Posted on 10/06/2022 7:47:34 AM PDT by MNDude
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.
Went up 15 cents yesterday.
5.56mm
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
“Another is to lobby hard for passage of the No Oil Producing and Exporting Cartels bill, which would penalize other oil-producing countries by opening them up to antitrust suits.”
That’s a real smart one....This admin is more amateurish than Obama’s.
Back up to $6.50 a gallon for diesel here. After the mid terms expect another $1.50 a gallon at least. Especially in idiot states run by idiot democrats who are all proposing new gasoline taxes to punish those “greedy” oil companies.
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As governor Desantis rolls back Florida’s gas tax this Saturday to help out people effected by the storm, gov dumbass here in CA is proposing to slap a windfall tax on the oil companies to punish them for the high prices. Any proposal here in CA is guaranteed to pass because of the demoncrat super majority. Cause those oil companies will just eat that tax and not pass it on to the consumer………..
Our governor Ron Desantis took off tax to help due to hurricane
That said our Fla prices have trended lower
As I recall Venezuela favored by Barry O scam re oil. No wonder Joey goes to them
There was a large fire at one of the refineries and there are a couple dozen other that are in turnaround right now across the country.
These have effected prices locally across the country.
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