RE:RE:Solid gains, what driving OilExactly. The US and others want to blame Opec for all their troubles but OPec is just
finally responding to what the US has been trying to do for months. Manipulate the
price oil down with the SPR releases despite a structural supply deficit that can't be
made up by producers.
It's not Opec's fault that oil prices are high. OMG the media campaign to cover for
the anti fossil fuel policies of Europe and the US which they have been pursuing for years is the real and only reason for this crisis. The fact that they can't admit their mistake and keep doubling down on it and blaming Opec speaks to their arrogance
and ignorance. They've caused their own disaster. Now the US is compounding
their mistake by raising interest rates in a time of a chronic oil supply shortage to try and solve their problem. They have gone certifiable bonkers over Biden wanting to
look good for the Democrats and the public. They are going to be the cause of a world recession more than anyone else but Opec will be targeted as the scapegoat.