit !!!! It is ONLY low because for the time being ; it is being suppressed by the “ paper “ market , but this can’t go on forever !!! Go look at two days ago !!! Who would in their wildest dreams predict a nickel market squeeze ???? Think about that . AND - a fact that central banks and governments are stockpiling gold bullion as we speak !!!! WHY ? What do they know ???
To manage your money and achieve financial freedom. Start Investing, that’s the only true way to multiply your income and stay rich always. I spent my 30’s and 40’s investing in stocks and real estate. That’s the best thing I did for myself. Recently discovered ¢rypto now and life feels more easier.
Nobody wants to take actions, when tell someone to start a business with 1000, they will complain it’s too much. Buy a new phone with that same amount, no problem. Watch Netflix 2hr, they would want more episodes. Learn a new skill in 2 hours? No it’s too much. Life is all about choice stop blaming the lack of opportunity.
Everybody keeps talking about opportunities but no one is helping us get to these opportunities, I really want to invest and start something good for myself, especially now I'm young. I've tried out so many options and keep losing a lot of money. Can you recommend any best way to achieve a productive lnvestment?
@@theresamaddison1304 Generally investing requires higher knowledge. For this reason, It's best advised to have a solid support structure (financial consultant) to guide you through investing. I operate with a certified consultant for years and it has been a promising experience for my finances
It's undeniable that working with a professional is best compared to none. They have a wealth of information about Financial planning. I know Genevieve my colleagues at work always attest to great skills and experience in financial planning. I'm happy to see her name mentioned here.
@@c.k2778 I am delighted to see people talk about the same consultant I operate here. In the past 5 years, I have gone from €25 an hour ( Internship after college ) to an investment worth over €210k working with her. It is really cool to see my M1 account paying back dividends. Genevieve is great......
Indirectly he is saying he has a lot of investment in local oil companies and wishing govt can start tapping into local resources so he can have a fat payday.
It's a good thing for fossil fuels to get more expensive. Then the free market will naturally work to push us to renewables. The old guard with money on to old energy world doesn't like it, but too bad.
Should really get more nuclear and coal to get off our dependency on foreign oil and gas. Renewable are cool if they can stand on it's own otherwise stop wasting people's time. Coal is abundant and cheap and should be utilized. The green movement is putting Europe at risk.
If the price of fossil fuels is being artificially jacked up due to political reasons, then that's not a free market. A free market is one where buyers and sellers get to determine the price themselves without coercion.
While that seems like logic.. you didn't seem to account for the immediate necessity for battery materials that do not currently exist. The materials that do currently exist we do not produce. The immediate effects will be higher prices for 'sustainable' energy meaning oil prices actually don't look so bad. Then you add the fact that you are about to turn China into the next Saudi Arabia except... you suppose they will give us the same petro dollar deal for lithium, cobalt, nickel, graphite, etc? I'm going to say no is the safe assumption there.
Way to miss the point. Renewables will prevail, but it will take a generation or two. Governor’s or other politicians setting deadlines based on whim doesn’t change the monumental amount of effort required. The US alone is a massive chunk of land. Creating a coast to coast national power grid alone would take decades and what serious planning has begun if any? What planning has started for a national replacement of oil/gas heating for existing homes of which there are tens of millions? And this is just the US - an advanced nation with resources to throw at it that the majority of nations lack. Realistic assessments produce realistic and productive solutions. And you can blame every generation since the 1800s for what effects they’ve all had on the climate, including your own.
While I agree that the energy transition will take a long time, and there is no replacing fossil fuels in the coming decade... we can help the transition. We have become an ostentatiously wasteful society, where throwing things away is seen as a sign of prosperity.
Environmentalism is the new wave religion. Solar panels are disrupting square miles and land wind mills are killing birds and EV isn't as green as you think. But keep the talking points going
Unleash American energy. Go big across the board. Oil, Gas, Solar, Wind, Hydro and whatever else is viable. The most important thing is that it’s produced in America. Stop transferring wealth offshore. Let the market decide which energy wins. Once you get to energy independence then you can get picky on what type you want to focus on going forward...
My favorite parts are where the Bible says put people to death for: Being a witch, Exodus 22:17, being gay, Leviticus 20:13, Fortunetelling, 20:27, Adultery, Leviticus 20:10, and the list goes on and on.
Mr Zell forgot about what US did in middle East and why terrorist groups emerged in the area . And above everything, he must have special love for muslims ,as he's a Jewish . 🌝
@@lilcrazy5887 the Russian-Ukraine situation just showed that. Imagine having gold stored somewhere, money in the bank or in the stock market. All useless overnight when war comes knocking on your door.
Zell has lost it. And Westin is such a lame interviewer by just letting guests spout nonsense and giving them softball questions. There is plenty of unused capacity and drilling permits here in the US. The price of gasoline hasn't skyrocket because Keystone was cancelled. The US oils have little to no incentive to increase production, just like the Saudis and everyone else. If they pump more, the price will go down. Instead of pumping more, they're doing buy backs and increasing dividends. As an investor in energy, I'm ok with that. The market will take care of itself in the long run. Event though near term pain, increase oil prices will help accelerate the transition to renewables. The oil majors and producing countries would be better off focusing on price stability instead of short term profits. In the end, it will just cause demand destruction.
Exactly. And his republican partisan talking points reeks through his criticism of the Biden administration and keystone pipeline nonsense. All these billionaires and politicians, republicans or democrats, are such opportunists when normal people go through economic crisis
Sam Zell is like 'Warren Buffett' of the real estate industry
Man this is the most level headed interview I HAVE watched during these uncertain times, he knows his stuff well!
Not really. He seems extremely bias and not ready to consider effects of fracking. He even admits to having some investment in local oil companies so it seems like he more into looking out for his own interest.
“WAR is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.”
― USMC Major General Smedley Butler,
Sam Zell really looks like living master Yoda
My business hero, thank you Sir.
Mr. Zell is totally correct about energy. Smart man. No wonder he has been so successful.
Always good to hear your thoughtful and logical analysis. The government is never in the business of protecting consumers only protecting there own interests. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me implementing Mrs Clara Greens daily trading signals and tips.
My favourite TA lady. ALWAYS on the ball, honest and to the point.
Her strategy has been helping a lot of traders/newbies out there, with are program i was able to recover my losses from the crash so swiftly
Pls, how do I Get Clara?
...
that's her hAndLe. get more info from her… .☝☝☝.
I always think it is so worthwhile listening to what Sam Zell has to say
Sam Zell is quite similar to polish actor Ryszard Kotys. I thought that is is interview with Kotys, but they started speaking english.
The thing about fossil fuel is that nobody wants to over produce it (because its not profitable), oil companies are using this war to get more permits but not necessary increasing the production of oil. The fossil fuel industry have a lot of lands already unused.
You didn't account for when is the end of the pandemic? What happens if say.. China.. starts mass lockdowns due to 0 covid policy? Then demand falls off a cliff again and if the world is producing too much they will have to cut back again just to stay in business. Also, we are walking into a recession. Same thing applies.. demand will fall. All oil companies took the worst hit they've ever taken in 2020. An over-abundance of caution is warranted here. Demand destruction will eventually fix everything and everybody sane knows that.
Most attractive right now is Real estate, gold/silver, crypto, cash. No brainer
The future is unknowable. Invest in an index fund.
this is a REALLY smart guy!!! been following him for decades,
I see so many people on here talking about converting to electric vehicles. It’s going to take years to build enough cars for the transition. We have over 300 million cars in the US alone. The electrical grid Hass to be doubled in order to supply all of those needed EV’s. Like it or not folks this is going to take time and we are going to be burning oil until then. Yes we need to cut back on our consumption until we get there. But that too is going to take some time.
You take back your consumption first than we talk. Keep in mind, talk is cheap and there is no free lunch.
100% RIGHT ON ALL SAM. IMAGINE BIDEN TRYING TO HAVE THIS CONVERSATION.... HIS BRAIN WOULD BE GLITCHING.
I’m on cash app I wanna invest in the war effort what should I invest in?
I want more sustainable energy. I also want the US to buy local before propping up Iran or Venezuela. Gotta be practical about the short-term while preparing for the long-term.
Reasonable opinion. The problem is that we have not been preparing ourselves for the "long term". By ignoring Global Warming for 40 years and not trying to decrease the burning of fossil fuels we are now in a situation where an ecologic catastrophe is almost for sure unavoidable.
@@cennamo66 forget that garbage. Fake face fake. Let's get the coal and nuclear and wean ourselves off dependency on foreign energy and this applies to Europe and America. Nothing wrong with renewable energy but it has to be cost competitive. No more sacrificing economic security for this green nonsense.
@@almac9203 science is not garbage. Global warming is an ecological catastrophe. Coal is the worst offender. If the earth is destroyed there is going no economy. We need to develop clean energy. We wasted 40 years. We cannot afford to lose any more time.
@@cennamo66 science can be manipulated and also plain wrong. You can record data and that can be objective if we agree on the methodology however modeling is not objective and can be wildly inaccurate. The model can predict what will happen with a 0.5c degree increase or a 7 degree increase but we simply have no idea what is going to happen and so called scientists pluck these implausible models out of their ass. The same scientist that we are assuming are correct warned about global cooling in the 1970s so I would take their pronouncements with a grain of salt. There have been numerous scientists that said their dissenting views have been silenced. Even the former head of Greenpeace disagrees with the alarmist propaganda. I want people to compare the actual global warming with the models and you will see the models are very alarmist. I am all for alternatives for existing sources of power but let's develop something truly revolutionary. We should be developing sources of energy that will transform people's lives for the better not make us worse off. Nikola Tesla proposed almost free abundant energy and that is what we should be researching not expensive energy. Put your thinking cap on and solve the problems not bring down people's standard of living. Green movement seeks to tax current energy or subsidies for green energy instead of introducing cheaper abundant energy. Scientists need to stop wasting their energy on their stupid modeling and develop the energy of tommorrow that will bring the world out of poverty. In my country the green movement has done nothing for people except drain people's wallet and has done nothing for the environment. My country spends billions on green credits when those billions could be spent on health and education. I am actually left leaning on most issues but I absolutely hate the global warming nonsense with an absolute passion. Show me the cheap abundant energy that will replace oil and gas and you will convert the entire planet!
@@almac9203 I am sorry but the science is clear and has been settled more than 40 years ago. Global warming is a fact, 99-100% of climate scientists agree and they know more than you or I do. I am not a climate scientist, but I have a scientific background and the basic science is simple and obviously true. If anything the prediction on Global Warming have been too conservative. Burying our head in the sand will not change the reality that the earth is warming.
What a great interview
Interview Ray Dalio, Jeremy Grantham and Charlie Munger and ask them the same question
Jeremy Grantham bets US will crash to hell, and hedges the risk by going China Philippines Brazil 🤡
THEY ALL AGREE - “ we need to become our own central banker “
GOLD /SILVER IN YOUR PORTFOLIO !
SPECIFICALLY SILVER BULLION is now over 50% below its two time high of $50.00 an ounce and global experts and geologist point out that there is a silver deficit !!!! It is ONLY low because for the time being ; it is being suppressed by the “ paper “ market , but this can’t go on forever !!!
Go look at two days ago !!! Who would in their wildest dreams predict a nickel market squeeze ????
Think about that .
AND - a fact that central banks and governments are stockpiling gold bullion as we speak !!!!
WHY ?
What do they know ???
Charlie pumped and dumped us on Ali Baba right before the crash. He has succumbed to the dark side.
Gran Tierra energy GTE on the NYSE a low cost oil producer making big bucks.
Love Zell!
Thanks Mr Zell.
To manage your money and achieve financial freedom. Start Investing, that’s the only true way to multiply your income and stay rich always. I spent my 30’s and 40’s investing in stocks and real estate. That’s the best thing I did for myself. Recently discovered ¢rypto now and life feels more easier.
Nobody wants to take actions, when tell someone to start a business with 1000, they will complain it’s too much. Buy a new phone with that same amount, no problem. Watch Netflix 2hr, they would want more episodes. Learn a new skill in 2 hours? No it’s too much. Life is all about choice stop blaming the lack of opportunity.
Everybody keeps talking about opportunities but no one is helping us get to these opportunities, I really want to invest and start something good for myself, especially now I'm young. I've tried out so many options and keep losing a lot of money. Can you recommend any best way to achieve a productive lnvestment?
@@theresamaddison1304 Generally investing requires higher knowledge. For this reason, It's best advised to have a solid support structure (financial consultant) to guide you through investing. I operate with a certified consultant for years and it has been a promising experience for my finances
It's undeniable that working with a professional is best compared to none. They have a wealth of information about Financial planning. I know Genevieve my colleagues at work always attest to great skills and experience in financial planning. I'm happy to see her name mentioned here.
@@c.k2778 I am delighted to see people talk about the same consultant I operate here. In the past 5 years, I have gone from €25 an hour ( Internship after college ) to an investment worth over €210k working with her. It is really cool to see my M1 account paying back dividends. Genevieve is great......
Indirectly he is saying he has a lot of investment in local oil companies and wishing govt can start tapping into local resources so he can have a fat payday.
didnt knew this guy existed until today :(
It's a good thing for fossil fuels to get more expensive. Then the free market will naturally work to push us to renewables. The old guard with money on to old energy world doesn't like it, but too bad.
Should really get more nuclear and coal to get off our dependency on foreign oil and gas. Renewable are cool if they can stand on it's own otherwise stop wasting people's time. Coal is abundant and cheap and should be utilized. The green movement is putting Europe at risk.
If the price of fossil fuels is being artificially jacked up due to political reasons, then that's not a free market.
A free market is one where buyers and sellers get to determine the price themselves without coercion.
While that seems like logic.. you didn't seem to account for the immediate necessity for battery materials that do not currently exist. The materials that do currently exist we do not produce. The immediate effects will be higher prices for 'sustainable' energy meaning oil prices actually don't look so bad. Then you add the fact that you are about to turn China into the next Saudi Arabia except... you suppose they will give us the same petro dollar deal for lithium, cobalt, nickel, graphite, etc? I'm going to say no is the safe assumption there.
"doesn't make any sense" yep, that about sums up this adminstration.
Oil producing countries that stop using the USD makes total sense. Domestic policy will not save the USD.
Water, food, clothes and shelter.
Great information thank you.
I hope clean energy will prevail. This guy is gone in 10 years, when we are fighting the effects his generation had on the climate.
Meanwhile John Kerry is still flying around in a private jet. BTW your kids will be paying for your student loans
Any verifiable proof of that statement? Or is that just your opinion?
Way to miss the point. Renewables will prevail, but it will take a generation or two. Governor’s or other politicians setting deadlines based on whim doesn’t change the monumental amount of effort required. The US alone is a massive chunk of land. Creating a coast to coast national power grid alone would take decades and what serious planning has begun if any? What planning has started for a national replacement of oil/gas heating for existing homes of which there are tens of millions? And this is just the US - an advanced nation with resources to throw at it that the majority of nations lack.
Realistic assessments produce realistic and productive solutions.
And you can blame every generation since the 1800s for what effects they’ve all had on the climate, including your own.
Yeah Sam Zell 👏 💪
While I agree that the energy transition will take a long time, and there is no replacing fossil fuels in the coming decade... we can help the transition. We have become an ostentatiously wasteful society, where throwing things away is seen as a sign of prosperity.
It's costing more than $1000 to fill a semitruck nowadays, you know...
@@wihenao sponsored by joe biden..
Yup
@@wihenao evdhery f
Environmentalism is the new wave religion. Solar panels are disrupting square miles and land wind mills are killing birds and EV isn't as green as you think. But keep the talking points going
Biden is nieve. Very interesting to hear him speak .
Sell cryptocurrencies and stocks. Buy real estate, energy, and metals.
Unleash American energy. Go big across the board. Oil, Gas, Solar, Wind, Hydro and whatever else is viable. The most important thing is that it’s produced in America. Stop transferring wealth offshore. Let the market decide which energy wins. Once you get to energy independence then you can get picky on what type you want to focus on going forward...
He just bought Gold for some reason....
This guy's a genius
Venezuela will tell them to jog on if they haven’t already
Fake books in the background?
He is bullish on gold now, oops, I truly believe that this is a real top for gold.
ThiS man should be the
ECONOMIC ADVISER OF TRUMP !!!!!
Zell is part of the problem...
Sam a fellow Detroiter no longer collecting rent?
I BET U I CAN BEAT MUSK WITH
THE ELECTRIC CARS....
TRY WATER WORKS ALL THE TIME...
WORK FOR BOATS SHIPS CARS TRUCKS TANKERS ETC..
jb
Yoda's right
Buy some crypto, bud.
Read the Bible daily.
My favorite parts are where the Bible says put people to death for: Being a witch, Exodus 22:17, being gay, Leviticus 20:13, Fortunetelling, 20:27, Adultery, Leviticus 20:10, and the list goes on and on.
Read the Quaran daily
He’s very old, he should be thinking like the Medicis, to whom and how he should give his wealth. Not where to invest.
So that you get a free handout right. Wrong!
He was a "Chariman" charimander...
Ahh yes let’s see how we can still make profits while people are dying
Mr Zell forgot about what US did in middle East and why terrorist groups emerged in the area .
And above everything, he must have special love for muslims ,as he's a Jewish . 🌝
who will speak for my Palestinian friends.....FRee Palestine
He showed his bias on a process that will exist and grow long after he’s dead. Seems Bitter.
Food. Gas. Medication water. Shelter's. Is. Charge. More. To. Tax. PAYERS. Game true bhuman. Suffering
Buy BABA
Poor people admiring their oppressors always makes me laugh
Exactly, these men are the reason for inflation and work hours etc pure oppressors
Sounds like we should put America first !
BITCOIN
😂
@@lilcrazy5887 the Russian-Ukraine situation just showed that. Imagine having gold stored somewhere, money in the bank or in the stock market. All useless overnight when war comes knocking on your door.
Buttcoin!!
Zell has lost it. And Westin is such a lame interviewer by just letting guests spout nonsense and giving them softball questions. There is plenty of unused capacity and drilling permits here in the US. The price of gasoline hasn't skyrocket because Keystone was cancelled. The US oils have little to no incentive to increase production, just like the Saudis and everyone else. If they pump more, the price will go down. Instead of pumping more, they're doing buy backs and increasing dividends. As an investor in energy, I'm ok with that. The market will take care of itself in the long run. Event though near term pain, increase oil prices will help accelerate the transition to renewables. The oil majors and producing countries would be better off focusing on price stability instead of short term profits. In the end, it will just cause demand destruction.
100% spot on.
Insightful.
Your comment makes more sense to me than the interview.
Exactly. And his republican partisan talking points reeks through his criticism of the Biden administration and keystone pipeline nonsense. All these billionaires and politicians, republicans or democrats, are such opportunists when normal people go through economic crisis
So youre saying they (domestic oil companies) are colluding price increases? Whick is illegal btw. Any evidence?
A fart in the wind
A billionaire and can't afford a shirt?
Would you make same comment to Mark CEO of Facebook?
Sam got tired of buying
$700.00 shirts so he can afford to
Make a change..
jb
Booohoooo 👎