Oil Plummets
- Thread starter The Joker
- Start date
What's funny? If you say he's the reason it went up, he's the reason it came down. Common sense.
It was either that or selling 1 million barrels a day from the SPR to increase the global supply. Not sure which.
Demand for gas has dropped from 9.4 million barrels a day to 8.04 billion. Nothing the fool Biden has done has lowered the price.
Per JP Morgan oil could hit $380 a barrel if Russia cuts production by 5 million barrels a day in response to G7 plans to cap the price. A more likely scenario would be a 3 million barrel cut which would cause the oil price to be 190.00 . I would hold off a little longer with the Biden praise.
Per JP Morgan oil could hit $380 a barrel if Russia cuts production by 5 million barrels a day in response to G7 plans to cap the price. A more likely scenario would be a 3 million barrel cut which would cause the oil price to be 190.00 . I would hold off a little longer with the Biden praise.
Amazing how astute you are when gas drops. You know all the reasons, have all the answers. But, when demand went through the roof, and the price skyrocketed, you made post after post about how it was "Biden's fault".
Jackass.
Now they're selling barrels of gas?
How do they drop demand from the millions to the billions?
Assuming you meant millions, demand just randomly dropped around the exact amount that has been added to the supply? That's weird.
If the daily demand was 9.4 million barrels and the US government has added enough to the available supply to cover more than 10% EACH DAY, you don't think that would impact the price suppliers were charging?
Okay, lol.
