Quote:
Originally Posted by Ben73
US president has very little affect on oil prices. US oil drilling companies could ramp up production but they said they don’t want to because it will reduce profits for their shareholders. Thinking Biden caused worldwide oil price surge means the propaganda has worked
|
The issue that people are missing is that there’s no shortage of oil, just uncertainty
and all the corporates are making record profits jacking up prices that were forced to pay.
What annoys me is that the reserve banks answer to inflation is jacking up interest rates
to the most vulnerable people, home buyers. I’m glad that my mortgage is almost paid off,
I’d hate to think what a $300k or more debt would mean on top of all the other jacked up prices.