The Energy Report: Take It Easy – Investing.com

The Energy Report: Take It Easy – Investing.com

Should this whole year be forgot and never brought to mind? Should all the bad day’s be forgot and days of auld lang syne? For auld lang syne, my dear. For auld lang syne. We’ll take a cup of kindness yet. For days of auld lang syne.

There goes 2021. It is coming to a close and in many ways it was not much better than the year before. COVID-19 still weighs on the global economy and inflation is roaring and the geopolitical landscape looks more dangerous than it did before.

In Biden’s July 4 speech he said that “we’re closer than ever to declaring our independence from a deadly virus” turned out to be misplaced optimism. His ill-advised and poorly planned Afghanistan retreat that left 13 Americans dead was done on his order and against the advice of his top military advisors. He has failed to get Iran back into a nuclear deal as Iran has become more dangerous and is closer to a nuclear weapon. The country is less isolated than they were when Biden took office. Iran has also increased their oil exports dramatically since Biden has led.