How could war in Israel affect oil prices?

November 22, 2023/in /by Rudolf Huber

The war in Israel might provide Biden with the excuse to kick the curbs out from under shale and allow it to go ahead full steam. Professional politicians like Biden have no qualms with turning on their heels and coming back on promises they made just 5 minutes earlier. A backbone is a liability in high-powered politics so those folks never even grew one in the first place. Much easier to wiggle. In a sense, I don’t care what subterfuge he uses to do the right thing. I only care for results and taking the leash off shale is certainly the right thing to do for America. A more stable America will also be able to help its friends out.

Yardeni Research President Ed Yardeni analyzes how the war in Israel could disrupt supply chains and affect inflation in the U.S. on 'Barron's Roundtable.' #...

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