High Energy Prices Are Giving Way to Higher Energy Prices HD
Though West Texas Intermediate backed off its intraday high of $119.98, a fresh surge for crude oil has analysts invoking the old “the cure for high prices is high prices” chestnut. Food and energy costs are already dragging down household sentiment, as US consumer confidence fell in May to the lowest since February. And oil’s surge may have only just begun. “Energy prices are set to blow minds this week,” tweeted Tony Greer, founder of TG Macro and editor of The Morning Navigator. “I love that there is still a bearish camp out there talking ‘demand destruction’ because it helps you stay in the trade.” Tony joins Real Vision’s Maggie Lake to talk about energy and inflation. We also hear from Keith Weiner on the future of gold. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3zd27su. Watch the full conversation between Keith Weiner and Mike Green here: https://rvtv.io/3wY0tsa. Thanks for watching The Daily Briefing. Sign up here with your email address to have every episode delivered to your inbox Monday-Friday: http://rvtv.io/DailyBriefEmail Subscribe to our channel now for more videos like this one: http://rvtv.io/subscribehere Do you want even more content like this? And to see this video before we release it here? Become a member of Real Vision -- get started here: https://rvtv.io/membership About Real Vision™: Real Vision™ is where you can gain an understanding of the complex world of finance, business and the global economy with real in-depth analysis from real experts. Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Facebook: https://rvtv.io/facebook Linkedin: https://rvtv.io/linkedin High Energy Prices Are Giving Way to Higher Energy Prices Disclaimer: This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors , agents, suppliers and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its A