Oil Closed Above $120? …That Escalated Quickly

Just over three months ago oil was in the 60s and yesterday oil closed above $120 per barrel.

And as the saying goes “Well, that escalated quickly.”

Indeed, it did escalate quickly.

Most people forget that in April 2020 – during the peak of the Covid Crash – we saw oil fall to under $20 per barrel.

Do the math.

That was less than two years ago.

And the price of oil has gone up FIVE-FOLD.

Ironically (or NOT) we wrote an article in last month’s newsletter about how the Arabs would stab us in the back … “And why $120 Oil is Coming Soon” (Read it HERE).

And prior to that we also wrote “The cure for high oil prices is…” (HERE).

Honestly, we didn’t expect it to happen so fast.

But, then again, we also didn’t expect to see such massive stupidity on a global scale regarding sanctions against Russia.

Sanctions Help Oil Close Above $120

What these foolish, alleged global leaders can’t seem to figure out is the increasing rise in prices in oil, FOOD and most other commodities is a result of sanctions.

And while we’re on the subject of stupid, we remind you that on February 20^th Kamala Harris openly violated the Budapest Agreement when she told Officials in Ukraine that they should join NATO.

Putin’s invasion began four days later.

As expected, there was NO EFFORT by the O’Biden Administration to tell Putin that Harris is an idiot.

If anything, they should’ve said that what she said was not the policy of the United States.

But Stinky Joe’s handlers are actually forcing World War III with their aggressive actions.

Even Blinken openly encourages Ukraine saying that they can beat Russia.

NO, THEY CAN’T.

If Putin wants to, he can take all of Ukraine within a week.

Unfortunately, nobody seems to care about how many Ukrainians must die for this agenda.

And that brings us back to the dilemma of paying considerably more at the gas pump and the grocery store.

Question: In December, did you follow our advice to raise cash and expect to see A Man-Made Depression in 2022?

If so, then get ready for some opportunities of your lifetime in the near future.

Read about them in our Short and Sweet Tips column in the March edition of “…In Plain English” (HERE).

You’ll thank us later.

And share this with a friend…especially if they hate paying $5.00 for a gallon of gas,

They’ll thank YOU later.

We’re Not Just About Finance.

https://www.financialsmatter.com/category/in-plain-english/

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