Again, I'm for using the rest of the world's oil before we us ours, i.e. a strategic reserve in the ground but this seems the opposite of the Orange Village Idiot's promise.
Wall Street Cuts Oil Cash as Politics Cloud the Forecast
"Wall Street’s top players provided $73 billion in financing to oil, gas, and coal projects since the start of the year. This was down by 25% from the first seven months of 2024, with the decline most pronounced at Morgan Stanley. The bank lent 54% less to oil, gas, and coal companies this year than it did last year. JP Morgan, on the other hand, saw only a 7% decline in lending to oil and gas. Wells Fargo’s business with the energy industry declined by 17%."
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