A Concrete Plan to Bring the Price of Oil Down Right Now
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 22 June 2022
⏱️ 50 minutes
🧾️ Download transcript
Summary
The price of oil is the central threat to the economy right now. Surging gasoline costs crimp consumer budgets. Surging diesel costs make everything more expensive. And of course, we know there are all kinds of structural impediments to increasing supply. But the stakes are huge, particularly since the Federal Reserve has signaled its willingness to throw the economy into a recession, if that's what it takes to get inflation down. So is there anything that can be done? On this episode of the podcast, we speak with Skanda Amarnath, the Executive Director at Employ America, as well as Rory Johnston, the founder of Commodity Context and an investor at Price Street, to talk about concrete steps that can be taken to increase oil supplies and bring about price stability.
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Transcript
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| 0:00.0 | Do you know what your interest rate is on your savings account? |
| 0:02.7 | I bet it's lower than you think. |
| 0:04.4 | Go ahead and look. |
| 0:05.2 | And in the meantime, I'll tell you about US Treasury bills on public. |
| 0:09.2 | As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity. |
| 0:16.2 | That's the highest rate on six-month Treasury bills since the year 2000. |
| 0:20.0 | Go to public.com slash T-Bill podcast to get started. |
| 0:23.8 | This is a paid endorsement by public.com, |
| 0:26.0 | fees and conditions apply. |
| 0:27.3 | Treasury accounts at public.com or through Gico Securities Inc. |
| 0:30.4 | Member Finra and SIPC. |
| 0:31.8 | Not FDIC insured? |
| 0:33.1 | No bank guarantee. |
| 0:34.0 | May lose value. |
| 0:34.8 | Full disclosures can be found at www.public.com slash T-Bill podcast. |
| 0:56.0 | To affordable healthcare and combating food insecurity, |
| 1:00.0 | executives from Deliveroo, Siemens, Graphcore and more |
| 1:03.0 | will examine where tech innovation can take us. |
| 1:05.4 | Learn more at BloombergLive.com slash tech summit 2023. |
| 1:20.8 | Hello and welcome to another episode of the AdLots podcast. |
| 1:25.0 | I'm Joe Weisenthal. |
| 1:26.4 | And I'm Tracy Alloweth. |
... |
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