Strawberry Blonde's Market Summary: $100-$150 Oil...Just A Matter Of Time

Wait until President Biden stops tapping the US Strategic Petroleum Reserve (now at its lowest level since 1984)...a pre-election gimmick/stunt that will, likely, backfire and have major national security implications/consequences, at some point...possibly, sooner than we think.

No doubt, the price of WTI Crude Oil (CL) will skyrocket to $100, or higher, along with inflation, to give Fed Chairman Powell heartburn ("Biden's scapegoat," as he's increasingly being labelled in various news outlets)...it's just a matter of time.