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Saudi Arabia agrees to increase oil production levels, will help 'stabilize markets,' White House says
fox news ^ | 07/15/2022 | Brooke Singman

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 ...


TOPICS: Front Page News
KEYWORDS: anwr; biden; bidenflation; brookesingman; energy; energyschadenfreude; everythingisoptics; globalwarminghoax; greennewdeal; ihaveabridgetosell; justwords; keystonexl; mediaoptics; oil; opec; saudiarabia; surejan; taqiyya
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To: ding_dong_daddy_from_dumas

Good. They will have all that global warming over there and we won’t have any of it because we’re not drilling.


61 posted on 07/16/2022 1:41:44 AM PDT by gitmo (If your theology doesn't become your biography, what good is it?)
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To: ding_dong_daddy_from_dumas

This looks like PR and spin to me.

We’ll see if the Saudis are capable of ramping up production much more and if they actually do ramp up production much more.


62 posted on 07/16/2022 2:53:22 AM PDT by FLT-bird
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To: Roadrunner383

We see the globalists agenda in action


63 posted on 07/16/2022 2:56:20 AM PDT by ronnie raygun
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To: Roadrunner383

Yep. The liberal mindset. Mass stupidity on display. Everything they touch turns to crap.


64 posted on 07/16/2022 3:32:16 AM PDT by LouAvul (Complacency is the enemy of courage.)
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To: ding_dong_daddy_from_dumas

Yeah just enough to keep fuel prices in the 5-6 dollar range.

If people cannot see through the smoke, mirrors and charades they are some stupid bastards


65 posted on 07/16/2022 3:52:13 AM PDT by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT)
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To: FLT-bird

50% increase yeah sure. Only a fool would believe that especially very quickly.


66 posted on 07/16/2022 4:27:08 AM PDT by Mouton (The enemy of the people is the media )
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To: ding_dong_daddy_from_dumas

Measured increases were already scheduled. A modest increase in the increase in concession to Biden’s visit may be expected for awhile, but it won’t make much difference. Saudis just being diplomatic.. Guess they are not “pariahs” anymore.


67 posted on 07/16/2022 5:00:05 AM PDT by hinckley buzzard ( Resist the narrative.)
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To: ding_dong_daddy_from_dumas
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.

Oh King!!!

Live FOREVER!!


68 posted on 07/16/2022 5:09:09 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Attention Surplus Disorder
You will of course hear this story many, many times
as it will tend to paint Biden as a hero, our savior.



69 posted on 07/16/2022 5:11:59 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: moviefan8

I remember buying them at out local Co vengeance store as a kid and some woild be hard as a rock lol. But we had good teeth back,then.


70 posted on 07/16/2022 5:20:46 AM PDT by Bob434
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To: Elsie
https://babylonbee.com/news/scriptural-scholars-confirm-jesus-pharisee-owning-parables-followed-by-fist-bumps-with-apostles/
 
 
 
 
 
 
JEDDAH, Saudi Arabia — The publisher and CEO of the Washington Post says it was “shameful” that President Joe Biden fist-bumped Saudi Crown Prince Mohammed bin Salman on Friday.
 
Fred Ryan says in a statement that the informal greeting with the de facto leader of Saudi Arabia “Was worse than a handshake.”
 
U.S. intelligence agencies have said they believe the crown prince, known familiarly by his initials, MBS, gave the order that resulted in the brutal killing and dismemberment of dissident journalist Jamal Khashoggi, who was a columnist for the paper.
 
Ryan added that the fist bump “projected a level of intimacy and comfort that delivers to MBS the unwarranted redemption he has been desperately seeking.”
 
Biden, as a presidential candidate, had promised to make the kingdom a “pariah” in response to the killing, but he moved to rebuild ties as global energy prices soared in the wake of Russia’s invasion of Ukraine.
 

71 posted on 07/16/2022 5:35:17 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: ding_dong_daddy_from_dumas

Actually, Saudi Arabia agreed to work within OPEC to assure production keeps the market prices in a stable condition

Saudi Arabia is not unilaterally going to increase production at the behest of the USA


72 posted on 07/16/2022 5:39:17 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: ding_dong_daddy_from_dumas

“Take that, you pariah!”


73 posted on 07/16/2022 5:48:18 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Chgogal
I think you were trying to write That means the increase total will be 255,000 barrels/day.
74 posted on 07/16/2022 6:14:33 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: Syncro
Bidens bosses have moved some refineries over to refining bio fuels.....Satan is running the whitehouse.

You mean Biden's EO to increase the % of ethanol?

75 posted on 07/16/2022 6:21:08 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

I don’t know I saw another story that said that they’re importing a lot of oil from Russia which means that they’re not actually increasing production time they’re just acting as a front man for Russian oil


76 posted on 07/16/2022 6:47:50 AM PDT by rottweiller_inc (inter canem et lupum. It was NATO’s movements towards Russia that caused this war to begin with)
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To: ding_dong_daddy_from_dumas

Bribing other nations to do what you want is the American way of course if other nations bribe other nations well then that’s bad


77 posted on 07/16/2022 6:51:58 AM PDT by rottweiller_inc (inter canem et lupum)
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To: rottweiller_inc
Bribing other nations to do what you want is the American way of course if other nations bribe other nations well then that’s bad

"America" bribing other nations would not necessarily be bad. America and Biden are not the same.

78 posted on 07/16/2022 6:58:49 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

As with every other thing the Biden Administration says they LIE and leave out key details. THIS! apparently just wasn’t an entrée they particularly wanted to explain.

https://www.bloomberg.com/news/articles/2022-05-09/saudi-arabia-says-low-refining-capacity-causing-fuel-price-jump


79 posted on 07/16/2022 7:00:02 AM PDT by Gaffer (Infidel, and proud of it!)
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To: rottweiller_inc

That is part of the story. Biden wants to appear to be be a hero “doing everything he can” to lower oil prices but the real rulers of “our” government want us to suffer, so that we will welome a switch to “green energy” (which is powered by fossil fuels at this time anyway).


80 posted on 07/16/2022 7:06:30 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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