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Oil hits 13-months highs on fears of Middle East tensions
https://www.reuters.com ^ | 2/15/2021 | By Yuka Obayashi

Posted on 02/14/2021 10:14:27 PM PST by RomanSoldier19

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To: RomanSoldier19

This is another pro-socialist media action. When the people were put in their caves during the “pandemic,” the need for oil was retarded and the price went up to cover the middle east sales loss. However, our prices for exports went down as we had oil coming out of our ears for our sales, which are the biggest in the world.

The U.S. Energy Information Administration (EIA) expects average oil prices will increase in 2021. The EIA forecasts Brent prices will average $49 a barrel in 2021, an increase from the expected average of $43 a barrel in the fourth quarter of 2020. And demand of the oil at this point will go up with the erasing and slow down of oil movement from the closed Keystone pipeline. It’s called supply and demand.

wy60


41 posted on 02/15/2021 6:34:37 AM PST by whitney69
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To: RomanSoldier19

And we are back to be vulnerable to this thanks to Biden and his energy policies.

In fact, the “Mideast tensions” are back likely thanks to Biden.


42 posted on 02/15/2021 8:46:30 AM PST by Republican Wildcat
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To: SaveFerris

:)

He doesn’t have to look like that as long as he has mastered the slop pour as well as she has. Full coverage of the motor is very important.

Your warranty could be voided by an improper pour.


43 posted on 02/15/2021 8:33:19 PM PST by TigersEye (Everyone knows)
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