Biden begs oil companies to produce more

• Refers to higher oil as 'Putin's price hike'
• Demand for oil has rebounded from pandemic much faster than supply
• Calls for Congress to implement a 'use it or lose it' policy for fees on companies that don't produce on permits on federal land
• Will use defense production act to stimulate production of green metals and mining
• My guess is we will see oil prices go down and continue to go down
• Putin seems to be self-isolating
• We're waiting to see allies release barrels. It could be 30-50 million barrels

The guy who shut a pipeline on Day 1 is now angry that oil companies aren't expanding production. There's no way Congress will pass that kind of law.

All this was leaked/reported earlier.

There's a strong bent in the entire administration right now to reframe all the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term that's out there as a result of the Ukraine war. However we got PCE data from February today, which was almost entirely before the war and prices were up 6.4% y/y.