Biden has been manipulating the oil price with the SPR and his Russia Russia Russia crazy behavior. OPEC just slammed the door on him because they see what is getting ready to happen. The US citizens dont see it coming because this idiotic administration is too vain, conceited and moronic to see it. 2023-2025 is going to be a giant global downturn. Oil consumption will fall. Employment will fall …..
China is being proactive under the disguise of zero Covid, their banks are toast so they need a war also. Europe is dead it’s big banks and ours stole big $ and learned nothing from 2007-2009. This time is going to be much bigger. The central banks in the west combined with QE till infinity and zero percent rates was unsustainable and has to be paid for. The music isn’t slowing. It has stopped. Everyone should grab a chair fast but instead they think I will buy the dip. Lol.
Maybe I’m just grumpy. Maybe I always think they can’t kick the can any further. I was wrong in 2008. Probably wrong again.
Biden releasing 10 million gallons of spr is only 5 days worth of opec cuts and reeks of desperation.
Things are going to get hairy regardless so it would be beneficial if things blew up in Joe's face before the election.
FJB