As it was in the mid- to late-1970s, America is submissive to world energy markets once again. Prices were at $53 per barrel on Donald Trump’s last day in office and are rising fast to $90 or above. Economies around the world are roiled by energy prices and regimes such as Iran and Venezuela have expanding power as they sell oil without consequence under Joe Biden who has lifted sanctions on both countries. Watch Erik and Mark discuss the consequences for energy markets and raging conflicts around the world.

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