E.J. Antoni
👤 PersonAppearances Over Time
Podcast Appearances
And yes, that was in response to the avian flu, but it was a very stupid way to handle it because you caused hens that were perfectly fine to get slaughtered en masse. So if you kill all of the egg-laying hens, what's going to happen to your egg supply? It's going to plummet. That's exactly what happened. We had shortages. We had prices go through the roof.
And yes, that was in response to the avian flu, but it was a very stupid way to handle it because you caused hens that were perfectly fine to get slaughtered en masse. So if you kill all of the egg-laying hens, what's going to happen to your egg supply? It's going to plummet. That's exactly what happened. We had shortages. We had prices go through the roof.
By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.
By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.
By simply reversing that policy and putting better ones in its place, you saw the supply of eggs explode again. And so prices for eggs have come way, way down, down like 60% now in just a couple of months. So that's tremendous news. But then you have very, very broad policies as well, like with energy. So in terms of energy, you're talking about a sector that's very, very forward-looking.
They're not so much concerned about the economic constraints today. They're looking into the future. The reason for that is because almost everything they do takes a very long time. It takes not just months, but years, decades to build a new refinery. It takes many months to conduct the maintenance on a pipeline that's going to keep it operational. Right.
They're not so much concerned about the economic constraints today. They're looking into the future. The reason for that is because almost everything they do takes a very long time. It takes not just months, but years, decades to build a new refinery. It takes many months to conduct the maintenance on a pipeline that's going to keep it operational. Right.
They're not so much concerned about the economic constraints today. They're looking into the future. The reason for that is because almost everything they do takes a very long time. It takes not just months, but years, decades to build a new refinery. It takes many months to conduct the maintenance on a pipeline that's going to keep it operational. Right.
And so under Biden, what we saw was facilities getting mothballed that are now being brought online because under Biden, it was a very anti-energy regulatory establishment. And under Trump, it's exactly the opposite. Yeah. And so as this new supply is anticipated to come online, it doesn't even need to hit us yet.
And so under Biden, what we saw was facilities getting mothballed that are now being brought online because under Biden, it was a very anti-energy regulatory establishment. And under Trump, it's exactly the opposite. Yeah. And so as this new supply is anticipated to come online, it doesn't even need to hit us yet.
And so under Biden, what we saw was facilities getting mothballed that are now being brought online because under Biden, it was a very anti-energy regulatory establishment. And under Trump, it's exactly the opposite. Yeah. And so as this new supply is anticipated to come online, it doesn't even need to hit us yet.
Just the anticipation of new supply is driving futures prices down, which is how we trade energy on the futures market. And that's actually bringing down prices at the pump.
Just the anticipation of new supply is driving futures prices down, which is how we trade energy on the futures market. And that's actually bringing down prices at the pump.
Just the anticipation of new supply is driving futures prices down, which is how we trade energy on the futures market. And that's actually bringing down prices at the pump.
Oh, sure. And that's something that we knew was going to happen in 2022, for example. And this was something we actually talked about back then, I think, on your WMAL show. Yeah. How whenever you have these huge spikes in prices, in other words, prices rise very quickly in a very short period of time, it takes a while for the insurance market to catch up.
Oh, sure. And that's something that we knew was going to happen in 2022, for example. And this was something we actually talked about back then, I think, on your WMAL show. Yeah. How whenever you have these huge spikes in prices, in other words, prices rise very quickly in a very short period of time, it takes a while for the insurance market to catch up.
Oh, sure. And that's something that we knew was going to happen in 2022, for example. And this was something we actually talked about back then, I think, on your WMAL show. Yeah. How whenever you have these huge spikes in prices, in other words, prices rise very quickly in a very short period of time, it takes a while for the insurance market to catch up.
Because all of a sudden, cars become very expensive to replace, to repair. And the insurance market sees that. And then they decide in the coming months and years, we need to start hiking premiums to cover these higher costs.
Because all of a sudden, cars become very expensive to replace, to repair. And the insurance market sees that. And then they decide in the coming months and years, we need to start hiking premiums to cover these higher costs.
Because all of a sudden, cars become very expensive to replace, to repair. And the insurance market sees that. And then they decide in the coming months and years, we need to start hiking premiums to cover these higher costs.