US Interest and Energy

Tonight is another day for the US CPI consumer inflation index to go public
1 year ago today
US CPI has reached its peak in more than 10 years
9.1%
However, with the Federal Reserve actively raising interest rates,
Interest rate rises to 5.5%

Interest rates are so high that many people cannot pay their mortgages and car loans
Indeed, CPI also fell from 9.1% to 3.1% in July.

However, OPEC is being led by Saudi Arabia to reduce crude oil production.
It fell from about 10 million barrels per day to more than 8 million barrels
Saudi Arabia sacrificed a lot of foreign exchange reserves in order to maintain oil prices
and opportunities to earn money.

Isn't that against America?
It really is

The US government continues to release strategically stored oil to crack down on crude oil prices
However, Opec and Russia continue to cut production
Sure enough, crude oil rose above $90 per barrel

Crude oil is rising, and it is impossible that retail gasoline and diesel prices in the US will not rise
America is not Malaysia,
The Malaysian government has subsidized gasoline and diesel
We normal people don't feel anything
Of course, later, the government will let capable people have to pay a higher price to buy gasoline

So how to implement policies,
Probably another project involving tens of millions of dollars of equipment and management work
Make sure only B40 or M40 can use subsidized gasoline

Is it worth implementing this way, who is the beneficiaries, everyone can think

Going back to tonight's US CPI, the market is already expecting it to rise to 3.6%
This has been rising for two months in a row
With the help of Opec and Saudi Arabia, it certainly destroyed America's anti-inflation plan
What happens next? There is less and less strategic storage oil in the US
Iran is also allowed to produce oil

What other cards does Biden have?
Probably Venezuela

It's important to understand macro. Congratulations to those who are making money in oil and gas stocks,