Hello, fellow global capitals, hope you're well.

So everybody knows what's happening in Iran and what's happening with oil prices.

They are skyrocketing.

And some experts are saying they could go as high as $200 a barrel.

So we have to ask the question, even if it goes above 100, how is this going to impact

inflation? Consumer prices, because everyone knows energy is the economy. It's an input to almost

every single thing that we buy. So we've got to think this through. And how is 2026 going to play out?

Is it going to be another version of 2021,

2022, where the CPI goes up to 9%, maybe higher, 10%, 12%. Who knows? Let's go ahead and let's go ahead,

excuse me, and connect some dots on this video. First and foremost, I want to go over to, let's do CNBC.

And right here, headlines, $100 a barrel oil,

prolonged Straits of Hermuz closure,

could spark a 1970s style energy shock. Now, whenever we come out with these headlines, it's always kind of a narrative. And very rarely do people actually check the facts and go back

in history and ask, okay, well, what did happen? Not just regurgitating what the mainstream media

or social media tells me.

So that's what we're going to do right now.

Let's go back and look at the price of oil in the 1970s.

So I've got a chart here.

And you can see this is the oil shock that everyone refers to in 73 74 where 73 July oil is trading

right around $3.56. Then we get this spike up to $4.31 and then boom. Within a matter of a month,

it goes, it literally doubles, more than doubles. So a lot of people contribute the inflation that we had in the 1970s to this oil shock.

But I think that's disingenuous because if you look at consumer prices, they were trending up going way back to the late 1960s.

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