Saudi Arabia cuts 1.66 million bpd in addition to existing 2 million bpd cuts

Bigdog

Bigdog

Harris - make America a 3rd world shithole
" ... TENSIONS WITH WASHINGTON
Washington has called the latest move by OPEC+ inadvisable.

The West has repeatedly criticised OPEC for manipulating prices and siding with Russia despite the war in Ukraine.

The United States is considering passing legislation known as NOPEC, which would allow the seizure of OPEC's assets on U.S. territory in the event market collusion is proved.

OPEC+ has criticised the International Energy Agency, the West's energy watchdog in which the United States is the biggest financial donor, for releasing oil stocks last year, a move it said was necessary to bring down prices amid fears sanctions would disrupt Russian supply.

The IEA's prediction never materialised though, prompting OPEC+ sources to say it was politically driven and designed to help boost U.S. President Joe Biden's ratings.

The United States, which released most stocks, said it would buy back some oil in 2023 but later ruled it out.

JP Morgan and Goldman Sachs said the U.S. decision not to buy back oil for reserves might have contributed to the move to cut output."

https://www.reuters.com/business/energy/why-is-opec-cutting-oil-output-2023-04-03/
 
Biden is one dumb sumbitch. He thinks this is 2001 when he chaired the senate committee on foreign relations and thought the US was king of the world.
 
goat said:
Biden is one dumb sumbitch. He thinks this is 2001 when he chaired the senate committee on foreign relations and thought the US was king of the world.
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He always was, it is claimed that America picked him anyway.
 
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The WOKE hating competence really fucked them when they picked Harris. The chances that they learn from this approach zero.
 
Nordberg said:
You guys are severe conspiracy nuts. Are you that crazy? Have you ever rejected a conspiracy about a lefty? You should think about that.
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I reject a lot of leftwing conspiracy theories ... like Leftys are purely altruistic ... or Leftys don't judge people by their skin color, their gender, their religion, or who they fuck.

:dunno:

I thought you'd be happy that Brandon has another boogey man to blame inflation on. Instead of blaming his horrific domestic and foreign policies.
 
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Oil prices notch biggest gain in nearly a year after OPEC's ...
CNBC
https://www.cnbc.com › 2023/04/03 › oil-prices-surge-af...
2 days ago — Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.


Watch inflation soar even more.
 
Iran, Saudi Arabia agree to resume relations after tensions
NPR
https://www.npr.org › 2023/03/10 › iran-saudi-arabia-res...
Mar 10, 2023 — DUBAI, United Arab Emirates — Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tension.

Biden has failed to maintain good relations with Saudi Arabia.

They now see Biden's America as weak and ineffectual..and they are right.

Now, Saudi Arabia has established diplomatic ties with the state sponsor of terrorism, Iran.
 
Earl said:
Iran, Saudi Arabia agree to resume relations after tensions
NPR
https://www.npr.org › 2023/03/10 › iran-saudi-arabia-res...
Mar 10, 2023 — DUBAI, United Arab Emirates — Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tension.

Biden has failed to maintain good relations with Saudi Arabia.

They now see Biden's America as weak and ineffectual..and they are right.

Now, Saudi Arabia has established diplomatic ties with the state sponsor of terrorism, Iran.
Click to expand...

John Kerry and the white libs celebrate. :palm:
 
First....Joe reduces our energy production leading us to no longer being energy independent

Second.....Joe drains our strategic oil reserves in attempt to control rising oil prices

Third......The Idiot in Chief hands the Middle East to China influence


What could go wrong? The Idiot in TWH is a far bigger failure than Jimmy Carter..far bigger.

Under Biden's watch he is allowing China to buy up our Farmland.......allowing China's Yuan to replace The US Dollar as the worlds reserve currency with BRICS gaining steam and support......hands China controlling influence in the oil rich Middle East.......and allows China to seize influence in Central and South America with Chinese military bases in our hemisphere on the horizon. He allowed a sophisticated Chinese spy balloon to do figure 8s over our major nuke base. He is allowing an influx of Chinese nationals (Saboteurs?) to flood our border and enter the country illegally. This is the same Biden raking in $$millions in payments for him and his family from China.

But Trump is being prosecuted for hush money payments to Stormy Daniels.
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As a country we either WAKE THE HELL UP.......or start learning Chinese Mandarin.
 
During the debates:

"...The exchange was lively, but what was even more interesting is what happened next. Perhaps sensing an advantage, Trump challenged Biden with a simple question.

“Would you close down the oil industry?” the president asked.

Biden, normally a disciplined speaker, took the bait.

“I would transition from the oil industry, yes,” Biden said.

This response even seemed to perplex the debate moderator, who asked Biden, “Why would you do that?”

“The oil industry pollutes significantly,” he continued. “It has to be replaced by renewable energy over time.”

Biden’s candor was a bit remarkable. Politicians are renowned for hedging and offering vague responses to straightforward questions. As the Associated Press reports, even the president himself seemed “surprised and pleased by Biden’s comment.”
fee.org
 
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