2008 Oil hit all time highs of $147
With adjusted inflation, oil present day would need to trade north of $200.
We are halfway there.
The longer the conflict in the Middle East continues, the higher this goes.
But, imo, any sort of even slight semblance of negotiation conversations, this will adjust QUICKLY back toward the downside.
Price changes over last year (January CPI report)
Gas Utilities: +9.8%
Electricity: +6.3%
Food away from home: +4.0%
Medical Care: +3.9%
Shelter: +3.0%
Overall CPI: +2.4%
Food at home: +2.1%
Transportation: +1.3%
New Cars: +0.4%
Used Cars: -2.0%
Fuel Oil: -4.2%
Gasoline: -7.5%
🚨🇺🇸Peter Schiff: ‘The dollar is going to collapse, the dollar is going to be replaced by Gold.
We are headed for an economic crisis that will make the 2008 financial crisis seem like a Sunday school picnic.’
🚨🇺🇸 CHAOS ERUPTS AFTER SHOOTING AT CHARLIE KIRK EVENT
Footage from Utah Valley University shows panic breaking out at a Charlie Kirk event, with early reports suggesting he may have been shot in the neck.
Crowds shouted about an active shooter as Kirk was hit, fueling confusion in real time.
The scare comes during an already growing fear over political violence at public events.
Source: @lifeisdriving, @RachelWellingT
🇺🇸 JUST IN: The IRS has finalized rules requiring brokers to report digital asset transactions, including activity on decentralized exchanges.
Starting in 2027, brokers must disclose gross proceeds from crypto sales and provide details about the taxpayers involved.
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