The Megyn Kelly Show Questions About "Sea Mines," Truth About Gas Prices, Family Sues CA City Over Crime: AM Update 3/11
11 snips
Mar 11, 2026 
Eric Bolling, former oil trader and TV commentator, offers sharp analysis of extreme oil-market swings. He breaks down how sea‑mine threats in the Strait of Hormuz could jolt global shipments. He also discusses why U.S. pump prices might surge to $4 or more and proposes unconventional supply ideas to blunt volatility.
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Sea Mine Threat Could Cripple Oil Transit
- U.S. military action has degraded Iranian capabilities but new seafloor mine threats could still disrupt oil flow through the Strait of Hormuz.
- CBS and Pentagon reporting note Iran may deploy thousands of mines via small boats, risking one-fifth of global oil shipments.
Refinery Lag Means Today's Oil Spikes Hit Pumps Later
- Current oil market volatility can push U.S. pump prices higher even if the conflict ends immediately due to refinery lag time.
- Eric Bolling explains it takes about 45 days for a barrel to move through refineries, so today's crude spikes reach pumps later.
Volatility Fueled By Politics Media and Producer Incentives
- Market unpredictability is amplified by unclear policy signals, regional actors' incentives, and media coverage creating violent intra-day swings.
- Bolling notes 20–30% minute-by-minute oil moves and says Middle Eastern producers benefit from higher prices, reducing pressure to de-escalate.