In 2022, Biden released strategic petroleum reserves to bring energy prices back down from a spike, preventing prolonged inflation; Trump's response to a future oil spike at $120/barrel is uncertain—he could either release reserves like Biden did, or restrict US energy exports and implement energy protectionism, potentially creating a world with structurally higher global energy prices.
forecastpending
Speaker
Louie GavelsonEvidence Quote
“Let's imagine that tomorrow either because of what's going on in the Middle East or what goes on in Russia or whatever that all goes back to 120 bucks. Um and then the question become how does Trump respond to this oil at 120 bucks? [23:26]”
Source
Louis-Vincent Gave: The Dollar’s Breaking? China’s Winning? The End of U.S. Dominance?— WealthionCreated: 8/11/2026, 7:21:20 AM
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