Saudis reduced daily production by 1 million bbls a day and the Russians cut their production by 300,000 bbls a day. They are the world’s two largest oil exporters. It shouldn’t be a surprise that oil prices are skyrocketing.
Yes, and be assured that both Russia and Saudi know the effect of this on Biden’s political capital.
This time it’s different....
Commenting on the possible UAW strike a professor stated that the ‘workers have woken from the illusion of self sufficiency, upward mobility, and rugged individualism.’
We apparently lack the character that would sustain us through tough times now.
We’re so screwed.