Posted on 03/08/2022 6:04:00 AM PST by Browns Ultra Fan
America is suffering a “nickel pickle.” As the US Federal government pushes their green energy agenda, Mayor Pete Buttigieg (aka, Transportation Secretary) on Monday said “the American people stand to benefit from having more electric vehicles on the road.” Unfortunately, electric vehicles use nickle in their production and guess who produces the most nickel? Russia.
Nickel futures were up +66.25%.
Unfortunately, Russia is the largest miner of nickel. But Brazil is second.
We are also seeing rising volatility of US stocks (VIX) and bonds (MOVE) as Russia’s invasion of Ukraine continues and crude oil prices soar.
While NYM WTI Crude volatility is up +296%, NYM DUBAI Crude is up +4,626.19%, and NYM JKM (Japan/Korea) natural gas volatilty is up 1,900%.
Now, US oil and gas exploration and drilling rig count has almost doubled under Biden as oil price surge.
We are in an American pickle since Russia is a major supplier of oil and natural gas as well as nickel.
(Excerpt) Read more at confoundedinterest.net ...
Thankfully I bought oil and Gold last year anticipating Biden’s catastrophe.
How long before Biden institutes price controls? Price controls don’t work, so it’s a cinch that Biden will try them.
Price controls don’t work, so it’s a cinch that Biden will try them.
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They work great!,,, if one is trying to destroy and collapse and end a nation.
So , ya, Biden’s next step.
He told us in the SOTU address with that “ cut costs” statement.
Having Buttigieg on board won’t exactly increase our fortunes either. Where do they find all these losers?
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