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 ...
oops Second worst president ever
Are those election results credible?
As the oil prices rise,Biden gets ALL THE BLAME......
OPEC went through a lot of internal negotiations to get their agreement set up to satisfy all their players. They aren’t changing anything for Joe and he’s a fool to think they would.
He can make America prosper rather than falter with two strokes of his pen, just like he hurt us with two strokes to get here.
Radical leftists are more important to him than the rest of of the population of America, that’s all.
Not even close yet.
How dare you Texans try to make money
“Remember. Democrats in 2004 demanded $5 per gallon gasoline. It was the only way to “Control Consumption”.”
That changed around 2008 when Obama’s energy czar said gasoline needed to go to “$7 or $8 a gallon to save Gaia.
We are going to get hit hard in a lot of different ways from a lot of different places.
Try opening pipelines, you piece of crap.
I didn’t believe them.
Or, what has just happened, happens. Where the Islamic State attacks a refinery in Iraq. That’s got to do MARVELOUS things for the price of oil. The only thing missing now, is for Iran to act a fool in the strait of Hormuz.
I forgot about that.
Dominion
BEFORE the 2022 election, Biden’s decision about Keystone Pipeline will be very apparent.
Beg, Bribe, Buttkiss
Or Biden will be at elementary school and some kids will ask Biden, boxers or briefs like they did for Clinton
They want to punish the USA for Trump’s huge increase in oil supply that wasn’t controlled by the OPEC cartel. BUT DON’T WORRY!!! Soon we will all be taking the electric bus to our new jobs at the John Kerry Solar Panel Gulag.
I just wrote this on another thread:
Between 1976 and 1979 we were being led by viciously incompetent morons and we survived.
The difference is, today we are being led by viciously incompetent morons who are likely beholden by ideology, money, or blackmail to foreign enemies like Communist China, but who also wish fervently for the downfall of the United States as it has been seen since its founding, and wish for its recreation in a socialist, totalitarian vision that they on the Left approve of.
Slow Joe thinks they are laughing with him .... he is wrong about everything.
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