Energy Secretary Says ‘No Guarantees’ Oil Prices Will Fall Soon

https://lemmy.world/post/44310844

Energy Secretary Says ‘No Guarantees’ Oil Prices Will Fall Soon - Lemmy.World

Lemmy

Doesn’t Donvict have a promise about perfect oil prices in “two weeks”?

Anyway, what’s that old chestnut? Oil prices go up like a rocket and fall like a feather?

Why would Joe Biden do this?
Start printing Donald Trump stickers that say I did that and on gas pumps. Play their game.
Already on Etsy.
I didn’t mean design it, I meant buy them and post them. Bad choice of words I guess
OPEC doesn’t let the gas prices fall nearly as fast as they went up, so once the war is over, it’s still going to be a while.
No guarantee? Oh, I’ll give you a fucking guarantee: They will not go down for months if not longer. And that’s assuming they don’t rise even more.
I still hold the belief that 2008 never ended.

they literally manufactured a second malaise era

WHILE AUTOMOTIVE SALES WERE ALREADY DOWN

There is no way the prices are dropping. When the price of fuel tipped over $1/L here, it just became the new baseline. The base price now is $2.20/L, and even if the price of oil in general drops, I can not fathom businesses going below that new baseline once people become accustomed to the cost.
They want them high. Putin needs that.