Members banned from this thread: evince, Text Drivers are Killers, CFM and Rat Robbersson |
Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, while OPEC's chief said a complaint from U.S. President Donald Trump over higher prices triggered the idea of upping output.
Riyadh and Moscow are prepared to ease output cuts to calm consumer worries about supply adequacy, their energy ministers said on Friday, with Saudi Arabia's Khalid al-Falih adding that any such move would be gradual so as not to shock the market.
Raising production would ease 17 months of strict supply curbs amid concerns that a price rally has gone too far.
Talks are being led by the energy ministers of OPEC kingpin Saudi Arabia and Russia at St. Petersburg this week along with their counterpart from the United Arab Emirates, which holds the OPEC presidency this year.
China has also raised concerns about whether enough oil is being pumped, according to a Saudi statement issued after Energy Minister Falih called China's energy chief on Friday.
OPEC may decide to raise oil output as soon as June.
https://www.usnews.com/news/top-news/articles/2018-05-25/exclusive-opec-russia-discuss-raising-oil-output-by-about-1-million-barrels-per-day-sources
the reason gas prices are so high is the taxes our government puts on it after we buy it from the Saudi's.
just a thought
This just In::: Trump indicted for living in liberals heads and not paying RENT
C̶N̶N̶ SNN.... Shithole News Network
Trump Is Coming back to a White House Near you
It's mainly state taxes, not "our government".
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. The federal tax was last raised in 1993 and is not indexed to inflation, which increased by a total of 64.6 percent from 1993 until 2015.
https://en.wikipedia.org/wiki/Fuel_taxes_in_the_United_States
^ if it ain't the globalists, it's the climate change people...determined to wreck our economy
Did we just start taxing gas now? You don't do any homework. we don't get much oil from Saudis at all. https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
rjhenn (05-26-2018)
Darth Omar (05-25-2018)
Bookmarks