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Stock Futures Drop as Oil Soars with Brent Crude Up to $130 a Barrel – Biden Still Refuses to Implement President Trump’s Energy Independence Policies

stock-futures-drop-as-oil-soars-with-brent-crude-up-to-$130-a-barrel-–-biden-still-refuses-to-implement-president-trump’s-energy-independence-policies

The markets are down as the price of crude oil reaches a 13-year high. 

Thank you Joe Biden.  The media may tell you that the high price of oil is due to the Ukraine – Russia conflict but they forget that America was energy independent only a year ago under President Trump.

Under President Trump the US was an oil producer for the first time in nearly a century.   President Trump recently reminded us of where America would be without the stolen election.

“If the Election Wasn’t Rigged, America Would Right Now Continue to have Record-Low Gas Prices” – President Trump Statement on Oil Prices and Ukraine

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Trump also asked in May, what is more relevant today, who is running the US energy department under Biden.

President Trump Asks If Hunter Biden, with His Knowledge in Oil and Gas from Burisma, Is Running the Energy Policy in the US

Today the price of a barrel of brent crude oil has reached $130 – the highest price in 13 years since Obama was in office.

West Texas Intermediate crude futures, the U.S. oil benchmark, traded 8% higher to above $125 a barrel, the highest since mid-2008. At one point the price topped $130 a barrel.

The international benchmark, Brent crude, traded 9% higher to $128.60, also the highest price seen since 2008.

“Oil is rising on the prospect for a full embargo of Russian oil and products,” said John Kilduff of Again Capital. “Already high gasoline prices are going to keep going up in a jarring fashion. Prices in some states will be pushing $5 pretty quickly.”

The markets are way down in response to these increasing prices.  But for some reason, Biden won’t open up the American oil reserves and grab onto President Trump’s policies to make America again an energy producer. 

What do you think?

Written by Newsman

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