Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

• Here comes $7 gas prices, warns oil strategist in dire outlook
• Drivers best start bracing for another surge in gas prices amid the conflict between Russia and Ukraine and years of under-investment by the oil industry, warns one veteran energy strategist.
• Energy Word founder Dan Dicker said on Yahoo Finance Live.
• “My guess is that you are going to see $5 a gallon at any triple-digit [oil prices] … as soon as you get to $100. And you might get to $6.50 or $7.
• Dicker said oil prices could shoot higher to $150 a barrel, or in line to the “super spike” highs from 2007.
• WTI crude oil has climbed 13% in the past month to $94 a barrel. Russia produces 10 million barrels of oil a day, the equivalent of 10% of global demand. Any loss of that oil due to geopolitical issues could cause a tightly supplied market to become tighter, pushing prices for the hydrocarbon up.

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