President byden tried to get saudy arabia to increase production, but they said no. They did say they would make their best efforts to increase that maximum capacity to 13 million barrels over a five year period. Now i don't believe that they could even produce 12 million barrels. I think that at 11 million they're going to be producing as fast as they possibly can. And i think this war with souty russia will ultimately lead to a global energy crisis.
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman (Convexity Maven) to the show to discuss the relationship between inflation and bond yields, why the stock market has been so resilient in the face of worsening macro data, and much more. https://bit.ly/3zkH2Mp
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