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Greg Greg
CNBC Television
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Comments by "Greg Greg" (@SlowhandGreg) on "Inflation soars 6.8% in November, hits fastest pace since 1982" video.
There hitting on the lower grade harder to extract stuff now which will have the inevitable impact on prices.
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Mr. chicano I'm waiting till the new battery is standard (Tesla 4680) early 2022 Sold our second car a while back and bought an Ebike conversion kit their amazing But since I mostly remote work now and my wife's commute is short were less than 150 car miles for the week at the moment
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@yehimstone5492 I mean you know that's a lie not sure why you want to bat for the side of big Oil who have enough land leases for current production levels for the next 30 years
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Last time inflation was near 6% oil was over 100$ a barrel time before when it went to 12.5% oil was over a 100$ a barrel Investment in oil extraction is down because the costs involved don't support a low oil price in 2020 due to the pandemic it fell to just below 40$ and a load of smaller firms went bankrupt the breakeven price for US oil is 50$ As long as your economy is tied to oil like then it is what it is
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