Eric Bolling

They produce a lot of coal, but almost no oil.

So they're at great risk and they're trying to cut deals around the globe.

They have a deal with Russia, but Russia's on its heels too.

I mean, they're spending all their money on whatever...

the situation they got with ukraine and their infrastructure is becoming dilapidated too then as well so you look at all these countries if they don't pay attention to their their oil infrastructure it starts to break down and goes away so china's at massive massive risk so is india they need the oil as well um but they're they're not interested so it's really difficult do you want to put your boot on the neck of china who's our

our greatest adversary bar none their greatest our greatest adversary by doing so though you're dry you're allowing the price of oil and gasoline to go up in a midterm election year it's very very politically dangerous he's got he's got a balance beam he's got to be nadia coleman h and try and get his way through this you know across the balance beam without screwing

economy up and still laying into Iran, getting rid of their nukes, getting rid of their power structure, and also maybe kicking China in the butt.

I don't think Trump realized that the Iranians would hold out as long as they are.

They got a lot more will than probably anyone truly Trump and I expected.

Yeah, they're likely going to extend this as long as they can.

So Trump's got to either step back and somehow talk his way until we pull back on purpose, and then maybe things calm down a little bit.

It doesn't look like that.

I have a good friend who's probably the top oil trader in the world, working for a U.S.

oil company, trading massive amounts of crude oil.

He believes...

We're in a very, very precarious position right now.

He thinks oil will be up $1 to $2 a barrel every couple of days going forward, and he'll see an end to it.

And he thinks our equity markets are a major risk to that because, look, we had high inflation.

We had a higher number for inflation today, and that's without the run-up in oil prices, which happened another 30 days since they were reporting that number.

So we're going to see a lot higher inflation numbers.