RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PerspectiveLina_Casa wrote: I agree. With the election coming up next year, I see the dems doing everything possible to hold the price of oil down. Your going to see articles about China slowing down every week and I think they will make the OPEC people their best friends and buy their votes. Fundamentals will be surpressed and politics will ramp up full steam in 2024. Oil and gas prices is way too important to the voters. If oil touched 60 this year, it can easily do ti again in 2024. I hope I'm wrong and oil stays right where it is now, but what else is Joe Biden going to run on?
Ummm, we're currently starting to see articles about the Dem's being under pressure to start refilling the SPR into at least mid 2024.
Gasoline prices are projected to keep falling through to year end 2023 regardless of oil prices going higher.
We shall see if Biden has an argument to be made based on those two seemingly opposing factors.