Posted on 07/15/2022 7:30:56 PM PDT by ding_dong_daddy_from_dumas
The White House on Friday said Saudi Arabia has committed to increasing oil production in July and August—a move that will help "stabilize markets considerably."
The commitment from Saudi Arabia came after bilateral meetings between President Biden and administration officials and King Salman bin Abdulaziz al Said and Crown Prince Mohammed bin Salman, as well as Saudi Ministers.
"Saudi Arabia has committed to support global oil market balancing for sustained economic growth," the White House said. "We have welcomed the increase in production levels 50 percent above what was planned for July and August."
"These steps and further steps that we anticipate over the coming weeks have and will help stabilize markets considerably," the White House said.
(Excerpt) Read more at foxnews.com ...
Prices have dropped here about $0.44 cents per gallon, from
their highest point.
We’ll see.
As for that photo shop of Biden with the gas can, are they
sure that isn’t an actual photo of him leaving with and empty
gas container?
But in this case it's $3 higher, 0.50¢ back' trick.
No, the article is a big, purposeful lie.
Saudi Arabia told Biden that it would present the request to OPEC and that OPEC would take the matter under consideration.
Saudi Arabia is a member of OPEC and as such must abide by current OPEC policy
I had to kind of chuckle thinking MBS and that shit eatin’ grin on his face was about providing Russian oil to potato head at a high price.
No, MBS did fill them with Russian oil. MBS just bought him some Russian oil a short time before Joey’s visit. LOL
They have him over a barrel, they can get whatever they want,. Not a good way to negotiate from our perspective.
AGAIN! The Saudis ALSO said that the PROBLEM with US availability of gasoline is REFINERIES! Biden and Democrats have been working for decades to keep new fineries from being built here in the US. We see an increase in production of crude? Biden will just restock the strategic reserve and then give it away again through his added middlemen cronies.
Biden and Democrats have been working for decades to keep new fineries from being built here in the US.
What keeps US refineries from producing gasoline from "sour crude?" Federal laws?
Yep.
Your link, or THIS is the thread that needs to stay on the sidebar for a while:
https://freerepublic.com/focus/f-news/4079599/posts
** “Oil price rises after Joe Biden fails to secure Saudi output increase | Oil | The Guardian” **
This article has the topic “extended news” so it should stay on the sidebar, unless somebody messes with it. I think the article I posted about the white house claiming success with SA is useful too, to show how eager they are to declare victory when the result is a failure.
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