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Why Energy Is the Most (Geo)Political Market, With Tony Greer

The Breakdown

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The Energy Inflation Is Creating Volatility

The world is realizing that no matter what goes on with the attack on supply, we're still burning oil at an unbelievable pace and not transferring to electric vehicles quite as fast as the administration would probably like us to. And therefore these companies are set up to make a lot of money. So that's why we're paying $4 at the pump today rather than $1.50. That's why natural gas has caused the price of ammonia and fertilizer prices to go up and food prices to going up. A lot of it has to do with the Federal Reserve doubling its balance sheet to $9 trillion in the wake of the lockdown response.

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