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Thank God the investors are getting paid.
https://finance.yahoo.com/news/gas-prices-hit-nationwide-average-122820012.html
JPMorgan analysts forecasted that a gallon of gas could rise above $6. And there's no sign of relief at the pump in the coming months, as oil prices stay high, crude stockpiles remain low, demand ramps up over the summer, and refineries run at nearly full capacity.
In addition, OPEC+ is unlikely to stem the price-boom even though they announced a production ramp-up last week.
"So OPEC+ may be talking about higher production, but the likelihood of those barrels hitting the market via exports is pretty unlikely," Matt Smith, lead oil analyst at Kpler, told Insider earlier.
https://www.dallasfed.org/research/surveys/des/2022/2201.aspx#tab-questions
Surveying Oil and Gas Execs, Bidens policies have little to no effect on current production. Its all about keeping shareholder value high.
https://finance.yahoo.com/news/gas-prices-hit-nationwide-average-122820012.html
JPMorgan analysts forecasted that a gallon of gas could rise above $6. And there's no sign of relief at the pump in the coming months, as oil prices stay high, crude stockpiles remain low, demand ramps up over the summer, and refineries run at nearly full capacity.
In addition, OPEC+ is unlikely to stem the price-boom even though they announced a production ramp-up last week.
"So OPEC+ may be talking about higher production, but the likelihood of those barrels hitting the market via exports is pretty unlikely," Matt Smith, lead oil analyst at Kpler, told Insider earlier.
https://www.dallasfed.org/research/surveys/des/2022/2201.aspx#tab-questions
Surveying Oil and Gas Execs, Bidens policies have little to no effect on current production. Its all about keeping shareholder value high.
