The David Lin Report · Friday, September 18, 2026
Todd Horwitz suggests that high oil prices have contributed to the Federal Reserve's rate hikes due to their impact on inflation. He also posits that oil companies might be intentionally limiting refining to keep prices artificially high and maximize profits.
“You know, the price of oil is also what made the Fed kick rates higher because the inflation factor due to oil, considering that fossil fuels are about 80% of our economy from the gas we use to drive to the shipping of goods to the manufacturing of plastics.”
“And again, I think right now you're seeing a game being played by the oil companies that they're not refining to keep these prices high because as we said on your show, oil companies would have record profits. And certainly they did.”