Making Money Minute with Ron Hiebert - Oil Price Sweet Spot
Oil prices are in the goldilocks zone of not to high, and not to low, but seemingly just right. NATO countries like current prices because it puts the squeeze on Russia’s war financing. Saudi Arabia likes it because as a low cost producer, it allows them to increase market share. Trump likes it for taking some of the inflationary pressure off consumers caused by his high tariffs. China and India like today’s prices, because it lowers their manufacturing costs, and makes their exports more competitive. Prices are in a sweet spot. Producers are making money, while consumers are getting a break. For more information, listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
