[JAY YOUNG] Russia to Cut Oil Production by Half a Million Barrels a Day | WTVN | 2/13/23

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Russia to Cut Oil Production by Half a Million Barrels a Day | WTVN | 2/13/23

Suggested Description: WTVN via FOX News Radio recently asked Jay Young to come on the air 🎙 in Columbus, OH to discuss the recent news that Russia is set to cut oil production by at least 5%. Jay, a fourth generation oil and gas expert, shared his expertise on the Legacyretirementgroup.com phone line.

He began by discussing the implications of President Biden’s decision to discontinue the Keystone Pipeline project and how it would have supplied the US with enough oil that we wouldn’t have needed Russian oil. He then went on to explain how any disruption in oil anywhere around the world affects the global market and that the lack of an increase in rig count by the major oil and gas companies is also contributing to the rising prices.

Jay Young also discussed Chevron’s global presence and their decision to spend billions in stock buybacks rather than increasing production. He explained that board approval is necessary to increase production and that the internal rate of return needs to be taken into consideration when deciding to drill.

Finally, Jay concluded with a reminder to check out his book, ‘The Upside of Oil and Gas Investing’ at kingoperating.com. #oilproduction #oilandgas #Russia #PresidentBiden #Chevron #JayYoung #TheUpsideofOilandGasInvesting

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TEST Why are food prices stubbornly high even as inflation cools? | WTAM | 01/10/2023

Video URL: https://drive.google.com/file/d/1qeex8OLcwzHO4Q9ejvnlJ89PV3BWv_ZG/view Just had an amazing interview on WTAM in Cleveland! While discussing the topic of rising food prices with Stephen Patterson, financial strategist and director of client Relations for Key City Capital. We talked about the variety of factors that have contributed to the rising food prices like bird blue, avian blue, the conflict in Ukraine, and abnormally high gas prices. Stephen pointed out that it takes a while for the effects of gas prices to work through the system and we won’t see any decrease in consumer food items for another 6 months. We also discussed the potential of rising gas prices this summer, which could erase any relief we were going to see with food items. Stephen emphasized how important it is that we create a domestic energy policy and how the Fed is using the tool that they have, but Congress has the power of the purse. ##Additional Comments This is cool. At the end of the interview, Stephen shared his wisdom on our financial situation. It was an enlightening conversation, and I’m glad to have had the opportunity to talk about this issue and the potential solutions. Make sure to listen in to WTAM for more great interviews!

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