Russia has just announced it is cutting off gas to Poland and Bulgaria. What will this do to our two NATO partners? And what impact might this have on gas prices in the United States. Helping us answer these questions and more, is Blake Harbin, CEO of Houzzle Financial. Welcome Blake.
Q&A:
- European leaders say that current gas contracts between Russian and European countries call for payments in Dollars or Euros. So how can Russian energy giant Gazprom unilaterally change the terms, demanding Rubles instead?
Answer: Easily. Russia invaded Ukraine unilaterally. Russia can change any terms any way they want. Neither is legal nor proper.
- What has been the response by Poland and Bulgaria?
Answer: Poland is saving face, saying it was planning on dropping to cancel its Gazprom deal at the end of the year anyway. Bulgaria says it has enough gas for now. I don’t necessarily believe either will have sufficient gas supplies and will look to the U.S. for energy. We were energy independent under a Trump presidency, and this would not have been an issue for several reasons.
- What might be some of those reasons?
Answer: Under Trump, we were a net energy exporter. But the first thing Biden did was kill the Keystone XL Pipeline and take oil-rich areas off-limits for drilling and oil exploration. Biden also choked multiple supply chains over his anti-capitalistic regulations. In short, he sabotaged our energy supply and the U.S. Economy, triggering record inflation, and the worst is yet to come.
- How much worse can inflation get. It’s already the worst in 50 years.
Answer: it’s at an annualized rate of 18% currently. If it passes 18.5% and stays that high or higher, it will be at more than a 100-year high. Think possible $10 a gallon gas prices.
- You are a mortgage lender and a finance expert. Can you project any other trends we might expect during the remainder of the Biden administration?
Answer: At the rate things are going with Biden’s nonsensical energy policies, we are on the threshold of seeing a quantum shift from international financial transactions being denominated in dollars to other currencies. This could be disastrous to the U.S. economy. Imagine if we had to pay for purchases in Rubles or Renminbi, aka the Chinese Yuan.
- You are a congressional candidate in Georgia’s sixth district. If the people of Georgia send you to Washington, what programs and policies would you support to help get our economy back on track and where may we learn more about your campaign?
Answer: BlakeHarbin.com That’s Blake H-a-r-b-i-n dot com.
GUEST: Blake Harbin, CEO of Houzzle Financial, a top mortgage lending company in the Southeast.
MEDIA CONTACT: To schedule an interview with Blake Harbin, email jerry.specialguests@gmail.com
