Posted on 10/07/2022 10:52:28 AM PDT by george76
The oil producing nations basically told the U.S. to "shove it", furthering the case that the BRIC nations are moving away from the U.S. dollar and separating economically from the West.
...
OPEC humiliated Biden on a global stage by cutting oil production after he specifically lobbied them not to. There’s no “nice” way of putting it - they straight-up snubbed the U.S. and have now, in my opinion, made it officially clear that they 1) are not our friends, 2) do not care what we want, 3) do not take us seriously and 4) are not here to help us and/or Biden get re-elected by lowering prices.
To use Biden’s parlance, “Let me tell you something, Jack - we’re not in bed with the Saudis anymore. They are more allied with China and Russia than they have ever been, at arguably the most crucial moment in recent history for our global economy.”
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there was nothing quite like the “fist bump heard round the world” a couple months ago when Biden - who spends his time here domestically fighting for “equality” and human rights - decided to embrace the Saudis, and their track record of disapproving of gay rights, murdering journalists and multiple other human rights violations - instead of simply ramping up domestic oil production here in the U.S.
Biden probably went into the meeting he had with MBS months ago thinking we had some type of leverage, like we have had decades ago. The sad reality is that we simply don’t anymore: the Saudis have the oil, they have gold, and now they have allies just as big and powerful as the U.S. when combined. And those allies provide financial and military support at a crucial juncture for geopolitics.
Meanwhile, our President remains tone deaf and while his supporters remain immune to what can only be described as blatantly obvious double standards.
While the left hand, Biden was vilifying Exxon and Chevron here in the U.S., basically encouraging them to not bring more supply online, whilst blaming “gas station owners” and other people who don’t set the price of refined fuels.
With the right hand, he was fist bumping a man who publicly disapproves of gay rights and ordered the murder of a critical journalist, in order to try and get him to unleash more oil on the global stage.
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And instead of him taking us seriously, he did the exact opposite of what Biden wanted yesterday - cut oil production, raising prices - and humiliated Biden on the global stage.
What must the world be thinking watching Biden shut down the Keystone Pipeline project and lobbying for the end of fossil fuels in the midst of a global energy crisis?
Biden does this to himself daily, but the MSM is usually able to ignore it or make excuses.
FIST BUMP BIDEN
What a friggin’ bunch of geniuses have been installed to be our rulers.
I think it’s Biden they can’t stand. They respected our real POTUS.
We wouldn’t be begging for oil in the first place if we had our real POTUS.
Meanwhile, US active rig count is DOWN 3 rigs this week.
Joe strikes again.
Uh, I’m confused... I thoughtpReside Retard stated that “Noone f**** with a Biden?” I guess that only applies to the useless, ballless, POS Repukelican candy asses in the States...
“In 2020, Democrats blocked Trump’s proposal to buy American oil at $24 a barrel. Yesterday, a Biden official disclosed a secret offer to buy OPEC+ oil at $80 a barrel.”
https://michaelshellenberger.substack.com/p/bidens-secret-promise-to-opec-backfires
Rejected.
“OPEC humiliated Biden”
The Saudis are the OPEC elephant and they know their numbers for the price/production interplay better than anyone else in the world. They are the only OPEC member with plenty of excess production ready to go but they will defend the price, they don’t like shortening their production lifespan any more than necessary. They also know the odds of the USA producing a lot of energy again in the future if the Democrats can be thrown out. They will press while they have the advantage and Biden is screwed.
So the Saudis don't need us anymore. They can get the latest/greatest US technology from the Chinese.
That is a definite.
The next time a goat herding oil producer is invaded, we should give them the middle finger, but won’t.
Why should OPEC accept $80/bbl when in a couple weeks the will get $110/bbl? Bydone is an idiot.
Dumbo Jo started something that not only hurts the country and himself as well.
Putin's not threatening Ukraine as much as he's threatening American hegemony; the more countries that move away from our Monopoly money, the more important the fight in Ukraine becomes.
Look at any subject and it’s the same. Liberals never understand the knock-on effects of their “great” ideas. They forget that the enemy gets a vote, just like in war, and that no plan survives first contact with the enemy.
How true.
he probably doesn’t even realize it.
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