You think gas prices at the pump were higher before? You haven't seen nothing yet! Thanks, Joe!
Expect higher gas and grocery prices.
Remember when Joe Biden flew all the way to Saudi Arabia last summer to beg the Saudis for more oil?
www.thegatewaypundit.com
Yep, and a dog shit in my yard last week. Damn that Joe Biden, it is his fault. This cut in production has nothing to do with Joe Biden and everything to do with an anticipated worldwide economic slowdown. Truth is old Joe is doing a hell of a job. In October US GDP growth in 2023 was projected at 1%, now it is up to 1.4%, despite the heavy handed FED. If you are looking for a scapegoat then look at China. Covid and a widening real estate crisis has resulted in China having the lowest GDP growth since Ronald Reagan was in office, and the war in Ukraine is only exacerbating those numbers going forward. The same holds true for Europe.
Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.
markets.businessinsider.com
Look at that one year chart. A little less than a year ago we were at almost $120 a barrel, now, we are at $75. Damn, Biden is kicking some damn Arab ass. If you blame him for this cut in production you damn sure have to give him credit for that massive drop in prices, but no, you flippin Trumpbots are too stupid to know what the hell is going on, especially not internationally.
While this cut in production seems to come out of nowhere it should not have been unexpected. OPEC plus's target price of oil is $75 a barrel. They claim that below that they aren't making money, which is total bullshit, but that is their target. Internationally, as I mentioned, China and Europe, their economies are going to continue to decline. But the US is going to stand alone and move forward, the FED be damned. Increased domestic production, yeah, I said INCREASED, will more than offset OPEC's cuts. This summer, I see gas prices falling below three dollars a gallon and 2023 will end with a new record for domestic production. While Trump finds an increasing number of "indictments", Biden will steer the ship toward prosperity and you guys are going to look like fools.
