Biden's green energy blew up in his face...He tending the wounds and wondering what happen. He should pull the green energy before its too late.
Nah, they have one planned for Monday. https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
Obama promised the same pie-in-the-sky stuff with green energy. Then there was the Solyndra disaster. However, whoever is running the show (it certainly isn't Sleepy Joe) seems more willing to double down and make more mistakes. I guess they can just blame it on a half-senile puppet with very little political future.
From its peak last fall. It's still at one of the higher levels it's been since early 2014. But yeah, it's not as bad as crude.
If war breaks out in Ukraine and NATO and the US impose sanctions, watch for Putin to jack up natural gas prices to Europe. He knows he has the NATO soy boys by the balls and he only needs to squeeze. As for the US, higher oil prices is going to be the norm since, Russia will be more than willing to jack up oil prices with Saudi Arabia and other OPEC countries. Putin knows higher oil prices will destroy the US. Especially, now that the US has become again an importer of oil thanks to Joe Biden's war on oil drilling and oil companies.
NATO won't get involved. Not US either. Only economic "sanctions". Ukraine is just a larger Cuba or Grenada. Both Russia and China are not happy that US is leading all the "allies" to surround both Russia and China. Look at the NATO and the Quad.
Oil at 90 and 100 is a damn joke. Economy won't be able to handle any further increases as inflation soars, oil may go to 110 120 130 hey maybe 200 but I'm telling you it's going to collapse extremely quick, there is no demand for oil, its a false notation that they make us believe there is demand.. do NOT believe the hype. Oil prices are going to be unsustainable in the months ahead. Let it get to 20 year highs above 130+ because the collapse from there will look just as beautiful as the last one.
Fracking is what made oil cheap. Bastards in charge now hate it and throw every obstacle in the way. It will take time for 30-40 oil again.