Authored by Brandon Smith via Alt-Market.us,
There is a narrative being spread within leftist/socialist circles by media celebrities and White House cronies, and it is this: Paying high prices for oil and gas is actually a GOOD thing.
But why is it a good thing to these people? How do they benefit?
Spoiler Alert: It has nothing to do with punishing Russia economically.
As I write this article crude prices have somewhat stabilized around $110-$115 a barrel, which translates to a little over $4 a gallon for gas across most of the country. I don’t expect this to last very long. My guess is that regular gasoline will end up in the $7 to $8 per gallon range before US shale oil roars back and balances out the market. I realize that this is a conservative estimate and perhaps a best case scenario. Gas could go much higher depending on speculation in oil markets as well as continued government interference from the Biden Administration.
Continue reading “Why Are Leftists And Elitists So Happy About Skyrocketing Gas Prices?”
