Gas is climbing .20-.25 a day this week. I’m sure it’s because of all of that demand they talk about. Roads and gas stations here are getting thinned out a bit. People are fixing to start making bad decisions and doing things they shouldn’t if this doesn’t stop. There shouldn’t be one blue seat in congress after midterms but I’m sure it will be a nail biter because of the next timely pandemic or stimulus buyout for votes.
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Oil companies have no fear it seems
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I don’t know about the oil companies but the Biden administration is telegraphing their plan quite obviously. Let gas continue to rise. In September they strike a deal with oil companies to drive gas prices down. Also in September stimulus checks go out…….again. In October Biden gets on the stump and says “We have driven gas prices down at a record pace and put money in Americans pockets. Don’t forget who has done this for you when you go to the polls in November”.
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Originally posted by bboswell View PostYet Biden released info today claiming more people have returned to work and more people are contributing to savings under his admin than ever before….
While at the same time the msm is reporting that something like 40% of those with an income of $250k year are living paycheck to paycheck
And lots of companies telegraphing layoffs are coming including Tesla saying 10%
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Originally posted by bboswell View PostYet Biden released info today claiming more people have returned to work and more people are contributing to savings under his admin than ever before….
Prior to inflation savings rates were not high & pretty high % middle income live paycheck to paycheck & now they are paying much more for food, gas, vehicles, housing, property tax, insurance premiums with pay level not increasing at cost of living rates but somehow are contributing more to savings
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I know O&G companies are trying to make up for the beating they took in the shale plays the last decade but they are walking a very fine line. High fuel and energy along with inflation could send us into a full on depression and that would not be good for their commodity prices.
A little more production to bring us in the $80-100 range would sure help stabilize things and be a big relief for a lot of people.
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Originally posted by BRUTE 23 View PostI know O&G companies are trying to make up for the beating they took in the shale plays the last decade but they are walking a very fine line. High fuel and energy along with inflation could send us into a full on depression and that would not be good for their commodity prices.
A little more production to bring us in the $80-100 range would sure help stabilize things and be a big relief for a lot of people.
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