'Wildcard' Energy Market: Why Elevated Oil Prices Play Big Part in Economy

"When the price of oil and gas goes up, the price of everything else tends to rise," says Stephen Moore. He joins Morning Movers to discuss the economic toll of rising energy costs and what it means for the U.S. consumer. He is monitoring the "gyrations" occurring in volatile swings of crude oil prices with every geopolitical headline emanating out of the Iran conflict. Stephen remains "really optimistic" on the U.S. economy but says this oil "wildcard" makes it hard to forecast performance ahead.

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