I'm John Batchler, the American economy, the global economy.

I welcome Elizabeth Peake. She has a column at the

Hill, a column of Fox News, much on Fox Business, to comment on the Iran conflict, the straight

of hermuse, and the price of a barrel of oil. Liz, a very good evening to you. I read the European

response, the American response. I especially enjoy the

economists for the big banks who have projections based on numbers that are blindingly

obscure to me, but I like the conclusions often. However, with the price of a barrel of oil,

I've always been taught, higher is not better, and too high is really negative.

What is too high?

I've never had a good number.

It's been between 60 and 70 for some time.

Now it's at 100.

That looks negative.

It's at 104, it touches 105.

I hear the threat is 120. The let's talk about the end of the world. People mention 150. What is a barrel of oil too high and how long can we

sustain this present day-to-day excitement over a barrel of oil. Good evening to you.

Good evening to, well, there's not really a single number. Obviously, it's a gradation.

And as you say, higher is not better. The price of oil going up means the price of a great many other

products also grow up, not just gasoline and diesel, but obviously plastics, fertilizer.

You're beginning to hear from farmers that they're having to pay more for fertilizers. That

means the price of food goes up. You know, for a long time, Donald Trump has been working very

hard to increase domestic production, make sure that oil producers in the United

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