Posted on 06/07/2022 12:28:31 PM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen said American consumers will be at the mercy of oil companies this summer, as crude oil is expected to reach $160 a barrel, according to an analysis released Monday by Goldman Sachs.
Speaking to the Senate Finance Committee on Tuesday, Yellen took heat from both Republicans and Democrats for inflation that’s near 40-year highs, with gasoline prices up almost 50 percent over the last year.
In May, a gallon of gas cost more than $4.50, according to a national average compiled by the U.S. Energy Information Administration. It’s now at $4.86 a gallon, up 25 cents in just one week.
(Excerpt) Read more at thehill.com ...
Actually they are treating us as complete idiots.
Propaganda!
Drill baby drill!
Costs go up (for the world) when supply is diminished.
We cut down on our oil production. We diminished the world’s supply.
It’s not about insulating ourselves.
It’s about helping the world get the oil it needs.
That would drive down costs for us and for everyone.
Everything is flying over Janet’s head
Gee...the oil companies weren’t greedy when Trump was in office. Funny how they only get greedy when Dems stop all the drilling, refining and pipelines!
I expect that almost the entire country knows that your predecessors did exactly so, Ms. Yellen.
Old Yellen is crazy. She should just go home and count her money.
Agree.
Sarah was right, then, and, now!
Guess we musta forgot what prices were 18 months ago.
These people are telling Americans to pound sand.
They, and everybody on the planet knows exactly how to reduce gas prices. Trump did it. It’s called, drill, baby, drill.
Obama/Biden Democrats have deliberately strangled oil production in this country to force their green energy boondoggle. That’s exactly why the price of oil is sky high — and they don’t care.
Yellen is merely repeating what her handlers instruct her to say.
She is not crazy.
She is owned.
There is a magic wand, and it’s not the one Hunter seems to have in his hand on videos, that will help resolve the energy issue. Get your pen out, Joe, and rescind the EOs that you signed on “day one” which declared war on the oil industry. Remember that “pen and phone” used by Soetoro? Time to put it to use.
Bart Yellen.
Janet Simpson.
"Didn't do it, didn't see me do it, can't prove I did it."
Why would anyone take her seriously?
$160 per barrel of oil huh?
Dementia Joe makes Jimmy Carter look like he just started in kindergarten.
For the Freeper that objected to the ugly claim in a previous post, please put on your glasses and look at this. This is beauty:
This is ugly:
See the difference. The latter is fugly to the bone.
Total BS. If Dufus reversed his EO on the XL Pipeline, restrictive oil leases, and expedited the permitting process, I’ll bet oil prices would fall in half within a few months. Expectations can have a huge impact on distillate fuel prices.
End the sanctions dimwits!
Biden and Yellen....the new abnormal
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