Posted on 02/21/2022 9:15:13 PM PST by Signalman
Oil prices climbed on Monday, pushing closer to the $100 barrel threshold after Arab oil producers agreed that oil production should not rise.
The price of Brent, the global standard, rose by nearly 3.91 percent on Monday to $97.20, the highest price since 2014. Many traders believe is very likely to push above $100 a barrel soon.
Over the weekend, ministers from Arab oil-producing nations met in Riyadh to discuss production levels. They said they had agreed that OPEC+ should stick to its current plan to add 400,000 barrels of oil per day. The Organization of of the Petroleum Exporting Countries and allies led by Russia agreed on February 2nd to support a moderate rise in output.
The Biden administration has been pressing U.S. allies in the Arab world to increase production in hopes of holding down fuel prices and perhaps tempering inflation. The price of oil is up more than 24 percent since the start of the year.
Oil prices have seen upward pressure from rising global demand as lockdowns and other restrictive measures aimed at fighting the pandemic have lifted. More recently, tensions between the U.S. and Russia over Ukraine has boosted oil prices.
The Arab ministers say they are wary of increasing production in reaction to geopolitical events, which often only have a temporary effect on prices.
(Excerpt) Read more at breitbart.com ...
When Biden went begging the Sauds, some would say “Hat in hand,” but with Biden it’s more like “Diaper in hand.”
Biden, in order to drive American drivers into electric cars, turned off our domestic supply. By destroying our energy independence, Biden shot America in the foot. That should be the grounds for impeachment.
Biden OWES me for the anger management therapy sessions I’ve had to take because of stuff just like this.
Even Obama allegedly said, “Don’t underestimate Joe’s ability to f-— things up.”
Oil was at $42.69 / bbl in November 2020, and gasoline national average was $1.43. Since then Biden has shut down fracking, drilling on federal lands, shut down pipelines and stopped completion of the XL Pipeline.
You don’t have to be a political science genius to see what’s going down.
I am positive the Bidung administration will do absolutely nothing to improve things.
They will probably promote EV’s, wind turbines and solar panels.
If joe Biden were a rational human being he’d start pumping American oil in response to being rebuffed by “allies in the mid-east”, but he isn’t so he won’t.
We were energy independent under Trump. Now Biden begs the Saudis to increase production.
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Not to mention that New England area states now get 20% of their gas from Russia. Maybe he’ll beg Russia to send more?
That image recalls some of the characters from the movie “Idiocracy”, a condition America is moving rapidly towards. The movie was not entertainment, but a prophesy now bearing fruit(s).
“That image recalls some of the characters from the movie “Idiocracy”, a condition America is moving rapidly towards. The movie was not entertainment, but a prophesy now bearing fruit(s).”
If we could make BRAWNDO, we could fill our cars up with THAT, and save the environment at the same time! Why aren’t we making a Manhattan Project level effort on producing it?
If we could make BRAWNDO, we could fill our cars up with THAT
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Its got electrolytes which cars don’t use. Anything that helps the US is bad, anything that hurts the US is good - including the nuclear war Brandon the Great is angling for.
Biden’s babysitters don’t want the Saudis to say okay. They want the American people to suffer. They want us out of our cars and able to travel independently. Biden’s babysitters want their base to think this fights global warming.
Signalman wrote:
We were energy independent under Trump. Now Biden begs the Saudis to increase production.
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Open OUR US taps you moron. And restart the Canadian pipeline project YOU killed.
Hey I have an idea, Lets DRILL Brandon!
SS1
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