What Killed the Global Oil Market

This from Richard Cronin:

Hey "fact checkers”, check this.

Biden DID cause the runaway cost in oil and gas prices, but not the way your stupid fact checkers think.

Other than the breach of contract lawsuit by the Premier of Alberta Canada over cancellation of the Keystone XL, the pipeline cancellation was a blip on the radar screen.

What really hit the global oil market was Biden’s unnecessary insult of the Crown Prince of Saudi Arabia. Biden campaigned on the accusation of the Crown Prince calling for the assassination of double-dealing Jamal Khashogi. Biden declassified the intel report fingering the Crown Prince. The Crown Prince responded by turning back the spigot on oil production.

Then Biden reversed course and decided not to do anything about the Crown Prince. Biden merely p*ssed off everyone.

Biden single-handedly knee capped a global economic recovery from the Covid recession.

Guess who gets hurt the most ? The citizens of the developing nations. Thanks, you stumbling Old Hair Sniffer.

Fact check to your best.

Tim adds:

Also the fact Biden is putting us back in the Paris Accord was guaranteed to spook futures investors. And his plans for reigniting the Iran deal wouldn't help much with investor confidence.

Posted by: Timothy Birdnow at 08:13 AM | Comments (3) | Add Comment
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