Haz a sad.
Posted on 03/04/2021 8:34:01 AM PST by AAABEST
Oil prices are soaring on the back of Saudi Arabia and OPEC’s decision to roll over existing cuts throughout April. Like many and including myself, this was the lowest likely outcome with the consensus set for a 500kbpd increase in production. However, that is what has turned out and as a result, WTI and Brent crude futures are up a lofty 5% with the latter at the highest level since January 2020. In light of this outcome, there seems to be little in the way that prevent Brent crude futures hitting $70 in the very short term.
It is important to note that the reports are still emerging with an official statement yet to be finalised
Details to follow…..
(Excerpt) Read more at dailyfx.com ...
That's one take on who the "bitches" are...
I miss President Trump. I miss $1.60/gal gas.
Nuff said...
It would if we didn’t have a communist junta in power in DC.
Just hope for another global pandemic to shut down economies. It worked the last time.
MbS can still exact some revenge on Biden and his CIA masters for their attempts to humiliate him.
Unfortunately all true.😒
https://oilprice.com/Latest-Energy-News/World-News/Houthi-Rebels-Claim-Missile-Attack-On-Saudi-Aramco-Facility.html
Houthi Rebels Claim Missile Attack On Saudi Aramco Facility - Mar 04, 2021, 9:30 AM CST
It’s part of his League of Shadows plan.
Haz a sad.
No frickin’ frackin’! 😯
Sure, many of them voted for it, but this will hurt all of us regardless of who we voted for and as always, those hurt the worst by high energy prices are the poor - the very people they claim to champion.
They found a work-around for electricity to “help the poor”. Like health care, taxes, and many other things, they simply take more from the productive to lessen the burden and costs for the poor. However, they have never figured out a mechanism to do that with gas taxes or to spread the pain when the costs of a barrel rise.
No, I’ll just wish for more of our energy resources being developed. It worked last time.
US oil production fell off a cliff in early 20202 and so did gas prices, so it isn't that simple.
Well I was saying that under Biden we were heading for $4.00 a gallon for gas by summer. But now I have to wonder if we will hit $5
No kidding...that's why many of us don't vote for 'democrats'.
Average Biden voter lives in a big urban setting and avoids gas price hikes by using public transportation. This doesn’t hurt them one bit!!!!
“Average Biden voter lives in a big urban setting and avoids gas price hikes by using public transportation. This doesn’t hurt them one bit!!!!”
I live in an older suburb in Ohio. LOTS of Biden voters, and most will be hurt badly by this. They rushed to buy the biggest, hungriest SUV they could barely not afford, and now, gas is going to kick their butts.
And I’m laughing at them.
I can’t spare a ounce of worry for those brain dead a##holes.
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