Eric Bolling
๐ค SpeakerAppearances Over Time
Podcast Appearances
We're not that sensitive to the Strait of Hormuz oil flowing through there, but we are sensitive because it's like a tail effect.
So when Middle Eastern crude jumps up $10, $20, $30 a barrel, ours is going to as well.
Why not just let them handle it?
The off-ramp was, and he was right.
There, let them handle it.
We did our job.
We eliminated their ability to deliver a nuclear weapon.
And the Iranian people, the Persian side of the Iranian people could say, you know what?
Screw you guys.
We want something different.
That was the off ramp.
I think the market stayed calm until when he was concluding.
It literally didn't jump until he finished.
They were looking for...
a definitive exit strategy.
And he didn't provide that.
That would have been a certainly calming tone.
As soon as he was done, Steve, it was off to the races.
And we're talking, you know, hundreds of billions of dollars in value of oil trading from $98 a barrel to $112 where it is today, right now.
Steve, the speculators right now are a fly on the ass of the oil market right now.