Hypocrisy out in the openThe latest surprise from the White House is the appeal to the oil companies not to raise the price of oil and oil products due to hurricane. One wonders what happened to free market mantra and the non state intervention in the economy. When our interest is at stake, damn the free market.
In the meantime, across the pond in Europe, people are switching with frenzy to oil after the blow up of the North Stream pipeline and the gas cut off by Russia. Add on top of this the Opec+ planned cut backs and you have a perfect storm for oil price take off. It's just a conjecture....