How to Invest During a Crisis: Oil, the Dollar, and What to Do Right Now with Lauren Simmons
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Why are oil prices skyrocketing right now?
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What is the Petrodollar system and why is it important?
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Is the U.S. dollar still a safe haven for investors?
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How can volatile markets create wealth-building opportunities?
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What percentage of your portfolio should be in oil investments?
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Why is Lauren skeptical about the dollar's stability?
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What investment strategies should you consider during a crisis?
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That is Chime.com slash MNN. I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab. Oil prices have gone crazy. And yes, of course, this is going to affect gas prices. But the impact could spread way beyond what you pay at the pump. It could create a ripple effect across the global economy. You're about to hear a conversation I had with Lauren Simmons. She's a former trader on the floor of the New York Stock Exchange about where markets are, what's driving this volatility and what you as an investor should actually be doing about it. But first, a quick primer, because I just want to lay the foundation of what's really at stake before we dive in.
As you know, the conflict in Iran is driving up oil prices. When economists talk about the price of oil, you're almost always hearing about Brent crude. There is more than one type of oil, but Brent crude really sets the price for roughly 80 percent of globally traded oil on the planet. Right now, Brent is high, driven largely by disruptions to shipping through the Strait of Hormuz. How high? Well, Lauren and I talk about that later. But I want to clear up some confusion. You've probably heard that the U.S. exports more oil than it actually uses. So you might wonder, well, why the heck are gas prices going up if we produce our own oil? But crude oil and gasoline are not the same thing. Crude has to be refined before it becomes anything you can actually use.
And here's the problem. The U.S. produces a lot of light crude, but many of our Gulf Coast refineries were built to process the heavier crude from other countries. They literally aren't designed for what we're pulling out of, say, the ground in Texas a la Landman. Plus, oil is a globally priced commodity. American consumers are fully exposed to global price swings no matter how much we produce at home. There is no just use our own oil option. Higher oil doesn't just translate into higher gas prices. It also means shipping gets more expensive. Travel gets more expensive. Life gets more expensive. The oil problem doesn't just affect prices. It also affects the value of the dollar. Sometimes in good ways, others not so much.
In the 70s, the U.S.
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Chapters
8 chapters
1
Why are oil prices skyrocketing right now?
0:00–0:04
2
What is the Petrodollar system and why is it important?
0:04–0:06
3
Is the U.S. dollar still a safe haven for investors?
0:06–0:17
4
How can volatile markets create wealth-building opportunities?
0:17–0:36
5
What percentage of your portfolio should be in oil investments?
0:36–0:42
6
Why is Lauren skeptical about the dollar's stability?
0:42–1:45
7
What investment strategies should you consider during a crisis?
1:45–2:05
8
Is there a bubble in AI investments right now?
2:05–38:30
Speakers
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