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JP Morgan believes oil prices per barrel may reach $185 later this year.
Still, others believe it could well reach $200-300 a barrel later this year, as the war continues in Ukraine.
Venezuela with the largest oil reserves is happy and has no incentive to pump more crude.
Saudi Arabia with the second-largest reserves is happy that EVENTS AND POLICIES BEYOND ITS CONTROL, are raising oil prices, and thus has no incentive to increase oil production.
The 7 sisters of the oil corporations are happy, that their commodity has such high profits and value.
The only people not happy are the DNC VOTERS FOR THIS NOVEMBER, in the middle class and blue-collar working class living on paycheque to paycheque.
Crude oil is at the foundation of modern CIVILISATION.
Crude oil is at the foundation of having the ability to make war.
That is why the USA EMPIRE makes such a tizzy fuss about oil.
What does this all mean for the USA?
Gas prices could reach $8 a gallon, this year
GAS prices could easily reach $10 a gallon, this year
The current average now is $4.38 and rising
DNC California gas prices are the highest at $5.5 on average but $7.4 a gallon in some cases.
ALL this will help the Biden administration to lose, in a landslide.
I had hoped to write about it last Friday, but due to spooook distraction, I had to put it off for 8 days. The days are getting closer to the November 8th elections, and we must do the utmost to prevent TRUMPO coming back this November.
It is dangerous supporting President Biden, but we struggle, grimace and persist, for whatever it's worth.
TRUMPO is a dangerously unstable Narcissistic Zionist Globalist who probably fucks his daughter incestuously, of German extraction, backed by 'leftie radical' George Soros who resides in Germany mostly. Zeig Heil. Georgi Schwartz is a high emissary of the Rothschilds of London, trained in the LSE.
Georgi Schwartz's apprenticeship INTERNSHIP at 14 was to spy on wealthy Jews in Budapest for the occupying Nazis who wished to STEAL (NY3) their property, hidden away....before being sent to the concentration camp.
