Posted on 09/19/2023 6:03:14 AM PDT by Eleutheria5
Biden White House watching closely as oil extends rise about $90 -a-barrel, Treasury Secretary says
Treasury Secretary Janet Yellen on Monday said she thinks oil prices will stop rising but that the Biden administration is watching carefully.
"My expectation is that they will stabilize, but we will just have to keep an eye on it," Yellen said in a CNBC interview
Oil prices are at their highest level this year after three straight weekly gains pushed crude above $ 90 per barrel
Asked if the administration was considering any action, Yellen said that President Joe Biden wants to make sure that gas prices remain affordable for Americans. She noted that prices are still down over $1 from the price in the summer of 2022.
"China coming back on line and the continuation of the production cuts by Saudi Arabia has lifted oil prices somewhat. We're monitoring the situation very closely," Yellen said.
Past releases of oil from the Strategic Petroleum Reserve have been important in holding down oil prices, she added.
Yellen said she was pleased with recent economic trends, noting that inflation is coming down while the job market has remained very healthy.
The Treasury Secretary said it was premature to forecast what the United Auto Workers strike against the Big 3 auto companies means for the economic outlook.
"I'm pleased by what I see in the economy," Yellen said.
(Excerpt) Read more at morningstar.com ...
>>>”I’m pleased by what I see in the economy,” Yellen said.
Madness!
Scotty Kilmer, car guy, had a new YouTube video I watched yesterday.
He predicts gas will jump in the Midwest about a dollar a gallon in the next week or so.
She has literally been wrong every single time she opens her mouth.
Shut your trap you laying hack.
Whatever this little owl-faced shrew says, the opposite is always true.
“Yellen said that President Joe Biden wants to make sure that gas prices remain affordable for Americans”......They really have already gone beyond that, haven’t they? Neither Yellen nor Biden seem to have much of a clue as to what’s going on, but then they’re not alone either.
How ‘bout this........
Saudi Arabia led Opec to create a shortage to get a rise in crude prices.
In America, diesel and gasoline prices rise thus contributing to the general inflation.
Biden can’t do a damn thing about it. Yellen can’t either
By raising gas prices and insuring continuing inflation Saudi Arabia is shown to be a friend by insuring Biden and any other Democrat is not elected.
Wow. That sux.
Checked around my town yesterday - and it was difficult to find gas for under $6.00/gallon. I had gas points from Ralphs and that helped take off .50 cents/gallon.
Also read a report yesterday from the West Hollywood area that thieves are boring into gas tanks and draining them - there will be a lot more of this as gas prices continue to soar - in California due to lefty taxes - we have the highest gas taxes in the nation. One lady said her gas tank was drained while she watched her kid’s Little League game, another said it was right in front of his home.
So we’ve got rampant catalytic converter thefts and now gas thefts - the deep blue pols in California, headed by Gavin Newsom do not care - why should they? Taxpayer pay for the gas and drivers for their limos.
We’d better hope this lefty monster doesn’t become POTUS.
Of course they are watching carefully. There is an election for her boss. They created the problems. There is a simple fix.
American oil and energy.
Stop support for Ukraine - they have lost all their oil and natural resources for mining.
SA and OPEC+ saw the writing on the wall with NATO war in Ukraine. It’s about Green Energy, and stopping cheap Natural Resources, especially Oil at this point in time.
Yellen and Biden killed the Petrodollar. BRICS has hammered out the Gold Currency valuations within the trading block.
Biden and Elites went from Afghanistan to Ukraine and project going to war with China in 2026. When will Americans decide that never-ending wars are immoral and that we have become THE EVIL EMPIRE.
NATO and NAZIS is not just a bad look. Joe Biden and NAZIs from Ukraine showed up in Charlottesville VA, on J6, and recently in Flordia - the NAZIs the MSM used to slime the Republicans Party are Ukrainian known NAZIs. The DNC are not only sexual perverts, but NAZI loving perverts.
I am sure there are laws on the books that Trump can use to prosecute these NAZI allies leftover from WWII.
All true - and there are millions upon millions who will continue to vote for more of same.
He is in Carter territory and the polls should reflect that - instead they’ve got Trump ahead by ONE POINT.
I fully expect gas prices to plummet as we get closer to the election - with Biden taking full credit.
All transitory. As soon as those clowns are out of power it will get resolved.
The news this morning said gas prices were at a RECORD HIGH.
Is this true?
Ho’ boy. If Janet says it, you can count on the absolute opposite outcome. Stand by for 3-digit BBL prices.
At what price?
WHEN???
THIS IS NOW——We cannot keep this up.
AND-——NEWSOM WANTS TO BE PRESIDENT OF ALL OF US !!!!!!!!!!
To an archaeologist-—that is many, many years.
I can tell you that current crude prices are at $92+ per barrel, and that is high, Angola’s cutting oil exports, too, ARAMCO’s CEO is projecting 110 million barrels a day of global demand, and as we all know, Brandon has f@#@$ed Alaska over. So what do you expect? Go long on oil, if you can afford to. Very turbulent commodity. If you’ve got real estate that has minerals beneath it, drill, baby! Drill!
Just as reliable as Blinken. He said Kabul wouldn’t look like Saigon, and he was right. It was much worse.
They may not cooperate with a peaceful transition of power.
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