Oil, gas and mining

Why the volatility of oil prices could be a sign of a slowing global economy



Fox News contributor Phil Flynn discusses the volatility of oil prices on ‘The Bottom Line.’ #foxbusiness #thebottomline

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A VICTORY LAP. DAGEN: NATIONAL AVERAGE FOR A GALLON OF REGULAR 3.07. THE PRICES MIGHT NOT LAST. IF THEY DO IT WOULD BE A SIGNAL OF A SLOWING GLOBAL ECONOMY. CAN. SEAN: HERE SO REACT, PHIL FLYNN. >> GOOD TO SEE YOU. SEAN: I FILLED UP MY TANK THE GAS, I DID A DANCE

OUTSIDE OF THE CAR. HOWEVER, IS THIS A SIGN OF WORSE TIMES TO COME? >> IT COULD BE. SEAN. I WOULD LIKE TO SEE A VIDEO OF THAT DANCE. I THINK AMERICANS WERE DANCING THEY HAVE SEEN UNPRECEDENTED PAIN AT PUMP FOR LAST COUPLE OF YEARS, BUT LOOKING AT OVERALL ECONOMY AND THE INFLATION,

THEY DESERVE SOME RELIEF. THEY HAVE BEEN HIT FROM EVERY DIRECTION FROM INFLATION, WE HAVE SEEN IN THE OIL MARKET AND GAS MARKET. WE HAVE HEDGE FUNDS BETTING ON THE GLOBAL ECONOMY. WHEN THEY STOP INVESTING IF THEY ARE WRONG, AND THEY ARE WRONG YOU COULD SEE A PRICE SPIKE. I’M WARNING PEOPLE AT HOME

EENJOY THESE LOW PRICES, THINGS COULD EXPLODE QUICKLY, WE’RE ALREADY SEEING SIGNS OF IT HAPPENS. DAGEN: THE UGLY, DIRTY STORY. ONE OF MANY OUT OF THE BIDEN WHITE HOUSE, IS THAT ONE OF THE REASONS THAT THEY ALLOWED IRAN TO CONTINUE TO SELL AND TO EXPORT OIL THROUGHOUT CONFLICT IN MIDDLE EAST

BECAUSE THEY WANT TO KEEP THE WORLD SUPPLIES WITH OIL, THEY JUST DON’T WANT U.S. PRODUCERS PUMPING IT AND EXPORTING IT. >> YOU ARE CORRECT. THAT IS ONE OF THE SADDEST THINGS, IF YOU LOOK AT THE BIDEN ENERGY POLICY, WE COULD TALK ABOUT PRICES AT THE PUMP, BUT I LOOK AT

ENERGY AS GLOBAL SECURITY. AND I THINK BIDEN’S ENERGY POLICY IS ONE. THE REASONS WHY THE WORLD IS FALLING APART,. WHEN FOREIGN PRODUCERS LIKE OPEC AND RUSSIA WERE AFRAID OF U.S. OIL PRODUCERS, BUT WHAT WE STARTED TO REIN IT IN YOU SAW WHAT HAPPENED, RUSSIA AND UKRAINE, RUSSIA USED OIL AS A WEAPON AND

IRANIANS SAYING I CAN SELL AS MUCH OIL AS I CAN, WE’LL SUPPORT THE TERRORIST GROUPS BECAUSE WE’RE MAKING BILLIONS, OF DOLLARS THAT LACK OF VISION ON THE POLICY THAT YOU COULD LOOK AROUND THE WORLD AND REALIZE IT IS A MESS. SEAN: TO SAY KEY — WE DON’T KNOW WHAT IS HAPPENING WE’LL

PUT OUR SEAT BUILT — BELTS ON. >> RIGHT, I THINK IT IS FAIR TO SAY, BUT ENERGY PRICES BUCKLE UP. I THINK THERE IS RISK ON THE UPSIDE LOOK AT RISK TO SUPPLY IN THE GLOBE, NOW WE HAVE WINTER THAT CAME BACK. THAT COULD IMPACT SOME SUPPLIES AS WELL.

I STILL THINK THERE IS MORE RISK ON THE UPSIDE BUT IT WILL B

48 Comments

  1. sdgs were created by the US. Obama also made this promise at the United Nations nine years ago.
    EU, led by the UK, also agrees.
    Climate change is an important issue.
    The temperature rises by 0.2 degrees every year.
    At this rate, fossil fuels will run out in 50 years. Some countries are submerged in seawater.
    sdgs is important.

  2. The volatility in the market is alarming. How can i diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation? I mean I've heard of people making up to $300k weekly and I'd like to know how.

  3. USA Citizens should file a lawsuit against Joe Biden for draining our full military oil reserves for Political purposes and make him personally pay to refill them. They was top off Before Biden. History will be written with Before Biden & After Biden stages.

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  13. The Mid-Continent oil producing States are breaking records in both production and exports. If your state didnt get a new pipeline from this region, your going green.

  14. I find it staggering that people who claim to be patriots are salivating when looking at the possibility of an economic slowdown because they can blame biden for it.

    Nobody claiming to be a patriot should be hoping for circumstances that would harm the American people.

  15. Ask joe Clinton administration they have played the oil industry game with the world for years why do you think they are so scared of trump they can't make money in there pockets if we are independent period plus it brakes the CPCUSA Biden agreement he has with China Saudi Iran why you think these wars are going on to many eyes on uncle joe and he can't keep his end of there deals China also has brought forward charges against joe for breaking said deals dig ppl it's not hard

  16. 🤣🤣🤣🤣🤣🤣 Muszą obniżyć cenę ropy ( bo przy globalnym " dżihadzie " , a to jednak wojna ) ich samych nie stać na paliwa do samolotów ( nie da się " popierdalać " na wielbłądzie do USA żeby coś ustalić ) 🤣🤣🤣🤣🤣🤣

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