An attempt to blunt rising oil prices

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Recorded19 Mar 2026

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Show notes

War continues to rage in the Middle East, and energy infrastructure is a major target. The price of oil has surged to $115 a barrel, and gas in the U.S. is now averaging $3.88 a gallon — up almost a dollar from before the war. President Trump recently waived the Jones Act in an attempt to lower oil prices. Will it work? Also: what's next for the Federal Reserve, and where U.S.-China relations currently stand.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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