Well, ladies and gentlemen, it has happened.
The forecast that people thought I was crazy
to make is now here, and now for the fallout of this.
So what are we gonna talk about today?
A lot of stuff.
I think you'll find this live stream very interesting.
Indeed, we've got a lot to cover.
I have no idea how long this is gonna go on for,
but we've got a lot to go over today.
So let's start with the big news,
which affects pretty much everything else.
So everyone's focused right now on the war
and missiles and everything going on.
And finally, I would say the mainstream media has caught up
with what I was talking about a long time ago.
If you ever wanna, someone said to me the other day
that they, I don't exactly know what their job title is,
but they work at Bucky's, right?
They work at an online gambling site.
And they say, we're always watching you
because you say things are gonna happen
way before they do and all this sort of crazy stuff.
So what has now happened?
Oil, let's get onto the shared screen a moment
and I'll show you everything.
Oil has now hit $100 a barrel.
In fact, I broke a sweat over, when was this?
Was this this morning, overnight
when I woke up and saw this, $118 a barrel.
Now, it's even worse than this.
You remember what we talked about on Friday?
I said, Philip, you're heating oil tanks now
and it's up 51% on them.
These were all the energy costs, okay?
And you'll see why this is important very shortly
and we'll talk about G7 and what they are doing as well.
This is a huge mistakes, ladies and gentlemen.
The G7 are about to make a massive, massive blunder.
Which is no surprise to us
because we know that our leaders are not the strongest,
especially the Western leaders.
We'll see what some of the other leaders do.
Maybe sanity will prevail,
but this will create a huge issue.
Now, the other thing people,
I must have been asked this question five times today.
Neil, is Trump telling the truth
about this war being over in five weeks
and energy costs are gonna come right back down
and be cheaper than ever?
I would say probably not.
If this war is over in five weeks,
I will be absolutely amazed, amazed.
The only way I can really see that taking place
is via diplomatic measures.
So if the new leader of Iran,
which is the son of the old leader
and Trump's not happy about this at all,
is if he sort of throws his hands up and says,
okay, we surrender.
I think that's highly unlikely.
Highly unlikely because sons always want to avenge
their fathers and that's obviously
why he was elected as well.
So I don't think this is gonna be over in five weeks
unless it was diplomatic.
If it's militarily, I don't see it at all.
And we're also seeing very skewed,
I don't wanna say too much on it,
but we're seeing very skewed reporting
of what's actually taking place.
There's actually a lot of things happening on both sides.
The way the Western media reports it is as if
it's just, Iran is just helpless
and nothing's even hitting,
everything's just hitting them
and nothing's coming back and things like that.
That's actually not true.
There has been a lot of incidents on both sides as well.
And I think it's really clear important to mention that
because if we don't mention it,
we look at everything with a vision of buyer.
So we've got to look at things as they are.
And you can get news from all sorts of different places
on this.
Some interesting things come through X and other platforms.
So here's what we've got then.
We've got this $100 a barrel
and we've had the oil price spiral maybe slowed
but not stopped by G7 emergency move.
So let's talk about this for a moment then.
Oh, and by the way, if you didn't get the emails
or anything, the new program,
the digital income mastery system is now out.
So it's ready for pre-release.
The first two modules are available.
There's a video, there's a link below.
You can watch this video
and you can actually get access to this.
So let's talk then about this oil situation.
Okay, we've got to go through the oil situation.
I'm just going to go over a few of my notes here as well.
So this is what happened.
G7 ministers had a meeting this morning
and I'll give you some forecasters
a sort of worst case scenario.
So they held an emergency call
and this was to discuss dumping 300 to 400 million barrels
of oil from the strategic reserve.
Oh, and by the way, Segway here,
I was just looking up the,
because Kirsten and I called an emergency meeting
with some of the gas companies and energy companies
and I thought that was interesting.
Why is he calling this emergency meeting
when they're saying that the reserves,
they've got 30% fall and things like that?
Well, let me tell you,
I did a few investigations, shall we say today.
And as of today, the 9th of March,
the stored natural gas reserves in the UK,
this is by national gas,
is only 6,700 gigawatts at ours.
That is equivalent, okay, to 1.5 days supply.
And that's why I said they were falls
for not filling up the strategic reserves weeks ago
when they could have done.
Now, they're gonna have to buy all of this natural gas
from Europe and Europe is also needing to fill up
because they didn't fill up either.
It's painful, it's painful.
So this is not looking good with the natural gas.
It's really not.
So let me go over my thoughts on it there.
Okay, so why were they meeting?
They said that dumping all this oil
would resolve the $108 price,
which is what it was at the time.
That won't resolve it at all.
That's not gonna solve the problem.
That's a drop in the ocean for what it really is.
So if we look at global oil consumption,
this is 103 million barrels per day.
Give or take a few barrels.
And now that we've got the straight of Homoose closed,
this is somewhere between four and six million barrels
that's removed from the supply.
So that's called that four to 6% average
of 5% of the supply.
Already, if you've got no way to ramp it up
and get rid and export, you already got a problem.
You're already gonna see that
and it's gonna ripple through the economy.
Iraq has already cut 1.5 million barrels per day as well.
Kuwait is cut in production,
Bahrain has declared force majeure.
So you take that 400 million barrels.
This is the high end, right?
Of what they're talking about.
And then let's look at that.
Can we divide that by the daily gap?
Either way, yeah, if we divide it by,
you're somewhere in the region of,
I've got my calculator there,
but something like 67 days, 67 to 70 days,
that is basically it.
That's the global coverage.
That is what we're about to see.
And now I wanna pull up a couple of forecasts
I did for you there.
So if we're at $100 a barrel now,
and I'll just give you facts here
and then I'll give you forecast,
that means we'd be looking at two to 3%
by my forecasts of inflation globally.
That is huge.
What will that do?
It will squeeze consumer spending.
It will cut corporate profits.
And this is why this week you'll start to see
through the stock market,
you'll start to see certain stocks falling
because the big funds aren't stupid
and they've got all the algorithms
they will know ahead of time
what is about to fall
and what is about to have issues
as a result of these higher energy prices,
higher oil prices.
So this is what we're gonna see.
We're gonna see oil importers, a lot of deficits.
We're gonna see exporters, Saudi Arabia,
Russian gain revenue.
However, Saudi is now talking about these cuts as well.
You're gonna see a massive drop in GDP,
what 1% just at this level, okay?
So this is just where we are right now.
Now if this goes to say $120 a barrel,
5% inflation global, that won't be equal.
So that will be a lot worse in Europe and the UK,
but 5% global.
You'll then see what we mentioned last week.
So you'll see central banks start to raise rates.
That's gonna have an impact on everything.
Mortgages, et cetera.
So if you've got a mortgage
it's about to renew very shortly.
I'd better consider locking that in.
Up to you, not financial advice.
Possibly stagflation we could see.
GDP drops of easily 2% globally.
And then if we got to $150 a barrel,
which Morgan Stanley has just come out today
and made a forecast that they see $150 a barrel
by the end of, I think they said four weeks or five weeks.
Ladies and gents, $150 a barrel will,
I mean, do you remember the food riots that we saw?
The food riots.
And what was that $120 a barrel?
A hundred, I can't remember the exact amount.
It's between $120 a barrel where we are right now.
This is gonna be bad.
So $150 a barrel, five to 8% global inflation,
global recession, certainty.
GDP contracting by 3%, airlines, autos, chemicals.
They'd go bankrupt.
And I mean bankrupt without government intervention.
You will see war as well.
Often you'll see war breaking out.
So this is not good at all.
Not good at all with everything
that I'm actually seeing here.
So let's go through a few of the articles then.
Actually, before I mentioned that jet fuel,
European jet fuel up over 70% this week.
So if you haven't booked your flight in yet,
you might be too late if you were looking to get a flight.
40% of Europe's jet fuel
comes from the Strait of Homoos as well.
Saudi Arabia has now, we've just got confirmation here.
Saudi Arabia has started oil output cuts.
And yeah, they've started.
It's actually official now.
This is out of Bloomberg today
in the last few hours, Saudi has started.
Europe though, I think is heading towards
a massive, massive energy crisis.
And somehow, Stammer, the UK thinks
they're gonna get their energy from Europe
when Europe hasn't got any.
Gazprom has made an announcement
that the level of gas reserves in storage facilities
in the Netherlands alone is under 10%.
And Netherlands is panicking.
But this was one story I wanted to show you
that I thought was absolutely crazy today.
Crazy, here we go.
Here we go, check this out.
Drivers, this is in the UK,
have been told to stop non-essential journeys
as the strikes send fuel costs soaring.
So Stammer had a lot to say on this.
But let's have a look at a little bit of this here then.
Drivers have been urged to stop non-essential journeys
as fuel prices are set to soar with the cost of oil.
The price of oil is over $100 a barrel.
And by the way, we still got so much to talk about
with the Navy and a huge embarrassment
for the Royal Navy in a moment.
But the AA's president,
and no, that's not Alcoholics Anonymous
for my American viewers.
It's a motor company in the UK,
said he's encouraged motorists
to drive more fuel efficiently.
He said anytime Brent Crude passes $100 per barrel
raises concern across the markets
and for the haulage industry and drivers.
There will be gradual increases in pump prices,
but this shouldn't happen overnight
as fuel has been purchased at previous prices.
Let's talk about that in a second.
Our suggestion is that drivers
should not change their refuelling habits,
but can consider cutting out some non-essential journeys
and changing their driving style to conserve fuel.
Okay, we've got two points to talk about that.
So number one,
why is the head of the biggest motoring company saying,
don't change your driving habits.
He's basically saying, don't go to the fuel stations
and stock up.
Don't panic buying things like that.
Because that's what we're seeing now.
It started out with about a dozen.
I think it's about 30 to 40 gas stations now.
Petrol fuel stations that are seeing this panic.
And of course, when other humans see other humans
panicking and queuing up, they go,
oh my gosh, I must need to do this as well.
What is happening?
I have to do this as well since everyone else is doing.
There must be something going on.
There was an experiment recently where there was a,
I think it was like a conference
and someone shouted, there was a social experiment.
Oh my gosh.
And they ran out the conference.
And what happened was other people looked
and they ran out the car.
And before you knew it, there was a massive,
it was the worst thought out social experiment ever, I think.
But before you knew it,
there was people getting crushed or people running.
They couldn't get out the doors quick enough.
One of the fire exits, emergency exit wasn't open.
It was like chaos.
And this is what you see in breakdown situations.
But even before a breakdown,
this is what you see at the fuel station.
That's why people are starting to do this.
So that's the first point from what he said.
He wants to try and stop people doing that.
But the next one is, he said there'll be
gradual increases in pump prices.
But it shouldn't happen overnight
because it's been purchased at previous prices.
Yes, but what has happened,
the prices have already gone up.
And you think about that
and you listen to them on the TV
and them giving their interviews and stuff.
It's all got absolute nonsense.
There's no way, the fuel in that pump,
there's already in that pump,
can have gone up by 6P, 8P, 10P,
whatever it is per station in the space
since that it doesn't make any sense.
It makes absolutely no sense at all.
And I'm sure you know this as well.
So next story then,
here's what the Prime Minister had to say.
He's warned of an impact of Iran conflict
on the UK economy.
The longer the conflict lasts,
the more likely it is that there will be an effect
on the economy.
He was speaking at a center in London
and he said he understood people's anxiety
and that the government was assessing the risks.
Oh gosh, help us.
He's assessing, assess the risks on the day it happens.
You know the other thing I found outrageous
about not just the UK but Europe.
And this is when you know
that you have got the wrong leaders.
Okay.
So let me tell you,
even if it was a Sunday morning,
4 a.m. and I'm fast asleep,
I would have a line for emergencies first and foremost.
And I'm sure they do.
And as soon as that happened,
I would say call in everyone,
emergency meeting right now.
We get in there.
And anyone who wasn't there,
they're fired, get rid of them,
bring in the next guy.
That's what I do straight away.
Emergency meeting, okay,
let's figure this out.
We need to resolve this problem.
Okay, who are the best forecasters?
Where's Neil?
No, Neil's not here.
Okay, where are the best forecasters?
Get them in here, right?
And then let's look at what could happen.
Let's model it.
No, do you know what they did?
They waited until Monday morning, okay?
So a lot of this was happening on Saturday, Sunday.
This was last,
and this was even last week
when all this started happening.
And then even this weekend,
they still didn't come in
and do these emergency meetings.
They waited until Monday.
The Europeans were the worst for it actually,
the EU.
They waited until Monday to have their crisis meeting.
Even though it was beginning on Saturday night,
they waited until Monday.
These people are the worst of the worst leaders.
They just do not care at all.
So let's see what else he said here.
Oh, we're all in it together.
Yeah, we know that, don't we?
We're all in it together.
We know that line.
He's argued that the economy is in a great place
to withstand this energy shock.
Not exactly sure why he says that.
It's not true.
It's a complete lie.
Global oil prices have surged in recent days.
Yeah, we know this.
The G7 meeting, emergency meeting.
Yes, they've now had their emergency meeting on Monday.
Yeah, they didn't have it on Saturday.
They didn't have it on Sunday.
They waited until Monday
for this emergency meeting as well.
But let me tell you some of the things.
Okay, let's get into the next one.
Here we go.
Allies are preparing a defensive mission
to reopen the Strait of Homoose.
It says Macron.
So this is warships and a lot of attack vessels and things.
But they're saying this is a defensive mission.
I love it when they say that.
I think it's brilliant when they tell the public
they're going to do a defensive mission.
Just be honest, Macron.
Just, no, actually, we know he isn't honest
about most things.
This is embarrassing.
You ready?
Britain's aircraft carrier may need a French escort
to get anywhere pretty much.
It's going to need a French escort.
You can't make this stuff up, ladies and gents.
You really can't.
1.7 million UK homes facing soaring bills
as heating oil costs double in a week.
Again, they're too late.
Look when this came out today.
They're now telling everyone about the heating oil.
I told everyone on Friday about this.
And I know a lot of people messaged and said,
thanks, they got in just before the cost went up.
Almost 2 million homes and businesses across the UK
are facing a major increase.
It could go up as much as double, by the way.
This is really serious.
Look, prices having more than doubled in only a week.
So that is going to hit.
I would fill up now if you're in a more rural area.
I wouldn't be waiting.
The government here and the articles say,
just wait, see how this plays out.
No, don't wait.
They are tricking you.
This is what they do.
They trick you and tell you to wait.
Do not wait.
Okay, a couple of other things then.
Three of the big Gulf countries,
this is Saudi, UAE, Kuwait, Qatar,
are actually discussing as discussions now
to withdraw their investments that they pledged to the US.
This is due to Iranian pressure.
They're also saying it's due to budget constraints
as a result of losing the energy income.
And tourism is a big one.
Countries could reassess the investment commitments
to the US.
They're looking at this as a precautionary measure.
And they, okay.
And also Iran's looking at this
because it could pressure President Trump.
I don't think it will.
I really don't.
But you think about all of those.
What's that about?
Two trillion dollars that those countries had pledged.
That's a lot of money that would be pulled out the US.
Two trillion dollars, that's huge.
Another, okay, this was very interesting.
So there's now sort of rumors or reports
that I don't even think they're rumors now.
I think it's a fact.
The China's actually sent one of their intel ships
and it's providing intelligence to Iran.
So these again are the rumors.
I can't actually tell you that that's 100% true.
But there's been a lot of sites that have been hit now.
And the British and the Americans think
that how Iran, how did Iran do this?
They think it was Russia or China that's providing intel.
And that would kind of make sense
when we look at an article in the moment
what Russia has said.
So this is the Liao Wang one.
It's a Chinese intelligence gathering vessel.
And it's actually in international waters and it's Chinese.
So they've made some, it says they made some warnings.
But again, this is still all unconfirmed
because it isn't in the mainstream media.
So it's hard to confirm some of this
that they can't be attacked or whatever
and that they are on a peacekeeping mission,
whatever that means.
The Washington Post, take that with a grain of salt,
said Russia is giving Iran intelligence
on U.S. warship and aircraft locations,
Chinese and Russian satellite feeds
actively aiding the Iranian war effort.
They've also reported, again, grain of salt,
that Iran has destroyed a number
of these $500 million radar systems belonging to the U.S.
and a huge amount of U.S. hardware and equipment.
And so again, I'm gonna take a little bit of this
with a pinch of salt until it's confirmed.
This was the next one I wanted to show you.
Okay, this is this is this next story.
So Putin has now offered unwavering support
to the new Supreme Leader.
He's congratulated him on Monday morning.
So today, following his appointment
by the regime's assembly of, that's a weird name,
assembly of experts, interesting.
Putin said he was confident he would continue
his father's work with honor
and unite the Iranian people
in the face of severe trials.
He added that Russia would continue
to stand by the Islamic Republic,
saying he wished to confirm unwavering support
for Tehran and solidarity with our Iranian friends.
The Chinese government also warned against any targeting
of the new leader by the U.S.-Israeli military campaign.
Stama said on Monday, he's working to de-escalate.
This one made me laugh, that's why I highlighted it.
De-escalate the situation.
Although, Hekseth, what he said,
this is only just the beginning.
I mean, there's so much going on.
Macron, he's met with the president of Cyprus.
They've sent a battleship positioned off the island
saying that they're gonna defend it because Britain can't.
I mean, ladies and gents,
this is absolutely crazy what's going on.
I mean, I'll be reading your comments as usual
because I wanna know what you think about all of this.
But I just think this is absolutely nuts.
Really, nuts.
And yeah, it is worrying.
But just coming back to that last, the other point I said,
if you haven't checked out the program,
the new program, it's called Digital Income Mastery.
And I really think this will help a lot of you out
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The second part is all about marketing
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I'll leave the link below.
Yeah, pre-release, we're live now.
So apart from that, I think we'll end there today.
I'll see you on the next live stream.
Got lots of good content for you coming shortly.
Take care, God bless you.
God bless your families.
I'll see you on the next one.