We look forward with a sigh of relief to President Joe Biden’s visit to Saudi Arabia tomorrow. It will make a historic flight from Tel Aviv, which is really cool, but what happens next is anyone’s guess.
There is much speculation that Biden will try to avoid shaking hands with Crown Prince Mohammed bin Salman, which will not be a good way to start negotiations. Perhaps known as Fist Impact Peak. Or maybe Biden will insist shake hand with the air again. But still, what is the question, if any, and why? Biden stated that the purpose of this visit is to strengthen security and discuss other policy issues. Number. liquid oil. But we all know that the United States will really benefit from Biden if he can persuade OPEC’s home country to increase oil production.
But this assumption is of course absurd. America currently has underutilized household energy resources that we are not yet trying to access; and perhaps fearful of the Democratic Party’s environmental protection, Biden didn’t seem interested in changing it. But will it appeal to the brutal (but slowly modernizing) regime that its grassroots detest? Maybe it works.
Moreover, it is unclear whether the Saudis will be able to bring more oil to the world market, which will penetrate the United States and provide little relief in refueling. So what is the purpose of this visit? We may not know, and most of you won’t be.
King Salman bin Abdulaziz Al Saud (right) and Crown Prince Mohammed bin Salman attend the 39th Gulf Cooperation Council Summit in Riyadh, Saudi Arabia on December 9, 2018. (Bandar Algaloud/Getty Images)
On the other hand, the Biden administration has recently expanded its offshore oil exploration efforts. West Virginia vs. EPA The decision came out in the Supreme Court a few weeks ago. However, typically under a Biden chair, these dairy efforts have not satisfied anyone. Greens are dissatisfied with the lack of efforts to strengthen the fight against climate change, and conservatives believe they are not doing enough to restart our efforts towards energy independence.
Unemployment claims are around 244,000 today, slightly higher than last week. These numbers landed right in the middle of the forecast and were a small win for the struggling economic forecasting industry.
The Producer Price Index (PPI) increased by 11.3% year-on-year, close to the 11.6% record set in March. The producer price index has increased by 1.1% since May. Energy costs are almost entirely responsible for growth. There are a few minor bright spots in the data, including a rapid decline in chicken egg numbers and a sharp drop in steel and iron prices.
Bank of America lowered its 2022 S&P 500 target from 4,500 to 3,600. Megabank predicts a recession this year.
In general, the trend is not good. Jamie Dimon, CEO of JPMorgan Chase, summed up the situation on Thursday: “Geopolitical tensions, high inflation, declining consumer confidence, uncertainty about what the high should be, and unseen quantitative tightening and its impact on global liquidity, the war in Ukraine and its global energy and the negative impact on food prices is likely to one day have a negative impact on the global economy.”
And with the resurgence of Coronavirus slowdowns and lockouts, many Americans are forced to do the crap.
Source: Breitbart
