I Told You The Price Of Crude Is Being Rigged

[CC27]

gab13by13 (32,941 posts)

I Told You The Price Of Crude Is Being Rigged

Just imagine where Krasnov would be today with crude at $150/barrel and gasoline at $7/gallon, the pitchforks would be out.

Every time that Krasnov proclaims that a peace deal is imminent, crude drops 3%, even though the negotiations are bogus, are Kabuki Theater, Iran doesn't want a deal.

Numbers don't lie, liars lie, the supply of crude oil is down by 12.8 million barrels per day.

Countries like the US have been depleting their strategic oil reserves and those reserves are at historic lows.

At some point the price of crude and gasoline will have to reflect what is going on.

WTI is below $90/barrel, and Brent is $92/barrel, nothing warrants those low numbers.

https://www.msn.com/en-us/money/markets/disconnected-oil-futures-market-could-see-price-spike-within-weeks/ar-AA25eHqq?

https://www.democraticunderground.com/100221296272

Blah blah blah. You know shit

[SVPete]

gab13by13 really believes that oil producing countries that hate the US or do not give a @#$% about the US would voluntarily lower their oil prices ~35% from where gab13by13 believes the price "should" be?

 

Here's an even worse (to DUmmies) idea: the oil crisis they desire is not happening.