Economist Stephen Moore discusses the impact of the Iran situation on oil and gas prices, noting potential temporary inflation but long-term bullish prospects on ‘Varney & Co.’
00:00 Initial Economic Outlook: Tough Sledding Now, Bullish Long-Term
00:45 Oil Prices & Iran Situation: From $110 to Potential $55-60
01:10 Inflation Forecast: Temporary Bump to 4-4.5%
01:30 Diesel Prices & Industry Impact
02:30 Global Oil Supply & US Net Exporter Status
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