Peter Schiff Says Trump’s Gas Price Promise Has a Serious Problem

• The US Strategic Petroleum Reserve fell 17 million barrels in five weeks to a one-year low.
• Brent crude briefly hit $126 per barrel after reports of fresh US strike plans against Iran.
• Total US oil exports surpassed 14 million barrels per day for the first time in history.

Bitcoin critic and gold advocate Peter Schiff did not hold back Thursday. President Trump has assured Americans that gas prices will drop sharply once the Iran war ends. Schiff’s response cut straight to the problem.

“The war may not end for a long time,” Schiff said, “and even when it does, risk premiums will remain high as peace may not last. Plus, demand may spike as nations rush to build reserves.”

It is a three-part argument, and each part has data behind it.

The Reserve Problem Nobody Is Talking About

While Trump promises relief ahead, America’s energy cushion is disappearing. The …

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