Highest Prices this year for Oil as all Eyes on supply. The only ones making money globally on oil and crude are those players in the markets. The idea of such ‘supply and demand’ have driven the stocks since it’s inception. Something I have never been fond of. There are those still making money in crude and oil and LPG.
But I can tell you that here in Wyoming, the drilling rigs are at their lowest in recent memory. Workover rigs shuttered. Coal mines have laid off. The economy and unemployment face trouble as yet again we find Obama’s fingers in this whole thing. It was Obama who pushed to close down coal. It has been Obama who has been against Oil and petroleum and worked to slow it or stop it all together. Here in this neck of the woods the oil, coal, and related energy industries along with our economy faltering is directly the fault of Obama. Of course, this was his goal in the first place. So who really cares if we have temporary high prices when the real issue is DC politics and Washington at it’s highest levels plotting to destroy an entire industry? I don’t! The issue is Obama’s push to shutter our industries. The issue is jobs.
WIBR/WARN Commentary on Highest Prices this year for Oil as all Eyes on supply
now read this, Highest Prices this year for Oil as all Eyes on supply.
Oil prices hit their highest levels this year Monday following global supply disruptions and news from Goldman Sachs analysts that the world’s crude glut has flipped to a deficit. Recent production outages in Canada and Nigeria, combined with rising oil demand in China and India, have steadily reduced the nearly two-year-old oversupply that has weighed on… [Read more…]