Market expert Scott “The Cow Guy” Shellady joined Jeanne Ives and Jim Iuorio on Chicago’s Morning Answer to break down the UAE’s departure from OPEC.
Shellady called it a major crack in the oil cartel, comparing it to Brexit — a sovereign nation choosing independence over collective quotas.
With oil over $100/barrel, the UAE seeks to ramp up to 5 million barrels/day by 2027, free from Saudi-led production limits.
He praised America’s “drill baby drill” success as the world’s top producer, reducing reliance on unstable regions. Despite short-term price pain ahead of midterms, Shellady sees long-term gains from Trump’s strategic reset against adversaries like China and Iran.
Shellady urged Illinois Governor Pritzker to stop subsidizing CCP-linked firms like Gotion. Free markets and American energy dominance win again.