Free Republic

The Biden regime has blamed Vladimir Putin, oil companies, Donald Trump, Covid-19, and Vladimir Putin again for the skyrocketing gas prices. None of it stuck. The people blame the regime and rightfully so. But instead of finally coming out and acknowledging that their own failures and policies (one in the same) caused this problem, they’ve chosen a new target upon which to attempt to gaslight the nation. They decided to do it on social media, which is about as ludicrous as it sounds. People can respond, and their responses have been some of the most brutal this failed regime has...

he price of oil may rise to a “stratospheric” $380 per barrel if US and European sanctions lead Russia to reduce its crude supply in retaliation. This was disclosed by JPMorgan analysts endorsed by Natasha Kaneva in a note to clients seen by Bloomberg. Back story The Group of Seven (G7) leaders recently discussed a plan to cap the price of Russian oil in order to put pressure on Moscow, which is benefiting from rising energy prices, and cut off its sources of funding for the invasion of Ukraine, which prompted the note. A price exception could work through a...

Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude output cuts, JPMorgan Chase analysts warned.The Group of Seven leading industrial nations are working out a complicated mechanism to cap the price fetched by Russian oil in an attempt to tighten the screws on President Vladimir Putin amid Russia's invasion of Ukraine.But Moscow can afford to reduce daily crude production by 5 million barrels without excessively damaging the Russian economy, JPMorgan analysts including Natasha Kaneva wrote in a note to clients.For much of the rest of the world, however,...