4.4 • 1.2K Ratings
🗓️ 5 October 2022
⏱️ 59 minutes
🧾️ Download transcript
Interest rates are up, oil is going back up, the war keeps going- could this lean America towards electing another Trump intent on destroying Democracy? Richard Wolff shares his insights.
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0:42.6 | This is the Tom Hartman program. |
0:46.4 | A lot going on today. Professor Richard Wulf will drop by to talk about the impact of this |
0:52.3 | massive increase in the price of oil that we're about to see as a result of an OPEC action, |
0:57.1 | tell you about that in a moment. |
0:58.6 | Also, will Jerome Powell, Mohammed bin Salman and Vladimir Putin succeed in bringing the entire |
1:04.8 | world's economy to its knees? I think so. The OPEC plus, it's like OPEC plus Russia, basically, |
1:13.2 | which has become a hate democracy club. I don't know how to say it, other than that. |
1:19.0 | Russian foreign minister, but their oil minister, is the co-chair of this meeting, |
1:24.2 | along with the Saudi minister, you know, acting on behalf of Vladimir Putin and Mohammed bin Salman, |
1:30.8 | and they just cut oil production by two million barrels a day. |
1:34.4 | That's, you know, two percent of world oil production, and that's not inconsequential. |
1:38.8 | We're going, you know, the goal that they have explicitly stated is to get oil back up above |
1:43.2 | a hundred dollars of barrel, which means the gasoline prices in the United States will be back |
1:47.2 | up above five dollars and arguably above six dollars in gallon, just in time for the election. |
1:54.4 | Now, do you think that Putin and Mohammed bin Salman might really like to get rid of Democrats |
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