2022-06-22

Baizuo Gouge Americans on Gas

Americans are paying, ballpark figure, about $1.50 extra for gas because Baizuo and neocons (barely any Baizuo are neocons, but all neocons are Baizuo) hate Russia. The extra $1.50 in gas isn't harming Russia at all because they're selling oil to India and China at inflated prices. My best guess is that oil would fall 20 to 30 percent if Russia sanctions were lifted. Possibly much more with Fed policy and market trends keep working in the same direction.

I expect the U.S. dollar will weaken as inflation falls because interest rates would fall too, yet the chart below is a good indicator of how far oil prices could drop. A $1.50 plunge in gas prices is a guess, but a conservative one if the sanctions lift.

No comments:

Post a Comment