December 28, 2021

Why Oil Prices Declined

Timothy Birdnow

This from Oil Price dot com:

Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month.

https://oilprice.com/Energy/Crude-Oil/Saudi-Exports-Surge-On-Higher-Oil-Prices.html

This is why gas prices dropped a bit. Biden had little to do with it. It was the Saudis ramping up production that made this drop happen.

Posted by: Timothy Birdnow at 02:17 PM | Comments (28) | Add Comment
Post contains 60 words, total size 1 kb.

1 But you can bet your boots that Biden will try to take credit for it.

Posted by: Dana Mathewson at December 28, 2021 02:41 PM (zjwe/)

2 Of course. I hear the media crowing about dropping gas prices and saying the price spikes were a result of supply issues and not Biden's policies.

It was all Biden's policies. And I will give him credit in that he crawled to the Saudis for help after wrecking the energy sector here in the sstates. It would have been a responsible action were the cause out of his control, but he is the reason for the problem in the first place.

Posted by: Timothy Birdnow at December 29, 2021 10:48 AM (1UEIk)

3 I won't give him credit for doing anything other than destroying our petroleum industry. A pox on him... as they used to say.

Posted by: Dana Mathewson at December 30, 2021 10:51 PM (zjwe/)

4 Multiple poxes - poxi? upon him and his house!

Posted by: Timothy Birdnow at December 31, 2021 08:26 AM (ZsvXz)

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