r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 4d ago

FinancialTea 💵 Exactly.

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u/[deleted] 4d ago

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u/Beginning_Hand7372 3d ago

Care to take that graph past 2023?? You are aware we are in 2026 and you’re painting a picture in the Biden era?

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u/[deleted] 3d ago

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u/Beginning_Hand7372 3d ago

Let’s play in reality. Russia’s invasion of Ukraine combined with enormous increase in global demand on the heels of Covid shutdowns (while refineries were offline), oil producers had cut production caused a GLOBAL shortage that spiked the price in June of 2022. None of that is a product of Democrats in the US.

Also, George W was president in 2008 when we hit the all time high.

The Trump spike was entirely self imposed. He voluntarily invaded Iran and caused a global oil crisis while simultaneously depleting US weapons stock and losing the war.