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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oil prices are a scam. Biden starts jawboning the oil companies and refineries and oil suddenly drops to $105 from $117. Don’t tell me it’s on lower demand because now is peak season. Refiners and trading speculators are where it’s at, especially the latter. [/quote] No (except for refinery capacity). You don’t lose a million barrels of refinery capacity a day and have no impact. Oil prices are dropping because it’s a leading indicator. Oil traders are pricing in a recession. The former NY Fed President says a “soft landing” is impossible. https://twitter.com/annmarie/status/1539557752099438592?s=21&t=L3ejZEKoruCT40turtbi_g[/quote] Oh, and Biden’s “jawboning” followed the drop — he’s just hoping people like you will miss that and give him credit. [/quote]
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