RE:RE:Hypocrisy out in the openBest thing sleepy Joe can do is carry on status quo while other countries move to stem inflation and defend their currencies. Lowering the value of the US dollar and OPEC+ removing barrels is setting us up for a nice run in the price of oil. Add a little market anxiety about Ukraine, Russia and another attack on infrastructure and oil is poised for a run.
Citizen13 wrote: The government wants to show the public they are working hard for them to lower gas prices . LOL. Its theatre ,nothing more. They are completely toothless paper tigers and they know it but play the tough guy. The market laughs at the Sleepy Joe Joe teleprompter show. I'm surprised he didn't read " look like you're angry Joe" as the prompter would have told him as a side note. They are propping up a guy in severe cognitive decline just like Ronald Reagan's last years.
WINDGOD46 wrote: The 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....