We've never seen this before.
People aren't driving, planes aren't flying. There's no demand.
Since the price of gas is very low, Trump's favorite cable show acted like car salesmen and told their audience to buy gas guzzlers while showing them new vehicles to choose from that get low mileage.
During Tuesday's White House presser, Trump's economic advisor Larry Kudlow was asked about the price of oil relating to the Jamal Khashoggi murder. Kudlow quickly ended his briefing, ran off the stage and passed the question to John Bolton.
In the run-up to the 2012 Republican nomination, Michele Bachmann promised we'd see $2 gas again if she was elected President of the United States. Well today President Bachmann delivered. https://twitter.com/MicheleBachmann/status/551054670446469120
My first post C&L ever linked to was a May 2007 Op/Ed on how oil companies appeared to be shutting down refineries "for maintenance" to deliberately (IMHO) drive up gas prices the same way Enron drove up electricity prices in California in
March 7, 1978. Sharp divide among Israelis about settlements in Arab territories. Coal Miners Strike. Carter invoking Taft-Hartley to settle strike. Panama Canal Treaty debate continues. Rhodesia border clashes with Zambia. Cairo looking to Washington for leadership in Middle-East Peace talks. Kuwait Oil Minister seeks boost in prices. Larry Flynt recovering from surgery following shooting. Mid-West feeling effects of Coal Strike.
March 2, 1983 - Pope John Paul II en route to Costa Rica in an appeal to end fighting in Central America, primarily El Salvador and Nicaragua. Saudi Arabia and Venezuela hint at lowering oil prices to OPEC. Storms batter California, Los Angeles - worst in years. $150BN Social Security bailout approved. Leading Indicator Index figures at 3.6%, biggest jump since 1950. Burlington Vermont re-elects first Socialist Mayor. Iraq attacks Iranian oil fields, claims 5 ships sunk including oil tankers. Funding and arms appeal to Contras proposed on Capitol Hill. Hmm.
The big news this week on the financial front was the Independent’s claim that Gulf Arabs and France, Japan, Russia and Japan were planning to move
I've been following this for a while, and it's encouraging news if the commodities regulators follow through. These guys have been driving up the cost
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