He won't open up drilling
[QUOTE=EatALotOpus;2667670]Agree with your assessment one hundred percent although I don't think the Ice cream man will open up the American oil industry. I offer one plausible reason. He's pushing the Green Deal, getting us into electric vehicles, he doesn't have to try passing any budget to accomplish it. You make the fuel unaffordable and combustion cars will soon disappear by attrition. They did say yesterday they will tap the strategic reserve, which is nothing just a drop in the bucket!
Let's go Brandon![/QUOTE]He won't open up drilling because that is the intelligent thing to do. Expanding drilling in USA kills Russia. Lowers oil prices. Reduces inflation. Biden is to stupid to actually do something that helps Americans.
I Guess Wall Street Capitalists Just Aren't Seeing It Yet
It appears forward looking USA stock market investors with real money on the line and not just blathering political gamesmanship at stake have not yet noticed any "senility" in Biden's economic or national security stewardship or "weakness" in him or his economy going forward.
They are not yet even showing signs of being particularly concerned about the state of today's historic global supply chain destruction inflation challenges that Biden inherited from Trump or the ones in energy triggered by Trump's and the Republican Party's much preferred "leader of the free world" Vladimir Putin.
[B]Dow climbs 800 points in its best day since late 2020 as investors weigh latest on Russia-Ukraine[/B]
[URL]https://www.cnbc.com/2022/02/24/stock-market-futures-open-to-close-news.html?__source=androidappshare[/URL]
"since late 2020".
They mean after Biden defeated Trump in a landslide. Hehe. But I digress.
We've seen gains in the USA stock market each day since Putin's War To Strengthen NATO began, snatching the S&P 500 Index back into mere sell-off territory at 9% below it's all time record high close on Biden's watch after tickling down around the edges of Correction territory for 2-3 days so far this year.
BTW, I hate to further alarm the inflation hysterics out there, but do you know what people usually do with the money they take out of the market during post all time record high sell-offs?
Yep. Buy stuff. Expand the economy.
Sorry.