Vic Harris

Trump was like, this is only in the last two weeks.

And yeah, there's probably people that believed him, but it's been nearly two months now.

And I think it will be in the

long run there will be fast tracking of like renewable energy projects and stuff but right now like the European Union has now started to drop opposition of like new oil and gas sites in the Arctic like there's lots of things where they said no no no no we're not going to do any more oil and gas exploration and now they're reverting they have to like

Europe is really, really struggling, and it doesn't matter now if you get your oil from the Middle East or not.

The whole oil price is still up near $100, and that impacts everyone.

Even if you're getting your oil from the US, the price of that oil is $100 a barrel, so it's very much...

Yeah, still hurting everyone in the world no matter where you get your oil from.

And to put that in perspective, people haven't been listening.

Like we were at $56 in December and we're now at $100 four months later.

There's double.

That has to flow through to inflation.

Because I guess you'd look back at when this happened before in the 1970s when it was much, much worse because pretty much the whole world relied on oil from the Middle East and it was a complete stop.

So it wasn't just what is 25% of the world's oil.

So that was way, way worse.

Sorry, what happened in that?

It was essentially some disagreement and then they just like completely – they said that we're not –

exporting any oil.

So it was a similar situation where it was essentially the Middle East didn't stop exporting.

There wasn't other places where the US wasn't as big back then in terms of its oil exports.