Posted on 04/03/2023 5:32:53 AM PDT by Kaiser8408a
While Resident Biden is on good terms with the Mexican drug and sex trafficing cartels that control our southern border, the oil cartel just stuck their fingers in Biden’s eyes by cutting oil productions.
Cartel removes more than 1 million barrels a day from market Analysts say the decline in oil inventories will accelerate Today, crude oil futures are up 6.62% to over $80 per barrel.
Sunday’s surprise OPEC+ production cuts have redefined the outlook for crude prices, bringing $100 a barrel back into the frame.
Prior to the announcement, the cartel’s own numbers suggested the group would need to pump more oil, not less, in the second half. With the International Energy Agency expecting a demand surge later this year, there’s now renewed risk of a fresh inflationary impetus for the global economy.
Under Biden’s Reign of Error, diesel prices are up 64% while the Strategic Petroleum Reserves (SPR) have been drained by -42%.
St. Benedict, help protect us from Biden and The Federal Reserve.
(Excerpt) Read more at confoundedinterest.net ...
And we’re giving away our weapons...
I wonder what FJB is going to do about gas prices now that the mid-terms are over and they cleaned our clocks with lowered gas prices.
Trump tried to top off the strategic oil reserve when the prices were at a historic low. Congress stopped him. But had he done so, Bumbles would have simply released more of it to say he lowered the price to consumers.
drill baby drill
If only there was an abundant supply of Oil in North America and a convenient pipeline supply!
Add it to the Joey F’ed Up List.
Topped off the 32 gallon tank yesterday.
Seems to me that the EASY SOLUTION to this is to get on the blower and call up MBS, and tell him we’re not going to take this crap from him.
Oh yeah, I forgot, the Neocons now made them our enemy (along with Russia and China) - in the case of the Saudis, once we talked ‘price caps on oil’, they were through with us.
I bet that it benefits BRICS.
Meanwhile, gas is .06 per gallon in Venezuela.
.12 per gallon in Libya.
The US is on pace to have record crude production this year.
On a related note, here’s a clip from a Saudi TV show where they brutality mock Biden and Harris. The message is clear. The Saudis have zero respect for our current leadership.
So I’m guessing that if Slow Joe gives them a call, they’d just laugh then hang up.
To be fair. Most everyone has zero respect for the Biden administration. Not just the Saudis.
> Most everyone has zero respect for the Biden administration. Not just the Saudis. <
True that. But I’m struck about how very open the Saudis are about it.
Someone high up in the Saudi government must have approved that mocking Biden skit. I honestly wonder why. What advantage would airing it give them?
The strategic reserve the day Trump left office was about 640 million barrels of oil mol
Now under 2+ yrs of Brandon, it’s about 280 million barrels mol
“And we’re giving away our weapons…”
I’m not.
L
Are we still exporting record amounts of energy...?
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