Jason Burack discusses soaring oil prices

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Wall St. For Main St., Released on 3/2/22

Oil prices are on fire lately! Will they be at $120/barrel in a week?

Oil Inches Closer To $110 As API Reports Surprise Inventory Draw oilprice.com/Latest-Energy-Ne…

Barron’s even put $150/barrel oil on their latest magazine cover. Is that a contrarian indicator of a top? After Biden went into the White House, US imports of Russian oil began to spike within only a few months.

Russia Is A Major Supplier Of Oil To The U.S. www.forbes.com/sites/rrapier/…

Russian Oil And The Double Standard Of Biden’s Nord Stream Squeeze worldcrunch.com/world-affairs…

And don’t expect OPEC to increase oil production. OPEC does not have real spare capacity for a number of reasons.

See also  High energy prices increases the wealth inequality that the Demcorat say they are trying fix PS: Domestic production has not returned to the pre-covid amount

Don’t Count On OPEC To Bring Oil Prices Down oilprice.com/Energy/Energy-Ge…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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