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 ...
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
...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.
And potentially WWIII with Lithuania being a NATO nation.
I know I hope I die for a Baltic shithole.
Take away the women's vote now!
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.
AND keep sending the oil overseas. What good does this do us?
???
WTI is DOWN 12 dollars in the last two weeks, fwiw.
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