OPEC Gives In To Trump's Demands, Agrees To Increase Production To 1 Million BBLs A Day

AP wired services twitter ^ | 6-22-18 | WiredSources

[Proud White Trump Supporter]

BREAKING: OPEC countries give in to President Trump's demands, agree to increase oil production by almost 1 million barrels a day - AP

[Okieshooter]

Sorry but one million barrels a day is not going to cut it to reduce prices. It is a drop in a bucket with the increasing demand of a now healthy world economy. Oil prices are currently up about 4% today on the news as it was feared that the increase production would be more.

[JimRed]

So, is it TO one million barrels a day, as in the headline, or BY one million barrels a day as in the lead paragraph? Who edits this crap?

[mewzilla]

That’s great news...as long as refinery capacity isn’t maxed out.

[Bloody Sam Roberts]

I did type “You mean” but why it didn’t show up...who can say?

[Proud White Trump Supporter]

I love Fracking!

[Tucker39]

Well, maybe. But which IS it? The headline sez they’ll increase production TO a million barrels per day; while the article says they’ll increase BY a million barrels per day. Big difference.

[COBOL2Java]

Are we giving up anything in return?

Yes

NeverTrump'ers

[mewzilla]

Now for the bad news...

https://www.eia.gov/dnav/pet/pet_pnp_unc_dcu_nus_m.htm

We need more refining capacity. ASAP.

[Red Badger]

Yes, we all do, but with OPEC increasing their output, that will depress the market price for oil. Fracking then becomes less profitable and some marginal outfits will fold.................

[proust]

I don’t get triggered often but that pic sure does it for me.

[mastertex]

ANOTHER WIN!!!!!

[DannyTN]

Good riddance!!!

[Tucker39]

I think the writer meant pedal to the metal. I know you believe you understand what you think I said; but I'm not sure you realize that what you heard is not what I meant. 😂

[shelterguy]

7 years ago he said he would do it....and he did.

http://www.youtube.com/watch?v=D7Os2v6BTo0

[billyboy15]

“Are we giving up anything in return?”

Not really. I think the President’s request something like “If you increase your production by a million bbl daily, we’ll put a hold on our plans to come over there and take over production”

[gathersnomoss]

I was first out during first grade spelling beas.

[Retvet]

Hey mass media, another President Trump WIN!

[WASCWatch]

Doesn’t make any difference because all the OPEC members cheat on their agreements already. They always do. This agreement to increase production by 1 million BBL/day will wind up being closer to 5-10 million BBL/day.

[ButThreeLeftsDo]

The OP doctored the title.

[rb22982]

Oil is up on the news believe it or not, market was expecting a bigger increase in production.