Posted on 01/23/2026 12:30:17 PM PST by RandFan
@PeterSchiff
Get ready for an energy shock as oil and gas prices surge. This week’s huge spike in natural gas, today’s jump in crude, and across-the-board dollar weakness suggest much higher prices are coming. All of this will push already rising CPI and Treasury yields to much higher levels.
(Excerpt) Read more at x.com ...
Gas has gone back up 20 cents in the last week...Lots of uncertainty in the world as we move forward.
Man are you going to feel bad when gnp growth tops 10% annually. Agree that we’re in cyclical decline . Breaking against that however is an ai industrial and technological revolution on a scale that has not been seen since the late 1800’s.
If your bet is that it’s all downhill from here— you’re going to be disappointed.
Gold is almost $5000. Silver hit $100 dollars an ounce. Something HUGE is going to happen. The dollar is trash.
He seems to be mixing up California/Left Coast with the rest of the country.
However, today the bond markets were happy.
“Why would any rational person have long term confidence in the American dollar?”
It’s the only game in town.
US Markets (dollars) are worth $110 trillon.
The deepest, richest in the world.
Nothing else comes close.
Yep. Economic growth or decline is rarely linear. The silicon chip has created incredible new efficencies and wealth. GNP continues to grow. Thanks to the discovery of oil Arabia has gone from an impoverished backwater to a wealthy backwater, Yet the dollar continues to decline, urban America rots,politicians remain oblivious, chant nonsense and people are chronically anxious.
Just an FYI, there is no law of the universe that says an “energy shock” has to involve price of anything.
Gasoline stations can run out of gasoline, with huge lines forming, and the price not be different from the prior year.
Oil and its constituent yields are civilization’s lifeblood. There is no way in hell that in a circumstance of scarcity any government would permit its price to destroy a society, and psssst, guess what, if it’s scarce, enforcing low price on change that. Enforcing high price wouldn’t either.
Anyone really think China would ship neodymium magnets to Boeing just because Boeing is willing to pay a higher price?
Scarcity of anything need have no relevance to price.
WTI Crude Oil spot price is $59.21 per barrel, down 0.38% from last week’s $59.44.
The Average Crude Oil Spot Price (weighted average of WTI, Brent, and Dubai) is $60.88 per barrel, down from $62.34 last month and $72.31 one year ago.
Those are the current spot prices for crude.
This is stupid. Spot oil prices have been trending down the last 4 years. Natural gas prices are lower as well.
Schiff told us last year that Trump’s tariffs would trigger massive inflation. The guy is a moron.
Household wealth is not Alaska
That is the mantra of every free spending, debt accumulating politician who ever lived.The county has so much inherent wealth and value , our decendants will be fine regardless of the unpayable debts we leave them The country will be wealthy until its not. Neither a real country or a wealthy entity. Ignore the decline of the dollar is it helps you deal emotionally with the absurdity, but serious people realize a 10% growth measured in devalued dollars does not reflect real wealth creation.
It’s the only game in town.
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That’s not enough to block the harms caused by printing money.
I guess that’s how Japan keeps going last 40 years?
“Man are you going to feel bad when gnp growth tops 10% annually. Agree that we’re in cyclical decline . Breaking against that however is an ai industrial and technological revolution on a scale that has not been seen since the late 1800’s.”
Yep. The stock market climbs a wall of worry they say. That’s Ok because many people probably shouldn’t be in the market anyway.
For all its problems the U.S. is still the place to invest compared to the rest of the world. Yes a crash or correction can occur at any time but if one is tough enough to ride it out then risk is rewarded.
$2.65 at Telegraph and McNichols about an hour ago. Always cheaper in “The Hood.”
That being said it went up a bit this week. however it’s still below the level when Trump took office.
There will be a spike in US natural gas spot prices as long as the cold weather holds, so if your supplier has inadequate supplies contracted, you will take a hit.
Sell sell sell so Peter’s friends can buy buy buy.
Energy prices are going to skyrocket in California, Nevada, and Arizona because of idiot Newsom’s anti-oil policies causing refineries to shut down.
oil stocks didn’t budge, so i suspect “shock”, “surge across the board”, and “huge spike” are clickbait bullshit ...
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