Biden’s Oil Scheme Fails: Oil Climbs Back Above $80 as OPEC Sees Strong Demand Despite Omicron

True Pundit January 6, 2022

0 Comments

The international benchmark oil price climbed above $80 a barrel for the first time since late November, undermining the Biden administration’s plan to bring down gas prices by lowering the price of oil.

Brent Crude rose 1.41 percent on Tuesday to $80.09. West Texas Intermediate rose 1.31 percent to $77.07, also the highest price since late November.

Traders bid up prices after the 23-member OPEC+ alliance said in February it would stick to a road map drawn last year to increase production by 400,000 per month. The road map calls for cartel members to expand production after a review each month.

But the news of expanded production did not push down the price of oil. Quite the opposite. Because cartel officials said that the reason for the expansion was confidence that demand would continue to rise despite skyrocketing omicron variant covid-19 infections, prices jumped on the news. – READ MORE

Categories: News

Hot Wire — Spy School; Protecting You & Yours — The Intel Juice is Worth the Squeeze

CLICK HERE to Get or Download the Outline PDF for this material and video. What is Intelligence? Intelligence is truthful, timely, actionable, reliable information that can be used for certain needs, for and about operational environments and threats. Strategy Before covering and applying this material a good mindset to have in place is that from…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Mike December 21, 2023

Hot Wire — Back to the Future (2008-09) (2020-21) & How to Beat The Man Thru 2035

************* Let’s do an exercise I’m a middle class American. where can I expect to be in 10 years. provide a year by year breakdown what will happen to my assets. I have 400,000 in the bank As a middle-class American with $400,000 in the bank, your position in 10 years (by 2035) will largely…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Mike September 25, 2025

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Mike August 2, 2025

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Mike March 2, 2026

(FREE) PAINE IN THE MORNING: 11 things you need to know this Monday – May 9, 2022

There is also a full, ad-free video podcast of this broadcast available to Paine.TV members HERE. Learn more about joining our community HERE. FDA Limits Authorized Use…

True Pundit May 9, 2022

0 Comments

Responses

You must be logged in to post a comment.

Related Articles

Responses