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Morning Wire

OPEC, Russia & Inflation | Sunday Extra

Morning Wire

The Daily Wire

Daily News, News

4.925.6K Ratings

🗓️ 9 April 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

OPEC announced this week that it will be slashing oil production – a move that caught many western countries flatfooted, and sparked fears of higher gas prices and spiking inflation. Get the facts first on Morning Wire. Ad: Birch Gold: No-Cost, No-Obligation FREE Information Kit Text “WIRE"" to 989898

Transcript

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0:00.0

Oh, back announced this week that it will be slashing oil production, a move that caught

0:07.0

many Western countries flat-footed and sparked fears of further spiking inflation.

0:12.0

In this episode, we talk with an expert about the financial and political implications of

0:16.2

the abrupt cut in oil production and how it could hurt the U.S. and potentially help

0:20.7

China and Russia.

0:21.7

I'm daily wire editor-in-chief John Bickley with Georgia Howe.

0:25.8

It's Sunday April 9th and this is an extra edition of Morning Wire.

0:30.1

Hey guys, producer Brandon here.

0:35.3

Inflation has consequences and as the Fed continues to raise interest rates to combat out of control,

0:39.8

government spending, long-term bonds or diminishing in value and crippling banks.

0:43.8

Diversifying your savings is crucial in this volatile market, which is why you need to get

0:47.6

in touch with the experts at Birch Gold Group today.

0:50.6

Gold is a great hedge against the stock market and against inflation.

0:53.7

Birch Gold will help you convert an existing IRA or 401K into an IRA in precious metals.

0:59.0

Text Wire to 989898 to get your free and forget on gold today.

1:02.8

That's Wire to 989898 today.

1:08.6

Joining us to discuss is Christian Coates Oryxson, Middle East Research Fellow at Rice University's

1:13.6

Baker Institute.

1:14.9

Welcome Christian.

1:15.9

So tell us about OPEX's decision to cut oil production.

1:19.1

How much are they cutting?

1:20.4

Well, the announced cuts about 1.7 million barrels a day in total if you include rushes

...

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