Hes doing to much of the wrong thing.....75% agree with that
Even without the reserves he is producing more oil than Trump![]()
What do you not understand?
Gas Prices
May 2020 $2.987
May 2022 $4.545
You must not understand supply and demand.Compare both for May 2020 and May 2022.
Gas Prices
May 2020 $2.987
May 2022 $4.545
![]()
Gas Prices
May 2020 $2.987
May 2022 $4.545
![]()
Your boy Joe said 'Transition' from oil to 'Sustainable' energy.there is no sustainable energy policy because oil is produced globally and DofE has no control (only place in executive branch that can do something. Also some bullshit bill passed by Congress is not going to make a dent... oil market corrects itself all the time whatever trump or biden did or will do....
traders know this. those of us in the oil sector know this. Have not seen one president in my 20-25 years have any real effect on what OPEC and global demand do but have seen plenty of brainwashed voters think some guy in the U.S. did something haha.
What Tony is trying to say here is that May 2020 was basically the nadir of demand. Everyone was locking down, and the producers kept producing while demand shit the bed. Two years later everyone is free and demand is way up, while supply is a bit constrained through the global market because of the Ukraine war.
Spot on analysis Sir but you're explaining to a moron.