Palisades Gold Radio · Thursday, July 30, 2026
Bob Moriarty, a geopolitical analyst and founder of 321gold.com, warns of an impending surge in fuel prices, likening the current global situation to the brink of World War III. He attributes the recent drop in oil prices to market manipulation and the depletion of strategic petroleum reserves, predicting that these factors will soon reverse, leading to a significant price increase.
“We went from being peaceful and the price of oil coming down to full stage almost War III.”
“So the strange thing is we have this bizarre situation where in the middle of war that affects energy. Why wouldn't oil go down 18% in a week. And the instinctive answer is manipulation.”
“So instead of increasing 300% like it did in 1973, it went up a marginal increase and it came right back down.”
“All of those headwinds are now tailwinds. The SPR is being depleted, Cushing is flat, SPRs around the world have been depleted.”