Re, oil/gas prices

Portland OR

Description

You can believe this guys bullshit or you can read the truth here, https://www.newsmax.com/finance/headline/oil-recovery-electric-car/2021/02/07/id/1008957/ Futures rallied to a one-year high near $60 a barrel in London last week as Chinese consumption surpasses pre-virus levels, the vaccine rollout restores confidence, and the OPEC cartel and its allies keep a tight leash on supply. or here https://www.msn.com/en-us/money/economy/opec-production-plunges-as-saudis-deliver-extra-oil-cutbacks/ar-BB1e9nQp?ocid=msedgdhp The Organization of Petroleum Exporting Countries and its allies have been constricting oil supplies since the pandemic crushed demand almost a year ago. To disperse the lingering stockpile surplus, the Saudis pledged extra reductions during February and March. Their efforts have paid off, reviving oil prices back to pre-crisis levels above $60 a barrel in London. The truth is out there but this guy ain't slinging it. Or wait I guess Biden is responsible for the vaccine roll out so I guess maybe it is his fault. But its most likely that the oil prices are just being manipulated by big oil like they always have.