Could send gas prices to $300 per barrel or over $10 a gallon
Intro: The Biden administration is reportedly cutting off purchases of Russian oil. The Drudge Report says that might push the oil prices to an all-time high of $300 a barrel, or about double the prior record high of $145 a barrel in 2008.
Our guest is Devlyn Steele, a financial analyst, and spokesman with Augusta Precious Metals. He joins us to help forecast the future prices of oil and other vital sectors. Welcome, Devlyn.
Talking Points:
- If the U.S. stops buying Russian oil, what impact will that have on U.S. gas prices?
Answer: Russia is the 3rd largest oil producer, behind the U.S. and Saudi Arabia, so it will significantly impact gas prices. We can see over $10 a gallon.
- Biden is talking about releasing oil reserves to help offset price increases. But is that a long-term solution?
Answer: No. that’s a small amount of oil and a short-term solution.
- It seems like just yesterday that the U.S. was energy independent and a net oil exporter. What happened?
Answer: Biden happened. The first thing he did in office was to cut off the Keystone pipeline and block drilling and fracking.
- Why would he do such a thing?
Answer: He’s hostage to the Green lobby, the radical environmentalists who’d sooner see no humans left on the planet than to see increased oil drilling. If he were to go back to Trump’s successful energy policies, we’d see gas at $2 or lower again, but that would irk AOC and the rest of the Green squads out there.
- What could be the inflationary effects of a Russian oil ban?
Answer: Food, housing, and other staples are escalating out of control. Gold is likely to break its $2068.45 all-time high very shortly.
- You and your company are firm believers in holding tangible assets like gold or silver as a hedge against inflation. Tell us more about that and about your company, Augusta Precious Metals, and where we may get more information on tangible assets, including gold.
NOTE: Please give out this contact information:
Augusta Precious Metals (800) 295-2848
Website is: Augustapreciousmetals.com
ABOUT DEVLYN STEELE…
Devlyn Steele began in 1983 as a financial analyst for Butler Aviation and went on to work for UPS and People’s Express Airlines. As his career has progressed, he’s been an analyst in various industries, from finance, manufacturing, and technology to venture capital and more. He has sat on the boards of several Silicon Valley and technology companies and still does.
He is a member of the Harvard School of Business analytics program and predicted the housing crash in 2008 and the rise in gold and silver that followed.
Devlyn is an avid investor in all markets: real estate, stocks, gold and silver, and cryptocurrencies, and is a gold bull.
Devlyn is the director of education for Augusta Precious Metals.His focus as an analyst is primarily on Federal Reserve policies that can affect the dollar and precious metals.
CONTACT: To schedule an interview with Devlyn Steele, email jerry.specialguests@gmail.com or call Celinda Hawkins at (432) 349-2736.
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