One reason the price is bottoming out is that Europe used development bank monies to back investors to build refineries in India and China, this lessens the cost considerably considering it's being produced in a less regulatory environment with loads of cheap available labor.

Just like this guy you are talking to here in the video, the mention of Germany means his ventures will be backed as no loss guarantees using development bank monies. Germany only pays out if he fails, otherwise the citizens foot the bill paying back the investors, which is one reason why Europeans seen their energy cost go through the roof initially.