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Home Prepper News Update JP Morgan Sees Oil Price Above $185

JP Morgan Sees Oil Price Above $185

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Pumping oil from the ground, Image by John R Perry from Pixabay.
Pumping oil from the ground, Image by John R Perry from Pixabay.

JP Morgan expects the European Union to ban Russian oil imports next week, which could send Brent oil from around $103 to $185 per barrel. That could send gas prices us an additional $3 or so per gallon. When oil prices rise, they send up the cost of transporting food and goods, creating further inflation.

Published 4/19/2022. Read the full article.

SOURCEZero Hedge
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Drawing on two decades of experience working with law enforcement and military personnel, Pete cuts through the noise to deliver hard truths about preparedness and survival in our fragile world. His belief in the preparedness lifestyle is so strong that he made the transition from the big city to an isolated mountainside homestead where he installed a solar power system, burns firewood for heat, and relies on a gravity-fed spring for water. Pete is an NRA Certified Firearms Instructor, a USPSA range officer, and a former competitive shooter. Through the Pickled Prepper, he provides actionable, intellectually honest intelligence and no-nonsense advice on self-reliance and homesteading, self-defense, and surviving whatever lies ahead.

1 COMMENT

  1. $10 gas by summer and Biden will still be shipping boatloads of oil (spr that trump bought) to Europe.

    Soon he will be sending our food to other countries in a food crisis…. And Americans will do nothing but complain

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