Oil prices to sky rocket

 Oil reserves are now at their lowest levels in nearly 40 years. And that's leading to serious consequences for Americans and the energy industry as a whole.

First, look at this chart of the U.S. Strategic Petroleum Reserve...

It's clear that the U.S. government dramatically drained our reserves to keep prices down. Now, it has no choice but to replenish them.

The government started this process in December. And since then, gas prices are already up 11%.

Comments

Popular posts from this blog

Layoffs will increase to match 2018 levels which should be another 400,000

NYMO and NAMO Indicators

Critical Thinking, Logic & Problem Solving The Ultimate Guide to Better Thinking, Systematic Problem Solving and Making Impeccable Decisions with Secret Tips to Detect Logical Fallacies Bigrock Thinking