Team Biden = higher oil prices

[dan_s]

U.S. Energy Policy Could Be A Force For Higher Oil Prices Through January 2025
Nov 11, 2021 05:46AM ET

By Ellen R. Wald, Ph.D. < Super smart lady that writes for OilPrice.com

The latest data from the Bureau of Labor Statistics in the U.S. showed that gasoline prices increased by 6.1% from September to October and are up by nearly 50% year-to-date. The Biden administration is aware of rising energy costs to U.S. consumers, but so far it has not shown any inclination to address the higher prices in a constructive manner.

In fact, there are no indications that the Biden White House will do anything effective to lower energy prices over the remaining three years of its term.

For traders, it is important to understand that the administration’s track record has suggested that it will likely be a force for higher oil prices, at least through January 2025.

Read more: https://www.investing.com/analysis/us-e ... -200608026