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In other -- -- -- in the Middle East is actually helping to drive oil well over a hundred dollars a barrel.
And gas -- already soared above four bucks a gallon in some areas.
Gulf -- -- to Oprah trials he says.
Whether it gets its it was he's gonna talk about whether or not it's gonna get a lot worse because I think -- -- for the war zone.
Definitely -- because -- -- actually we saw it come down like many weeks in a row but all of sudden it's spiking and it's hard to believe that would.
Crude oil at 105106107.
That death is gonna say this neighborhood it's in them.
No it'll probably go up and follow crude eventually.
But we still the good news is was -- a long term trend down in.
Oil and natural gas prices because of the miracle shell drilling here in the US plus domestic production the US is up.
Ironically however as.
WTI and Brent spread come together and remember -- was as much as twenty dollars higher a year ago and now it's about even.
We're still alive tethered to the world solo events like he -- Do spill over into US prices -- but remember were exporting oil today so if if we have a major mideast eruption.
We are not inoculated were not in sore from it but does it does affect us even though he -- There's not a big producer itself and I don't think this who has we'll get it close.
I think it underscores the real problem in the mideast today.
Which is -- Sunni -- split.
I think it gives -- your former just said there are no good guys in that one.
There and and then back we're they were were saying extreme violence in Iraq also sectarian based violence.
You mentioned W two -- for the audience -- west Texas intermediate.
Why why are domestic oil starting -- oil starting to move some attire so rapidly.
Well because we are tethered to the world.
Anybody any traders anybody there's damn -- and were all market -- say well look at it and say.
There it in the Saudi Arabia where who produce ten million barrels a day.
Oh boy well -- -- 40% of their population is Shia and the rule is assuming.
30% of the popular -- of the eastern zone.
Where they -- saw there oil are -- Azerbaijan.
Iraq as you pointed out earlier in Iran have big Shia populations.
And the struggles we have seen go on in Egypt and Syria really she assumed -- -- a -- was -- it was president most say who said.
-- this year is -- greater threat.
To the -- and Jews and when you get an Arab leaders say something is inflammatory.
And crazy is that it tells you how bad the she assumes what is.
And you know you talked about the idea of not knowing who to root for that maybe they're not being any good guys for say it's extraordinarily frustrating but the good news is maybe.
Because of our economic miracle here with fracking and so forth let's hope they don't tinker with it because we did not want to get caught up in this spike in crude oil.
Joseph thanks I really appreciate it.
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