The markets are down as the price of crude oil reaches a 13-year high.
Thank you Joe Biden. The media may tell you that the high price of oil is due to the Ukraine – Russia conflict but they forget that America was energy independent only a year ago under President Trump.
Advertisement - story continues below
Under President Trump the US was an oil producer for the first time in nearly a century. President Trump recently reminded us of where America would be without the stolen election.
TRENDING: Pentagon Refuses To Shoot Down Suspected Chinese Spy Balloon Hovering Over Montana for Days
Trump also asked in May, what is more relevant today, who is running the US energy department under Biden.
Advertisement - story continues below
Today the price of a barrel of brent crude oil has reached $130 – the highest price in 13 years since Obama was in office.
West Texas Intermediate crude futures, the U.S. oil benchmark, traded 8% higher to above $125 a barrel, the highest since mid-2008. At one point the price topped $130 a barrel.
The international benchmark, Brent crude, traded 9% higher to $128.60, also the highest price seen since 2008.
“Oil is rising on the prospect for a full embargo of Russian oil and products,” said John Kilduff of Again Capital. “Already high gasoline prices are going to keep going up in a jarring fashion. Prices in some states will be pushing $5 pretty quickly.”
The Gateway Pundit is moving back to Disqus! All of your account information and comment history has been saved and will be uploaded as quickly as possible to Disqus. If you do not already have a Disqus account, you will need to create one. Please use the same email address that you used for Insticator for your comment history to be carried over. We greatly appreciate your patience and continued support!