OPEC Announces 2 Million Barrel Per Day Production Cut

[Fueri]

Not to worry. Biden can go to Saudi Arabia, attack them on their human rights record and Kahoggi killing, and then get down on his hands and knees and beg them to increase production.

He's been there, done that. Apparently they weren't impressed with his ass-kissing skills and are more worried about their interests than his political needs.

 

[B. Kidd]

Republicans promote US production and don’t insult the Saudis Joe just made himself dependent upon.

It be just this simple.

 

[Rye Catcher]

Republicans promote US production and don’t insult the Saudis Joe just made himself dependent upon.

The large number of kooks above who will vote for the Republican Party won't be able to do anything to solve the Inflation, all they will do is cut taxes and build a larger national debt, and have the rich get richer and the middle classes and working poor will be poorer.

 

[Weatherman2020]

The large number of kooks above who will vote for the Republican Party won't be able to do anything to solve the Inflation, all they will do is cut taxes and build a larger national debt, and have the rich get richer and the middle classes and working poor will be poorer.

We won’t be able to solve the Democrats inflation problem?
Okey Dokey!

 

[Weatherman2020]

The large number of kooks above who will vote for the Republican Party won't be able to do anything to solve the Inflation, all they will do is cut taxes and build a larger national debt, and have the rich get richer and the middle classes and working poor will be poorer.

Color me crazy, but I bet if energy was cheap as it was under Trump that costs wouldn’t be skyrocketing.
DRILL BABY DRILL!!!

 

[Ray From Cleveland]

The large number of kooks above who will vote for the Republican Party won't be able to do anything to solve the Inflation, all they will do is cut taxes and build a larger national debt, and have the rich get richer and the middle classes and working poor will be poorer.

How would they run up the debt with a leftist President that won't sign any of their bills unless it has more Communist pork?

With some luck the Republicans will pull the plug on the money making machine and that will stop some of the inflation. However with OPEC's announcement they are cutting supplies it would barely be noticeable. Higher fuel prices means the inflation bubble getting even bigger. The only hope of bringing it under control is Biden to abandon his enviro-kook voters and have the US start producing more energy by lifting all his anti-energy policies, but I seriously doubt that would ever happen. The Democrat theme is party first-country second.

 

[percysunshine]

OPEC+ announces 2 million-barrel production cut

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from …

thehill.com

"The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas prices again"


Get ready for more pain at the pump. This is why energy independence is important.

That Keystone pipeline sure would be handy about now.

 

[percysunshine]

Why does the President hate Canada?

 

[jknowgood]

As gas and diesel energies will rise the cost at the pumps the Republicans will blame the President and the Democratic Party. Keep in mind dear readers, the Republican Party will have no solutions or plans to recover and as usual cut taxes of the top earners and the oil and coal industries.

Go back to Trump's energy policies and the problem is solved.

 

[Care4all]

OPEC+ announces 2 million-barrel production cut

The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from …

thehill.com

"The Organization of the Petroleum Exporting Countries (OPEC) and its oil-exporting allies announced a 2 million barrel per day cut in oil production Wednesday, bucking months of pressure from Washington to increase production and potentially spiking gas prices again"


Get ready for more pain at the pump. This is why energy independence is important.

Fyi, in 2020 and 2021 with Biden, we were energy independent.... Depending on your definition, I suppose?


In 2020 w/Trump, and during covid, the USA pumped more barrels of oil than we consumed.

In 2021 w/Biden the USA pumped more barrels of oil than we consumed.

And I'm not certain, but in 2019 is believe we did the same.

BUT, none of those years, were independent of foreign oil imports. Apparently we like sweet and light crude oil, or our refineries do? and a lot of what we pump out, is heavy crude oil that we sell, and/or export to other countries that are set up well to refine heavy crude... ???

So basically, we still are not really energy dependent.... We have no say on who private businesses can sell their oil to..... or rather, we have limited say....sanctions against a country could stop private oil sales there....

 

[surada]

Of course we do - pump our own damn oil.

The oil world is anticipating a million bpd on the market from Iran if the nuclear agreement is reinstated.

 

[Fueri]

Fyi, in 2020 and 2021 with Biden, we were energy independent.... Depending on your definition, I suppose?


In 2020 w/Trump, and during covid, the USA pumped more barrels of oil than we consumed.

In 2021 w/Biden the USA pumped more barrels of oil than we consumed.

And I'm not certain, but in 2019 is believe we did the same.

BUT, none of those years, were independent of foreign oil imports. Apparently we like sweet and light crude oil, or our refineries do? and a lot of what we pump out, is heavy crude oil that we sell, and/or export to other countries that are set up well to refine heavy crude... ???

So basically, we still are not really energy dependent.... We have no say on who private businesses can sell their oil to..... or rather, we have limited say....sanctions against a country could stop private oil sales there....

The major difference we are seeing is with respect to approach to the fossil fuel industry.

Biden has said he is going to 'end fossil fuels'- as a direct result investment in infrastructure is being delayed or cancelled completely as it makes no sense to spend money on a project that will take many years to get a return on if you are told you are being eliminated.

There is no reason for the Saudis not to curtail supply for the very same reason. If you are told your earnings window is closing the logical response is to get what you can while you can.

 

[surada]

He's been there, done that. Apparently they weren't impressed with his ass-kissing skills and are more worried about their interests than his political needs.

Biden called them pariahs.. and this week called them third rate nobodies. IMO big mistake. Some Americans don't realize that other countries are catching up. They aren't inferior... They aren't backwards.

 

[Fueri]

Biden called them pariahs.. and this week called them third rate nobodies. IMO big mistake. Some Americans don't realize that other countries are catching up. They aren't inferior... They aren't backwards.

Well when you're still using crucifixion as an execution technique and carrying out mass executions via behedding in public and are run by a royal family with a petulant prince that executes critics you haven't 'caught up' to much.

 

[surada]

Well when you're still using crucifixion as an execution technique and carrying out mass executions via behedding in public and are run by a royal family with a petulant prince that executes critics you haven't 'caught up' to much.

Lol.. you don't know anything about Saudi Arabia or the leadership... and it's a waste of my time to engage you.

 

[Care4all]

The major difference we are seeing is with respect to approach to the fossil fuel industry.

Biden has said he is going to 'end fossil fuels'- as a direct result investment in infrastructure is being delayed or cancelled completely as it makes no sense to spend money on a project that will take many years to get a return on if you are told you are being eliminated.

There is no reason for the Saudis not to curtail supply for the very same reason. If you are told your earnings window is closing the logical response is to get what you can while you can.

The Saudis are doing it, as a favor for Trump.....it appears....especially the timing in the election cycle, an October surprise! Seems like election interference, ....intentionally timed, and with a purpose! Imho.

 

[Fueri]

Lol.. you don't know anything about Saudi Arabia or the leadership... and it's a waste of my time to engage you.

LOL indeed. You didn't deny any of it, as it is 100% true, and instead ran.

MBS took responsibility for murdering Khashoggi. The rest is public knowledge.

If they weren't sitting on oil reserves the country would be a 3rd world poverty stricken Peace Corps training destination. They've got the cash to put on a good show, but you can't put lipstick on a pig.

 

[Fueri]

The Saudis are doing it, as a favor for Trump.....it appears....especially the timing in the election cycle, an October surprise! Seems like election interference, ....intentionally timed, and with a purpose! Imho.

That's the narrative the left is putting out, yes. I've seen it all over today.

Zero proof of that, however, and plenty of reason for the Saudis to do this for their own interests.

 

[Ray From Cleveland]

The Saudis are doing it, as a favor for Trump.....it appears....especially the timing in the election cycle, an October surprise! Seems like election interference, ....intentionally timed, and with a purpose! Imho.

Why would they be doing favors for Trump, a person will zero power in government?

They're doing it because of Dementia. They know he will take no steps into increasing US energy because he doesn't want to lose the votes from the enviro-kooks. That's why they're doing it.

 

[Fueri]

Why would they be doing favors for Trump, a person will zero power in government?

They're doing it because of Dementia. They know he will take no steps into increasing US energy because he doesn't want to lose the votes from the enviro-kooks. That's why they're doing it.

Nope. They're not doing this for Trump. It's completely made up nonsense coming out of the spin machine to deflect from Potato's latest failure.