Jobs Are a Lagging Indicator – Ep 816
The Peter Schiff Show Podcast
00:00
The Price of Oil Is Going to Be a Hundred 20 Dollar Barrel
Oil spiked up to those levels and then started coming down. The question is, what's going to happen when we finish this drawdown of the strategic petroleum reserves? Are they going to authorize even more? Are we going to deplete our strategic reserve s down to zero where we have nothing saved for a rainy day? And then what? Because at some point we're going to run out our reserves, either because we decide we've sold enough and we'll hold on to what we got, or we just deplete everything. But at some point the price is going to go up much, much more."
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