FOX Business' Stuart Varney discussed the consequences of Biden ending U.S. energy independence as the Israel-Hamas war rages on in the Middle East.
During his "My Take," Monday, "Varney & Co." host Stuart Varney explained how the Israel-Hamas war is upending Biden's green energy initiatives, arguing that when the president "threw away" U.S. energy independence, he gave up control of oil prices – and with a wider Middle East war looming, the stock market will likely sink.
So here we are on a Monday morning. The world is on fire and the stock market barely blinks. In fact, it's rallying. A LOOK AT PAST OIL SHOCKS, ISRAEL'S WAR AND IRAN AS WILD CARD On Friday, October 6th, the day before the war in Israel began, the Dow Industrial Average closed at 33,400. After more than a week of fighting, which has upended what's called the geopolitical world, the Dow Industrials are quoted at 33,600. Stocks are up despite it all.
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