Whitehouse calls OPEC Shortsighted.At least someone thinks as I do and I used the word shortsighted a few times in my posts, The Whitehouse isn't very happy with OPEC shortsightedness but its a done deal now and it will hurt the economy going forward and with higher Oil, Inflation will stay high and expect gasoline and diesel to climb in parrel with higher Oil things will get worse. Who's been through more market crashes than the US and that's why they are so concerned about higher Oil prices they wrote the book on what shouldn't happen while entering a recession because OPEC decision will accelerate the downturn along with higher Interest rate hikes and the higher Oil goes the worst the damage will be caused to the economy over time and that's what OPEC doesn't get or they get but don't care, I wonder how much Russian and Saudi Arabian money found its way into the pockets of OPEC decision makers. Now that the dust is starting to settle on OPEC it'll be interesting to see if there's still bullishness left in Oil for the next 2 days. BTE got so close to $7 today and I have a feeling that Oil could give some back tomorrow plus trading will be great from now on since OPEC decision will remove the volatility in Oil, Idiots!
White House Disappointed With OPEC’s ‘Shortsighted’ Decision | OilPrice.com