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Apparently more falling to come. The article says this is NOT good news because the drop is based on less demand for oil, or at least the belief by players in the market that demand will fall.MSN
www.msn.com
But what attracted my attention was that last week Fed Chair Powell said it was uncertain how much interest rate hikes could affect oil or food prices. And that's been my thinking for months. But maybe that's wrong. And imo that would be good news.
No, I think the plan (or hope and a prayer) is that people will stop buying shit (large and small) on credit. But that spending of cash would remain high. People will buy gas to commute, but taking vacations on credit ... not so much. I'm not saying it'll work. Actually I thought that rate hikes would only be partially effective with prices.A failing economy means falling demand.
Falling demand means decreased carbon emissions with fossil fuels
That was the plan all along. In fact, that is their ONLY plan.
I think it reasonable to think that the massive inflation has put a large damper on the economy, especially with at least 3 more years of Leftist extremists who will continue to hoe the same road.The drop in price can't be due to a drop in the demand. The pandemic is over. It's Summer and people are driving more. They're spending money at the stores and all that material has to be trucked in.
I'm calling BS on the article.
I keep hearing this reported in the msm. It is not true in our area--nearly a complete opposite. The fuel prices in this area are at an all time high, increasing about 20 cents in the last two weeks.Apparently more falling to come. The article says this is NOT good news because the drop is based on less demand for oil, or at least the belief by players in the market that demand will fall.MSN
www.msn.com
But what attracted my attention was that last week Fed Chair Powell said it was uncertain how much interest rate hikes could affect oil or food prices. And that's been my thinking for months. But maybe that's wrong. And imo that would be good news.
Then why did oil production die during Trump?A failing economy means falling demand.
Falling demand means decreased carbon emissions with fossil fuels
That was the plan all along. In fact, that is their ONLY plan.
In our area, reg. is $5+ and diesel is $6+Gas prices aren't down here. Still around 4.45
In our area, reg. is $5+ and diesel is $6+
