E.J. Antoni

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.

Not quite. It's that the insurance market actually takes a while to observe the real world market conditions and to see, all right, how much do we need to charge in premiums to cover our costs?

Not quite. It's that the insurance market actually takes a while to observe the real world market conditions and to see, all right, how much do we need to charge in premiums to cover our costs?

Not quite. It's that the insurance market actually takes a while to observe the real world market conditions and to see, all right, how much do we need to charge in premiums to cover our costs?

This is why the insurance market just, I mean, they got their clocks clean for a couple of years there because the premiums they were charging folks were way too low given the cost to repair a car or repair a home. Yes. And so now basically all their actuarial tables were completely out of date. Oh, I see. In literally just 12 or 18 months.

This is why the insurance market just, I mean, they got their clocks clean for a couple of years there because the premiums they were charging folks were way too low given the cost to repair a car or repair a home. Yes. And so now basically all their actuarial tables were completely out of date. Oh, I see. In literally just 12 or 18 months.

This is why the insurance market just, I mean, they got their clocks clean for a couple of years there because the premiums they were charging folks were way too low given the cost to repair a car or repair a home. Yes. And so now basically all their actuarial tables were completely out of date. Oh, I see. In literally just 12 or 18 months.

So now as they recalculate all those things, and this is why the insurance spike under Biden didn't really start happening until his last year or so, but it's unfortunately continuing today, and those prices are probably going to stay elevated for a while.