BBS:      TELESC.NET.BR
Assunto:  Re: Has Iran been defeate
De:       Kurt Weiske
Data:     Sun, 22 Mar 2026 09:31:47 -0700
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-=> IB Joe wrote to Kurt Weiske <=-

 IJ> Barry:  $147 a barrel
 IJ> Joe Biden: $139 per barrel
 IJ> Trump: Briefly topped $119 per barrel

I feel compelled to remind you that commodity prices are more an effect
of market forces and a collusive seller's market rather than
administrative action.

Barack Obama was coming out of the recession of 2008, which on rebound
resulted in supply constraints and greater demand. Less supply, more
demand equals higher prices.

Joe Biden was president during the initial recovery from Covid, where
demand for gasoline jumped from 93 million barrels a day to 99 million.
Lockdowns = no cars = lower demand. Easing restrictions, more driving,
more demand, higher price.

Russia invaded Ukraine, driving sanctions and market disruptions.

We'll see how gas prices look tomorrow - I'm already seeing $5.99/gallon
at freeway gas stations.




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