RE:RE:RE:Food for thought.. Crazy isn't it. Completely planned and intended... but still bat sh!t crazy. Here's a good documentary you might enjoy explaining who and what actually caused the inflation we're experiencing. Also shows who profited. Carney and Trudeau along with other western leaders are the ones public need to hold to account. Govt leaders either don't grasp the harm they have unleashed, don't care and/or are helpless to do anything to prevent inflation from screaming higher. While good for CPG and other producers, public that are not holding appreciable assets are going to get crushed. Younger generations are going to have a very tough go until wages rise (if they ever do) to counter.
Moemoney42 wrote: Yup Anschutz.. its like the inmates running the asylum..! The World in need of energy to avoid black & brown outs, countries (US) begging other totalitary regimes for more crude and an ever present shortfall in supply, and these politicians blindly following their egos right to the grave..! Nat gas prices in Europe sky high, coal plants being fired up to fill the emergency power needs, industries on the brink of collapse (fertilizer plants in Europe) and these fools think they can magically wave a wand to make all the coming pain disappear, by restricting the one sure thing that is paramount to transition the globe to a "greener place"..!! OMG..!!
Anschutz wrote: It would not surprise me to see Biden continue depleting the SPR so as to irreperably damage it. Doing so would throw the US economy and country into complete turmoil as they would have no means of buffering prices. With France proclaiming an end to their use of fossil fuels, the US will probably follow suit. Biden will proclaim the SPR is no longer needed as alternative energy is capable of supplanting the need for it. LOL!
Moemoney42 wrote: India and China are buying cheap crude from Russia.. filling their SPR's far less than Brent prices are at... US selling crude from its SPR by the millions of barrels.. price not moving down as Biden wanted.. by summer covid lockdowns will be ended in China.. travel and global markets will get back to an upswing although a bit muted.. and the US will need to replace the SPR at higher prices than they managed to sell at and be forced to buy at higher prices while India and China are stocked to the brim already.. what would your gut be telling you..??