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Kurt Schmidt
kurtschmidt.bsky.social
did:plc:fevqakiiigplwi6jmdpjedgm
It's a supply issue, nothing the administration did. Consumer confidence is down and alternative energy is replacing oil at an increasing rate while oil producers are being encouraged to produce more, resulting in an oversupply.
Eventually producers will slow down and prices will come back up.
2025-04-13T18:03:47.776Z