The Entire Economy Is About to Implode - Ep 920
The Peter Schiff Show Podcast
00:00
The Impact of Inflation on Oil Prices
They discuss the current state of the economy, focusing on inflation and its impact on the price of oil. They mention that oil prices are still rising despite the dollar gaining value, and predict that if the stock market bounces back and the dollar falls, oil prices will increase even further. They also highlight the issue of the strategic petroleum reserve, explaining that the US would have to repurchase oil at a higher price than they sold.
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