Hurricane season is upon us...
The Strategic Oil Reserve is at it's lowest level in many decades, thanks to JB...
Once the hurricanes begin shutting down all the rigs, we will have a massive shortage on our hands.
President Trump will be right, once again. We will be seeing $5+ gas with Biden.
Do we use the oil pumped locally? I thought Biden buys it offshore? Of course they’ll still raise the prices.
Local supply will basically stop, whatever is even left at this point. Both coast lines are about to be hit by hurricanes close to the same time.
Oversea oil production continues to decrease their productions numbers, while the import price continues to rise.
I wouldn't be surprised once these storms hit, we'll see gas jump by a dollar, or more, overnight.
Don't forget we still have the Permian Basin in West Texas (and some in New Mexico). On land - not in the gulf.
You can thank Joe for that...if you catch my drift