Is the U.S. Economy Too Hot to Handle? With Jim Bianco
Real Vision: Finance & Investing
00:00
The SPR Is Down at a 40 Year Low
Since late June, crude oil prices are up over 21%. That the 21% rally in crude oil prices is starting to get gasoline prices. OPEC has been very clear with Russia, the OPEC Plus, about voluntarily cutting production and continuing to cut production. The SPR is down at a 40 year low. It's not at zero, but they effectively can't go much lower than they are right now. And so, yeah, when you add all of that up, that is going to be problematic.
Play episode from 25:05
Transcript
