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 ...
ONLY the AMERICANS earning over $250,000 annually.
VERY FEW PEOPLE OWN REAL ESTATE THAT INCLUDE MINERAL RIGHTS
Those that got will get.
No shortage of fools ignorance stupidity incompetence in her party and proud of it.
because it’s wintertime.
“because it’s wintertime.”
No worries. Global warming will make it a mild winter, so nobody will need all that yucky fossil fuel./sarc
What’s the proportion? Is it stupid 50%, arrogant, 20% and incompetent 30? Or some other distribution of her good qualities?
Does it matter? The result is a piss poor economy.
https://nypost.com/2023/09/15/retailer-holiday-hiring-to-drop-to-lowest-level-since-2008-report/
It matters when probing for her biggest Achilles heel. If you know which one to focus on the most, she could melt down and f@#$ herself royally, beyond the point where the media can spin her back into the safe zone of boring but smart, or whatever.
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