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The Ben Ferguson Podcast

BIDEN plays politics with SPR and Pence moves on a 2024 run by 'blaming' Trump for Jan 6!

The Ben Ferguson Podcast

iHeartPodcasts

Politics, News, News Commentary

4.94.7K Ratings

🗓️ 25 November 2022

⏱️ 33 minutes

🧾️ Download transcript

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Transcript

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0:00.0

By an energy advisor says we need to have an SPR,

0:06.0

should you get petroleum reserves,

0:07.4

that's four than it is today.

0:10.1

He says they're waiting for $70 a barrel oil.

0:14.7

Also claiming now we've still got 400 million barrels

0:17.4

of oil, so we're just fine.

0:18.5

Even though this is the lowest,

0:20.0

it's ever been in our lifetime.

0:22.1

The palace injury.

0:23.3

Well, okay, so a couple of things.

0:26.1

Number one, China lockdowns.

0:29.1

Yeah.

0:30.0

And the fed raising rates

0:31.8

and trying to orchestrate maybe a slowdown at least,

0:36.2

whether it's a recession or not.

0:37.8

Those aren't the greatest ways to lower the price of oil.

0:40.7

Plus, we've been tapping the SPR,

0:43.3

which a lot of people criticize,

0:45.2

especially if we're down below $80,

0:47.4

we're not the day, we're back up.

0:49.0

But definitely time to end that.

0:50.7

When would you start buying back the oil

...

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