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WTI Crude Oil Futures Breaks $110 Barrier As Crack Spread UP 535% Under Biden (Diesel Fuel UP 121%)
Confounded Interest ^ | 06/21/2022 | Anthony B. Sanders

Posted on 06/21/2022 11:44:26 AM PDT by Browns Ultra Fan

The US is a movin’ on up to the high side ... of energy prices.

Today, WTI crude oil futures broke through the $110 barrier.

The WTI Crude crack spread, the differential between the price of crude oil and petroleum products extracted from it, is up 535% under President “I HATE OIL!” Biden and diesel fuel is up 121%.

WTI crude is up 1% today.

“Crack? I thought crack was something that Hunter did!” – Joe Biden

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: biden; blogpimp; brentisat115; commodities; energy; henryhubisat7; oil; rubleisat53; ttfisat36; ttfnetherlandsisat36; wtiisat110
Biden's statist idiot cabinet members are overjoyed.
1 posted on 06/21/2022 11:44:26 AM PDT by Browns Ultra Fan
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To: Browns Ultra Fan
FVd-QP3f-WUAAi-I9

Quick! Make another withdrawal from Joe's political piggy bank!

2 posted on 06/21/2022 11:46:52 AM PDT by PGR88
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To: Browns Ultra Fan

Thanks to Biden and Harris, he’s emptying our strategic reserves, returned us to being a begging importer, doubling prices and risking our national security. Nice job. /s


3 posted on 06/21/2022 11:56:04 AM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: Browns Ultra Fan

...and while destroying our oil industry and security, he wants everyone to buy electric cars that do not exist and the few that are available cost more than most people can afford. Plus, what about everyone’s gas and diesel vehicles, will the government buy them back, trade them for similar electric vehicles? Oh, right, there are none available.


4 posted on 06/21/2022 11:58:22 AM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: Reno89519

And potentially WWIII with Lithuania being a NATO nation.
I know I hope I die for a Baltic shithole.


5 posted on 06/21/2022 11:58:40 AM PDT by EEGator
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To: Reno89519
But you have to be concerned about Jan6th and baby killing pink hairs who got preggo after a night being a c*m dumpster at an all night EDM party. Those two issues are most important. Have you guys seen the Slingblade , neck tattoo'd idiot running here for Senator in Pennsylvania? How a walking garbage dump like this guy is elected anything but President of the Fantasy Football league is a mystery to me.

Take away the women's vote now!

6 posted on 06/21/2022 12:07:40 PM PDT by pburgh01
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To: Browns Ultra Fan

When they say “WTI crude oil futures broke through the $110 barrier.”, it means the price dropped below $110.

It had been over $120 in recent weeks.

It is back a little above $110 today.

Oil demand globally is a little softer due to economic slowing, but refinery issues in the USA are still supporting higher prices for end products like gasoline and diesel.


7 posted on 06/21/2022 12:19:19 PM PDT by BeauBo
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To: PGR88

AND keep sending the oil overseas. What good does this do us?


8 posted on 06/21/2022 12:32:52 PM PDT by oldasrocks
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To: pburgh01

???


9 posted on 06/21/2022 1:05:25 PM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: Browns Ultra Fan

WTI is DOWN 12 dollars in the last two weeks, fwiw.


10 posted on 06/21/2022 1:27:33 PM PDT by babble-on
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