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Truthsabre7
Bloomberg Television
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Comments by "Truthsabre7" (@SabbathSOG) on "Market Watchers Forecasts Slow Recovery in Demand For Crude" video.
There is plenty of supply. There's actually a glut of oil right now. But because of the economics of America and some other countries like OPEC. The price of oil should increase. And another contributor to the increase in price of oil is going to be the constant and steady decline of the US dollar. if Joe Biden gets his 1.9 trillion dollar budget passed. That means United States will be about 30 trillion dollars in debt.
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Oil will go up to between 80 and $100 a barrel. Why? Joe Biden. this is probably the best time to invest in oil which I usually never do. But this guy is already going to shut down the pipeline, the XL pipeline. Got only knows what he's going to do with fracking.
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