I’ve said it before, I will no doubt say it again: The current price… just a hair under $50/bl is NOT A RECORD. So, who would be spreading the story about how this is a record high?
Well, now, think; Who would benefit from the story now being spread about how bad things are?
Wait; it gets better.
The real record high price was set during the Jimmy Carter misadministration when oil was running, in today’s dollars for $82/bl. That’s right, the peanut farmer, whom the aforementioned group holds to be some kind of demi-god.
Work it out, people. There’s only one group that benefits from the gloom and doom being projected…