In a post a month ago I warned that pissing off the Saudi’s and stopping fracking at the same time would be sure to raise oil prices. I predicted that “by January 2022 unless President Biden reverses course regular gasoline in Arizona will be over $3.25/gal.” At the time it was about $2.25. (I have photos)
Well I was wrong it only took a month to go up by fifty cents per gallon. Hang on to your hats. You can’t stop using fossil fuels (currently the cheapest source of energy) and have a booming economy. And you can’t constrain the supply of fossil fuels and expect prices to stay stable.
Where are the grownups?
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