Empires Die, Cartels Cheat, and Oregon Taxes Everything

What do falling oil prices, orbital battleships, and lab-grown mammoth meat have in common? Apparently, this episode. Brothers Drew and Quinn Millegan spiral through the economics of tariffs, why OPEC is the worst group project in history, and how the U.S. frackers might get kneecapped (again) by Saudi spite. We learn about Norway’s shockingly low-cost oil production, Russia planting flags on the Arctic seafloor, Greenland's prime real estate, and why you can't get your Temu order delivered. Then it’s on to teleportation ethics, hydrogen as a leaky disaster, and the future of synthetic meat.And in this week’s “This Day in Economic History,” Quinn digs into a corporation so powerful it once ran courts, levied taxes, and governed land larger than most nations—until it stumbled, centuries later, into the arms of bankruptcy court just this year.Welcome to the next episode of the Capital Call: with the Millegan Brothers, managing partners of the Woodworth Contrarian Fund with a new episode released every Monday morning at 2 AM Eastern / 5 AM Pacific.DEEP ROOTS. STUBBORN GROWTH. OREGON BASED.Episode Breakdown:(00:00) Tequila and Tariffs: A Cinco de Mayo Kickoff(01:35) S&P Rebounds, But Value’s Still Gone(04:55) Temu Trouble & The End of De Minimis(06:00) Apple’s Great Escape: From China to Vietnam(07:45) OPEC’s Dysfunction and Oil’s Price War Rumors(13:20) Frackers, Cheating Cartels, and the Cost of Crude(18:00) Hydrogen, Oil, and the Renewable Transition Race(23:30) Teleportation is Suicide (and Other Space Thoughts)(32:00) Space Force Wants a Star Destroyer (Seriously)(46:50) This Day in Economic History: A Corporate Empire Rises (and falls)Quinn Millegan: ⁠⁠⁠www.linkedin.com/in/quinnmillegan⁠⁠⁠Drew Millegan: ⁠⁠⁠www.linkedin.com/in/drew-millegan⁠⁠⁠The Millegan Memo (monthly newsletter): ⁠⁠⁠www.woodworth.fund/news/tag/The+Millegan+Memo⁠⁠⁠Woodworth Contrarian Fund: ⁠⁠⁠www.Woodworth.Fund⁠⁠⁠Capital Call: ⁠⁠⁠CapitalCall.Stream⁠⁠⁠Inquiries: [email protected] Call #5 with Quinn Millegan & Drew Millegan, managers of the Woodworth Contrarian Fund.Post market close 5/2/25 - Coming straight to you every Monday morning at 2 AM PT / 5 AM ET