Alt-Market.us By Brandon Smith
There is a narrative being spread within leftist/socialist circles by media celebrities and White House cronies, and it is this: Paying high prices for oil and gas is actually a GOOD thing. But why is it a good thing to these people? How do they benefit?
Spoiler Alert: It has nothing to do with punishing Russia economically.
As I write this article crude prices have somewhat stabilized around $110-$115 a barrel, which translates to a little over $4 a gallon for gas across most of the country. I donât expect this to last very long. My guess is that regular gasoline will end up in the $7 to $8 per gallon range before US shale oil roars back and balances out the market. I realize that this is a conservative estimate and perhaps a best case scenario. Gas could go much higher depending on speculation in oil markets as well as continued government interference from the Biden Administration.
