RE:RE:RE:war premium??packerdriver wrote: Yes and yes? (???) I'd love to hear how "the Dems brought Oil down"....Did they do it by buying 40 million barrels in the market recently...for a total of 180 million put back into the SPR.
Increasing demand in the market lowers the price now? Who knew? !!!!
Next thing we'll know is "Drill, baby drill" will make prices go higher!!!
https://www.energy.gov/articles/biden-harris-administration-purchases-more-4-million-barrels-strategic-petroleum-reserve
woodsmen wrote: Yes and Yes. The USA knows all of this as well, and so the Dems brought Oil down before Iran starts Chucking Bombs. If they would have left Oil Price at $84 like it was just 2 short weeks ago, that would mean we would have $95-$100 oil when Iran starts chucking bombs and the DEMS can't have $95-$100 Oil. So now this way with the Fake beat down of oil price to get it to $73, now when Iran starts Chucking Bombs we will simply just get back to $84 dollar Oil.
That's how a War Premium for Oil Prices works when a presidency depends on it......
You commented and questioned on this War Premium Post and I have gave you the explanation multiple times!!! They "The DEMS" needed a Cushion for Iran and the unknowns that could go with Iran. The fact remains the Oil Price is 100% where its at because Biden & Company said so! I repeat ......The DEMS cannot win with High Oil Price. Rigged Ca$ino Oil Price!!!