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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 ...
“Under Trump the US became oil independent.”
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We sure did.....for the first time in 75 years.
SURPRISE!!!
No, just a senile, dirty old crook.
The art of the woke deal. Be humble. Ask nicely for things you should simply expect. Those foreign weirdos respect humility. So say “please, pretty please, with sugar on top,” and they’ll be your friends, provided you drink a noxious looking liquid to prove your sincerity, and get down on your knees. Leverage shmeeverage. That’s racist Trump’s thinking. This works better in the long run, and you will be running quite a bit.
We are all going to pay a price for this. Biden and Co. could care less!
Biden doesn’t understand that people do what they think is best rather than what Biden asks them to do.
Biden is the Laughing Stock of the World.
America is back. Respected in the world again./sarc
Biden is going to get the ‘chump treatment’ going forward.
He deserves it but America does not- at least by about 1/2.
Trump increased America’s clout.
Biden decreased America’s clout.
No other country cares what America wants now.
DeSantis 2024.
“respect”
If only Biden were strong!
LOL.
Oh Joe, REOPEN THE XL KEYSTONE PIPELINE PLEASE!!!! THANK-YOU!!!!
DRILL, Baby, DRILL!
Joe, you probably don’t know this, but you DON’T need to beg OPEC: the USA used to produce enough oil when Trump was President that we EXPORTED SURPLUS oil!
Other than some monetary reward, which is guaranteed for the dems.. i would have to say... devils advocate. . Theirs is light, sweet, easier to refine... possibly save our oil after theirs runs dry. If it were someone ther than a dem i would say it could be tactical. Just food for thought.
I remember gas going to five dollars a gallon and over during Obunghole’s administration, and his transportation secretary, I forget his name, some token pick, said “we’re very comfortable with five dollars a gallon”.
How short our memories are…
If the goal it to force people into electric cars via economics, they have to penalize petroleum and subsidize electricity.
No argument from me; it makes perfect sense.
However, my point is that people forgot that financial pain; I sure as hell didn’t.
Another fraud pedojoe grabby green gobbler bidet failure. As always, may it impact those who inflicts this talking ape upon our great nation.
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