On November 4, 2020 crude oil was $40.00 per barrel.
Today, crude oil is selling at $66.00 per barrel.
So far Biden has stopped the Keystone Pipeline, stopped oil exploration on Federal Lands, and has generally implemented a policy to destabilize the Middle East.
Again, Biden voters (legal and illegal) enjoy the New World Order, Great Reset, or whatever Biden calls his new policy of increasing the price you pay for gasoline.
And let add for those who are invested in the oil company stocks.
Chevron (CVX) was $71.77 on November 4, 2020.
Chevron is selling for $109.60 in early trading this morning.
Thanks Biden.
It will be interesting to compare June 2019 numbers with June 2021 numbers. Total US production will be down, price per barrel will be up. Iran, Saudi Arabia and Russia will be happy. The American consumer not so much.
Let’s look at the production numbers from February when available. Took $48 to fill my truck today. Another form of massive Uniparty/Globalist taxation.
And we’re just starting to factor in the impact of Iranian/Houthi attacks on Saudi production facilities. The last time they hit a Saudi oil complex (2019), production dropped by 5 million barrels a day, and prices surged by 20%. Of course, we were at/near max production at the time. Now, domestic production is down slightly, so another gas price hike is likely, depending on the severity of the damage, and how quickly Aramco can repair it.