Matt Randolph
👤 SpeakerAppearances Over Time
Podcast Appearances
They're going to have to do that.
Um, and I don't think you have to use the Defense Production Act to do that either.
I think you can just declare an emergency and, you know, but, um, yeah, that's the real concern right now is our inventories.
Because once your inventory gets that low, oil can go up or down $10.
Gas is still going up no matter what, because you're just out of inventory.
It's the supply side of supply and demand.
And once you lose that supply side, you're done, right?
So we'll just have to see what happens.
If we get a run on gas, we're still going to be fine.
It's not that we're going to run out of gas.
I'm saying the price of it is going to be very expensive.
This whole thing creates this vicious feedback loop where every action makes the last action worse.
High gas prices, you get a run.
Low inventories, you get a run.
That makes inventories worse, makes gas prices higher.
It's a cycle you have to break out of.