Steve Moore and economist EJ Antoni evaluate the economic volatility triggered by escalating Middle East conflicts and their subsequent impact on global energy markets. The discussion centers on the unpredictable nature of oil and natural gas prices, emphasizing that while market futures suggest a short-term disruption, military instability makes long-term forecasting nearly impossible. A significant portion of the dialogue critiques the energy policies of the Biden administration, arguing that a lack of domestic excess capacity has left the United States vulnerable to global supply shocks despite being a major producer.
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