Posted on 08/16/2021 12:19:06 PM PDT by Enlightened1
The Biden administration’s plea for more oil production has been rejected by OPEC and its allies, including Russia, according to Reuters.
The group of big oil producers believe oil markets do not need more oil than they plan to release in the coming months, Reuters reported.
The report cited “four sources” but did not name them. Reporting on internal OPEC decisions is often based on unnamed sources.
The Organization of the Petroleum Exporting Countries is a cartel of 13 nations that includes Saudi Arabia and the United Arab Emirates. A larger group, that also includes Russia, Mayalasia, and Mexico, is known as OPEC+.
The plea for more oil came in the form of remarks from national security adviser Jake Sullivan last week. Sullivan complained the price of crude oil has been higher than it was before the pandemic hit. He said that the decision by OPEC last month to raise oil production by 400,000 barrels per day is “simply not enough.”
“President Biden has made clear that he wants Americans to have access to affordable and reliable energy, including at the pump,” Sullivan said. “Although we are not a party to OPEC, the United States will always speak to international partners regarding issues of significance that affect our national economic and security affairs, in public and private.”
Gas prices have fallen by less than one cent over the past week and are up by two cents from a month ago.
Republican Texas Gov. Greg Abbott reacted to Sullivan’s remarks by asking the Biden administration to set American producers free to meet rising demand.
“Dear White House: Texas can do this,” Abbott tweeted. “Our producers can easily produce that oil if your administration will just stay out of the way.”
(Excerpt) Read more at breitbart.com ...
I would laugh, but the world is a pack of wolves and it smells a weak, lame dog. It won’t go well for us.
Well sometimes it takes staring into the abyss for people to wake up.
President Retard wants everyone else to fix problems he created.
What a dumbass 🤪
Thank you Alex. I’ll take, “$6.00 a gallon by 2022 for five hundred”
Please clap...
We have oil. Just get out of the way.
Under Trump the US became oil independent. Now we are back to begging OPEC to produce more oil.
Biden Begs Better.
How’s that working for you, Joe?
Maybe if Taliban Joe surrendered to Iran they’d send us some oil.
Sorry Plugs, they stay plugged.
Drill Baby, Drill?
Blood in the water.
Yeah, but that was a Donald Trump policy success, and Democrats can’t have that. They had to get rid of it real fast.
OF course they did
They should be wary. He might invite them out behind the gym.
Biden is weak and all the world leaders know this.
“Beg - Back - Better”
...Funny! Sad really. But funny
Obama must be ecstatic at this point. With less than a year in office Biden had managed to move Obama from the worst president ever to the second president ever.
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