The Economy

And Christmas. It jumped up right before Thanksgiving too.

The QuikTrip at my exit went from $2.55 to $2.79 yesterday but is already back down to $2.75.

 

2.51 in Irondale today.

 

The United States is producing more oil than any country in history | CNN Business

"Record-shattering US production is helping to offset aggressive supply cuts meant to support high prices by OPEC+, mainly Saudi Arabia and Russia. Other non-OPEC oil producers including Canada and Brazil are also pumping more oil than ever before"

 

Don't forget that the winter holiday is when refineries change blends from "expensive" to "more expensive."

 

As well as the well-timed “maintenance outage.”

 

If we could just get those intrepid anti-trusters who cracked the egg* case on it ...

*Ha!

 

Which came first? The chicken settlement?

Latest settlement in poultry price-fixing suit brings recovery to $284 million

Or the egg settlement?



https://www.just-food.com/news/us-egg-producers-forced-to-pay-us53m-in-price-fixing-case/?cf-view

 

You gotta break a few omelettes ...

 

But, but, but ... Biden shut down the Canadian pipeline that wasn't even built so how can the US be producing its own oil?

 

This puts Biden in a funny spot. If he touts the record oil output, that puts him at odds with the progressives. So the best the administration can do right now is stay neutral.

In fact, I'd be in favor of the U.S. and Canada pulling completely out of the world oil market. It's clear we can meet domestic demand and then some. That would stabilize prices at the pump and the Houthis can go eat a rocket.

 

How do you make multinational corporations who are pumping that oil pull out of the worldwide market? Nationalize them?

 

Easy. World oil goes in the world market and oil pumped in the States stays domestic. The multinationals can continue to profit as they will.