Oil Shock - Oil Prices Heading to $80 a Barrel

In today’s Big Picture episode, Jim Puplava and John Loeffler discuss how oil prices have been climbing. Now that summer is almost upon us, we look at expectations for oil prices to head toward $80 a barrel. In the second part of the Big Picture, we discuss concerns with the Federal Reserve and why we think the Fed is quickly becoming the "epicenter of the next financial crisis" to face the U.S with 1) higher interest rates 2) a higher dollar and 3) rising oil prices.

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