Impending oil crisis due to high prices, production cuts, and dwindling reserves poses significant economic impact.
OPEC's influence on stabilizing oil prices and its impact on global supply and pricing strategies.
Significance of the Strategic Petroleum Reserve in mitigating energy disruptions and its current depletion.
Proposed strategies including legal actions against OPEC, oil reserve releases, and production boosts.
Expected impacts on inflation, interest rates, consumer spending, and potential shift towards renewable energy.
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