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 ...
Democrats want things that destroy our country.
Biden has beaten the odds. How can one person be wrong so many times?
Yup. Little over a year ago. Mean tweets and all.
Biden does all he can to dismantle American fossil fuel production and transport. Yet he goes to the 9/11 Saudis and begs them to increase oil production. They haven’t laughed this hard since GW Bush invaded Iraq.
Luckily, under Trump, when the world hated us, we’ve turned that corner and can count on our longtime allies.
Dems, the avowed enemy of Oil, plead for the Saudis for help.
Dems, the avowed enemy of Oil, plead to the frackers for help.
They really have zero shame.
The next year or two will be rough, but if it will bury the Dems for at least the next 25 years, I’ll bear the burden gladly. The Saudis and frackers probably feel the same way; the oil will still be there in the ground in a few years.
Why should they turn on their taps when Braindead won’t turn on his?
“Biden has beaten the odds. How can one person be wrong so many times?”
It does seem like some sort of a perverse skill or gift. A monkey with a dartboard and some whiskey could make better decisions.
His next decision will be his first.
Biden is just trying to finish what that former closet (m)uslim and occupant of the white hut started. And you have to give him credit for doing a great job at it, at least doing what he is being told by the ones pulling his string.
How long before Biden’s Bunions start accusing Donald Trump for convincing the Saudis not to open their oil taps?
As ‘proof’, they will mention Trump is working to host certain Saudi Corporations at one of his golf events in the UK.
While at the same time here in the USA, they are pushing ESG policies, banning pipelines in the USA, ending exploration leases on Fed.gov land and telling Dept of the Interior and EPA to consider "climate change" in pipeline approvals
These people are children who have no clue about how economies or power works.
Speaking of taps, if a maple farmer would insert a tap into Biden's shrunken head, a stream of unbearably putrid stinking yellowish slime would jet out of it. Equipped with material such as that to form thoughts and ideas, it's little wonder he screws up every single thing he touches. Look at his latest F-U to America:
This disgusting thing is Sam Brinton, the new deputy assistant secretary of Spent Fuel and Waste Disposition in the Office of Nuclear Energy. That such a total pervert should be named to a position in our government tells you everything you have to know about the dummocraps and their respect for our country.
“Nothing can ever be idiot-proof because idiots are so ingenious.”
.
We need to pray for God to remove His hand from our nation and let people experience a world without grace.
Old Testament time. Better to suffer now and remove the cancer than kill our country.
It might even take a limited nuclear exchange to destroy say a dozen Democrat cities to have the proper leadership to survive. Better to lose ten million than 300.
Difficult days ahead.
It’s almost as if Biden is some sort of “loser”.
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