Hello, local capitalists hope you're well. So we got breaking news out of Saudi Arabia. They could be trying to create inflation potentially to cost Biden the election in 2024.

So let's dive into this article

and I'll give you my thoughts

and then at the end we'll connect the dots,

see what the probabilities are of prices increasing in the United States for the average American moving into 2024.

How is this going to impact your pocketbook?

That's the bottom line.

So this from Bloomberg, OPEC oil data

show 3 million barrels shortfall on Saudi supply squeeze.

So for those of you guys who've been watching my videos, you know that we talked about

OPEC doing another production.

I think that actually Russia joined them in extending these production cuts that they had in place.

And my view, I'll let the cat out of the bag here a little bit, my view is they're doing this because they see what we see,

or we talk about on the channel all the time with the future demand dropping off a cliff

due to a recession that are trying to get ahead of this. But I could be wrong. So let's go over

this take from Grant Smith and this is again from Bloomberg because he's arguing how Saudi Arabia could be trying to increase consumer prices in the United States

to cost Joe Biden the election in 2024.

That's his angle.

So let's explore it further.

Moving on down the article here, global oil markets face a supply shortfall of more than 3 million

barrels a day, potentially Saudi Arabia extends its production cuts.

The latest data published by OPEC

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