Why oil prices remain low

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Why oil prices remain low 3.5
Story of oil in comics. How OPEC was formed, why prices rose and why they are now falling. A wonderful, colorful, informative animated story for children (of all ages).

Bisbo's latest video on Oil Prices:
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Our video on the ill-effects on fracking:
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Our video on how the tax component on petrol keeps prices high
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The word "crore" (10 million = 1 crore) used in the video is common is South Asian countries, which don't follow the international system.

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💬 Comments on the video
Author

This is such a lovely video explaining a complicated subject very easily, You Indians are always amazing people love you all.
From Pakistan.

Author — Basit Miki

Author

Play at 1.25 speed. Trust me, you'll be thanking me.

Author — Anubhav Uppal

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you forgot to mention the USA invaded the middle east for oil

Author — DudeManGuy

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what ever happened in India oil prices is going up every day...

Author — Ajeed Antoni

Author

This is Dora the Explorer version of Autistic news.

Author — Jimmy Rustles

Author

Very simplistic. Part of the price fall was due to OPEC trying to drive the price down below the cost of production in the US to prevent production of these new fields. However, the US industry has lowered the cost of production even further making US shale oil again economic to produce, even at these lower prices.

Author — dahveed284

Author

Nice video
Thanks for explaining it like I am 5

Author — Mahendar

Author

I will travel without worrying about the cost!! Neither Airlines companies reduced their prices -.-

Author — Sultan Loobari

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As an Indian I am so happy to hear this news

Author — Rahul vp

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That Shiekh has an Indian (Apu) accent XD

Author — machomp 123

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Demagraphics /Efficiency/and fracking and better imaging tech affects supply and :)

Author — ClarksonsinUSA

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The game is to be the last to have oil.

Author — jds hempfarm

Author

Felt like I was back at school when they wheel that fat tv in to watch a video, while the teacher is drinking a cup of tea

Author — Rob Williams

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The anglo oppressors don´t like your colonial accent. For me, it is interesting, Indian female school teacher, who speaks almost flawlessly .

Author — Teemu M.

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5:03 funny to hear... Fuel price in india is 100% high due to taxes...

Author — Vicky Vicky

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You forgot the neocolonialism, invading oil countries, sponsoring radical islamist to overthrow governments all to steal oil bit. Convenient.

Author — S.A

Author

why hate us? because we have oil?
"now they can feel the heat 😂😂😂?".

anyways, many people going to lose their jobs. and we have many Indians working here.

Author — Oman Gulf

Author

brilliant simple explanation ! thank you !

Author — Richard T

Author

This video helped me ace oil refinery company interview!!! i love you !! <3

Author — Resonance

Author

In India, Ambani decides the price of petrol..the profit of public sector refineries goes to govt.But in the case of reliance refinery, whole profit is for ambani..Earlier the prices of diesel and petrol from reliance pumps were more than that of public sector pumps. but now the price of diesel from reliance pumps is 2rs lesser than other pumps.. eventually they will have all the customers just like jio..about 35% of Indians are given the opium of religious extremism which make them useless and dangerous. the rest are either not bothered or helpless and worried not knowing what next to do . We Indians have all kind of resources but we lack a good leader, a good and truthful media..if the taxes that we pay are used wisely, even the roads could have been made of silver. I am not a an AAP follower. but the good works that are done by them in Delhi are really appreciable. the media is acting blind to that, other wise in the coming election the party they are supporting will not gain. Delhi is a small example of how the taxes can be used wisely. here the loans of rich are written off. but the banks goes behind poor people who took education loan and agricultural loans.
it's time for us to wake up..
#wakeupindia

Author — Riyas Mohammad