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Matt Badiali: US will Experience High Fuel Prices in the Fall

Matt Badiali has made significant contributions on various projects over the year. Recently, Matt Badiali made an announcement warning the public to prepare for high fuel prices. The announcement was made last month by the leading natural resource expert to help prepare fuel consumer for high fuel prices. Badiali predicted that fuel prices in the United stated would rise in fall. In his view, the decision to back out of the nuclear deal between the United States and Iran will have a tremendous effected on crude oil prices in America and its friends. In addition to backing out of the deal, the US president, Donald Trump also orders sanctions on Iran, which included stopping the importation of crude oil from the country. The imposed sanctions took effect in August.

For a long time, Iran has been a major player in crude oil distribution. Before the sanctions took effect, Iran was distributing 2.2 million barrels of oil each day. In his view by removing Iran from the equation, other key distributors will not be able to meet this demand. With the sanctions already taking effect, some countries have already started having fuel problems. Matt Badiali also believes that the current fuel condition in Venezuela will have some effect on US Crude Oil price. Venezuela crude oil production has significantly dropped in the last couple of year. Currently, the crude oil distribution is enough to sustain the market. This, however, might change drastically if a mishap occurs in the industry.

According to Badiali, any incident that could affect the current crude oil production could greatly destabilize the global economy. Some experts in the industry do not agree with Matt Badiali. They believe sanctions on Iran will not have a significant effect on the economy. They state that the crude oil industry is stable enough as it currently as an extra 900,000 barrel of oil produced each day. Matt Badiali has over 20 years of experience in dealing with the global energy market. He has traveled the world to do research and analysis of different energy markets. He has also sat with key players in the industry to learn various issues and create solutions in the energy and financial sectors.

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