Biden’s Costly Broken Promise on Oil
The disastrous energy policy of the Biden administration was highlighted this week by the unexpected announcement of an oil production cut by Saudi Arabian-led OPEC+.
Oil prices are predicted to keep rising. Goldman Sachs has oil reaching $95 a barrel by year-end. J.P. Morgan Chase has it going to $96 a barrel. After the Saudi announcement, some analysts pulled their estimates above $100 a barrel, perhaps as early as this summer.
That will mean higher prices at the gas pump for the summer driving season.
