Eric Bolling

We should be in the 60s or 70s.

However, I sent you, you asked me, what is the oil mark?

What are the oil guys, the real boots on the ground?

What are they thinking?

I said, something like,

to the moon or something with that respect because someone one of the traders had emailed me a guy who doesn't need oil prices higher refiner who needs him lower so it's cheaper to run through his system he said off off to the races or to the moon or something like that i watched the trade it really didn't move very much during the speech i kept updating you when he talked about the part where he said we're going to send them back to the stone ages i think that triggered something because that's really where it started to tick up to 99 barrel 100 a barrel

when he finished i think traders were hoping to hear some sort of legitimate off-ramp and it just spiked 101 102 103 105 107 one one 108 or so this morning i got up steve and i was just shocked uh 111 112 a barrel that's 13 15 13 14 a barrel higher and i just have to tell you that translates folks into on on the pump just the overnight move in crude oil there's 42 gallons

to a barrel of crude oil, 55 in the industrial world, but crude oil barrels are 42 gallons.

Unfortunately, that turns into about a 60, 70 cent move up on the pump price just on the overnight alone, what it did overnight.

So anything that's purchased at these levels, it's going to make its way to the system and you'll see a, you know, you could see a 474, 7500

Again, the longer we stay at these elevated levels, the more likelihood it continues to go higher.

My concern is Trump addressed this.

He said, you know, they'll come down soon.

I've been doing this a really long time, Steve.

He can get the oil price down soon.

He can't get...

the pump price down unless he wants to go and like government manipulation of pricing, which we don't want.

We just do not want our, you don't want to open that Pandora's box because the minute Democrat gets in there, then, you know, they can destroy the economy.

So there's a lot going on.

I think there is also very quick, you know, Steve, we, you and I have been talking for three weeks.