... due to a lack of exploration and investment to maintain existing supplies...
Commodities' King Sees "Structural Supply-Side Commodity Inflation" Sending Oil To $200
| Source: | https://www.zerohedge.com/energy/commodities-king-sees-structural-supply-side-commodity-inflation-sending-oil-200 |
| Published: | Jan 14, 2022 |
| Author: | Tyler Durden |
| Post Date: | 2022-01-14 15:32:46 by Horse |
| Views: | 259 |
#1: BTP Holdings To: Horse (#0)
The first things done by the Biden administration was to end the border wall construction and the Keystone XL pipeline project.
They also ended oil and gas leases on government (BLM) land. This put the nail in the coffin of the oil industry. RIP is all I can say.
I checked the price of oil and see it was $53.64 a year ago. Today it is priced at $83.82. ;)
BTP Holdings posted on 2022-01-14 19:41:34 Reply Private Reply