RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nuttall on BNNbaranja wrote: WINDGOD46 wrote: It's standard practice. If they can't convince the Saudis to raise production and lower gazoline prices in order for Biden to be re-elected, they use paper and the shorting goon squads to crash the futures. The question is when the barrels will catch up.
Of course they do, they want to protect petrodollar and they just attack oil price via naked shorting. Once they kill oil price, they just settle in cash. No need for single drop of oil to acomplish that.
Oil price is $70 while gasoline price is $1.6 at gas station. Few years back, $70 per barrel would equal to 70 or 80 cents per gasoline at the gas station. Nobody is asking who is robbing us blind. Big elephant in the room here.
They are basically stealing from Oil producers.
Currently, Oil price is super cheap, and gasoline prices should have been at 50% at where they are now. Not easy to watch this abuse of oil producers.