MicroGroks
The initial reaction to the Iranian backed strike against their Saudi enemies energy infrastructure was a 20% spike in oil. That lasted a day. Prices quickly dropped and a week later oil prices remain stable.
Iranian totalitarians have a lot in common with Democrats. They get to poke you, attack you, insult you, smear you, whatever they want. If you dare to even speak of retaliation, they promise all-out war. Well, Iran is behind an attack on the global oil supply. So, guess what?
You can still get gas for $2.19 a gallon in my town even after Iranian proxies attacked a major Saudi oil facility. But for how long? Within a day the average price for a barrel of oil shot up 20%, which sounds like a lot until you realize that only lifts it to $70.00 per …
Oil Jumps 20% Day After Attack on Saudis – But The Price is Already Sliding Back Read More »
A Quick take from this week’s program: Elizabeth Warren has a plan for American Energy dependence. She’s promised to implement it on day one if elected. It’s bad for you, job creators, the poor, and America, but it’s great news for our enemies.
Easy money, no up-front taxpayer backstops, and a resource people want and need. So, sure, let’s ban it. That’s the plan according to a report from US News. Gov. Sununu is banning oil and gas drilling off the coast of New Hampshire.
The German government has declined to participate in a U.S.-led coalition in the Persian Gulf. The purpose of the coalition is aimed keeping the shipping lanes open. That would ensure the uninterrupted flow of oil. It will combat Iran’s repeated hijacking attempts. Iran and Britain have been engaged in a tit for tat with international …
The left hates fracking. They’ve gone to great lengths to stop it, from legislation to movies funded by Saudi Oil Sheiks to mobs and rants and scam science. And had they succeeded the recent disputes with Iran would have driven gas prices through the roof.
Last summer the price of oil did something it does around Memorial Day. It spiked. Democrats declared doom for the economy, and it was President Trump’s fault.
Venezuela is a major oil producing nation and unless you missed it that country is a mess. Iran is dealing with “crushing sanctions™” that will expand to other nations who continue to buy their oil as of today. OPEC cut production quotas in January. Why is gas in the US still so cheap?
New Mexico’s gun-grabbing governor just signed the Energy Transition Act. This bold and innovative grasp at the impossible requires the state to shift to 50% renewable energy by 2030 and 100% by 2045. A state that relies on massive amounts of oil and gas revenue to fund public education.
